SGX Rulebooks
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8.10.1

A Trading Member may only execute Direct Business that is:

(a) at least:
(i) 50,000 units of securities or futures contracts, or in the case of Marginable Futures Contracts, 50,000 units of the underlying; or
(ii) S$150,000 in terms of contract value;
(b) a book-out trade from an error account to remedy an error; or
(c) to complete a customer's order that was partially filled in the market, provided the original order met the minimum size in Rule 8.10.1(a) above.

Added on 3 June 20193 June 2019.

8.10.2

Direct Business may be transacted between:

(a) two Trading Members;
(b) two customers of a Trading Member; or
(c) a Trading Member and its customer.

Added on 3 June 20193 June 2019.

8.10.3

SGX-ST may vary the minimum size or value of trades under Rule 8.10.1.

Added on 3 June 20193 June 2019.

8.10.4

Direct Business must be reported through the married trade reporting system of the Trading System. The price, quantity, counterparty and other details as required under Rule 8.7.1 must be reported.

Added on 3 June 20193 June 2019.

8.10.5

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.

Added on 3 June 20193 June 2019.

8.10.6

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.

Added on 3 June 20193 June 2019.