Rulebooks: Contents

Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
SGX-ST Rules
Rule Amendments

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  • 8.7 Direct Business

    • 8.7.1

      A Trading Member may only execute Direct Business that is:—

      (1) at least:—
      (a) 50,000 units of securities or futures contracts, or in the case of Marginable Futures Contracts, 50,000 units of the underlying; or
      (b) $150,000 in terms of contract value;
      (2) a book-out trade from an error account to remedy an error; or
      (3) to complete a customer's order that was partially filled in the market, provided the original order met the minimum size in Rule 8.7.1(1) above.

      Amended on 3 April 2008, 23 January 2009 and 8 October 2018.

    • 8.7.2

      Direct Business may be transacted between:—

      (1) 2 Trading Members;
      (2) 2 customers of a Trading Member; or
      (3) a Trading Member and its customer.

    • 8.7.3

      SGX-ST may vary the size or value of trades under this Rule.

    • 8.7.4

      Direct Business must be reported through the married trade reporting system of the Trading System under Rule 8.7.5. The price, quantity, counterparty, and other details as required under Rule 8A.3.1 must be reported.

      Amended on 3 April 2008 and 11 March 2013.

    • 8.7.5

      Direct Business must be reported within 10 minutes of execution save that Direct Business executed after market close must be reported in the first 20 minutes of the Opening Routine on the following Market Day.

      Amended on 7 June 2010 and 13 November 2017.

    • 8.7.6

      SGX-ST may suspend Direct Business on any or all securities or futures contracts. SGX-ST may specify conditions under which Direct Business is permitted for securities or futures contracts.

      Amended on 3 April 2008 and 8 October 2018.