Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
Futures Trading Rules
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
Practice Note 3.3.5 — Customer Education
Schedules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

  Versions
(2 versions)
 
Up to Mar 14 2013Mar 15 2013 onwards

Practice Note 3.3.5 — Customer Education

Issue Date Cross Reference Enquiries
Added on 22 September 2006 and amended on 15 March 2013. Rule 3.3.5 Please contact Member Supervision:

Facsimile No : 6538 8273
E-Mail Address: membersup@sgx.com

1. Introduction

1.1 This Practice Note sets out the areas of information, guidance and training that a Member should ensure that its Internet Trading Customers are provided with.

2. Information, Guidance and Training

2.1 A Member should ensure that its Internet Trading Customers are provided with adequate information, guidance and training with respect to the separately enumerated areas below.
2.2 Potential limitations and risks of Internet Trading, which include:
(a) possibility of delays in order transmission and confirmation of order execution, and what to do in case of such delays;
(b) not being able to withdraw erroneous orders in time due to the speed of electronic trading; and
(c) danger of unauthorised access to a Customer's Internet Trading account and recommended preventive security measures in relation to matters such as the protection of passwords and leaving an Internet Trading screen unattended.
2.3 Prohibited trading practices, which refer to trading practices prohibited under this Rules, the Act or other Singapore laws.
2.4 System functionalities and order management procedures, which include:
(a) system access requirements;
(b) how to place, modify and withdraw orders;
(c) types of trading controls e.g. types of error-prevention alerts and how to interpret system alerts; and
(d) types of credit controls e.g. types of trading limits and how the trading limits are computed.
2.5 Contract Specifications, which include:
(a) contract size;
(b) ticker symbol;
(c) Contract Months;
(d) minimum price fluctuation; and
(e) settlement basis.

Amended on 15 March 2013.