Friday, March 16, 2012

SGX seeks public consultation on reporting, registration of NLTs

SINGAPORE : Singapore Exchange (SGX) is seeking public consultation on proposed changes to the reporting and registration of negotiated large trades (NLTs) in the derivatives market.


This refers to trades with minimum contract sizes of at least 25 lots for some derivative contracts.


All derivative contracts traded in the SGX will be included in the proposed changes.


The proposed changes are to enhance the reporting process for market participants.


SGX is proposing to introduce a new functionality to enable the registration of NLTs through its in-house system, QUEST Application Programming Interface.


Currently, clearing members are required to register no later than 30 minutes after the relevant trading session closes.


However, one of the proposed changes is to extend the registration hours of all NLTs to 8pm.


SGX intends to implement the proposed changes in the third quarter of 2012.


The public can submit their comments and suggestions by March 26.


- CNA/ms


View the original article here


Source From Channel News Asia

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