Singapore Exchange Rewrites Electronic Trading Rules For Derivatives Market

Singapore Exchange Limited (SGX) is issuing a Consultation Paper with proposed amendments to Chapter 11 of the SGX Derivatives Trading Rules. It is inviting feedback from market participants and members of the public between 1 and 15 June 2004.

The amendments aim to update all electronic trading rules for the SGX derivatives market into one chapter, making it a "one-stop" reference. The rules will be implemented in time for the launch of SGX Quest¹ in August 2004.

The scope of the Chapter 11 rewrite includes:

1. regulation of SGX-DT Members' trading conduct and practices on the SGX-DT electronic market; and
2. provision of direct access to the SGX-DT electronic market².

The public may access the Consultation Paper, the draft Chapter 11 and the audit trail of the proposed rules changes on SGX's website at www.sgx.com. They can give their feedback via:

Email:	sgx-dt.rules@sgx.com
Fax:	(65) 6535 5573
Mail:	Chapter 11 Rewrite Legal and Company Secretary Risk Management & Regulation Group Singapore Exchange Limited 2 Shenton Way #19-00 SGX Centre 1 Singapore 068804

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¹ SGX Quest is the world's first integrated securities and derivatives trading engine which SGX is developing for its markets.

² Corporate Non-Clearing Members, Commercial Associate Members – Proprietary Trading and SGX ETS Associate Members may apply for direct access to SGX Quest.

Consultation Paper

Draft Chapter 11

Audit Trail