Futures Trading Rules
Directive No. 2 — No Trading of selected Connect Contracts through the Connect
| Dates | Cross Reference | Enquiries |
| Issue Date 17 July 2024, amended on 13 October 2025 | Please contact Member Supervision Officers or email asksgx@sgx.com |
1. Trading Prohibition
1.1 Pursuant to Rule 1.10.1 read with Rule 2.1.3 and Rule 2.1.3A, the Exchange directs that until further notice, there shall be no trades executed in the Connect Contracts set out in Appendix A (collectively, the "Selected Connect Contracts"), whether on Members’ House Accounts or Customer Accounts, and whether on the Connect Market or through Negotiated Large Trades.
2. Procedures for Ineligible Trades in the Selected Connect Contracts
2.1 In the event where there is a trade in the Selected Connect Contracts (“Ineligible Trade”) notwithstanding paragraph 1.1, the relevant Members shall fully cooperate with the Connect Broker and/or the Exchange in the management of these positions, which include their cancellation or liquidation. A Member shall be required to take such necessary steps to facilitate the management of such Ineligible Trades and shall similarly ensure that its customer(s) comply with any directions by the Exchange in this regard.
2.2 Neither the Exchange nor the Connect Broker shall be liable for any loss or damage (directly or indirectly) that may be suffered by Members and/or their customers as a result of any Ineligible Trades, including any action taken by the Connect Broker or the Exchange to cancel or liquidate such Ineligible Trades.
2.3 The Exchange shall have the right at all times to take disciplinary actions against the Member, Approved Trader or Registered Representative for a breach of the provisions of this Directive.
Added on 17 July 2024, and amended on 13 October 2025.
Appendix A to Directive No. 2
Selected Connect Contracts
S/no. | Contract |
1 | NSE IFSC Nifty Next 50 Index Futures and Options |
2 | NSE IFSC Nifty Midcap Select Index Futures and Options |
3 | NSE IFSC Nifty 50 Index Options except for those that are listed with the Last Trading Day on a Tuesday |
Added on 13 October 2025.
Directive No. 3 — Trading Restriction for SGX Cryptocurrency Futures Contracts
Future Version: Effective from 24 Nov 2025
| Dates | Cross Reference | Enquiries |
Issue Date
Effective date 24 November 2025 | Please contact Member Supervision:--
Facsimile No: 6538 8273 E-Mail Address: membersup@sgx.com |
1. The Exchange has launched the SGX Bitcoin Perpetual Futures Contract and SGX Ethereum Perpetual Futures Contract (collectively, the “Crypto Futures”) which are futures contracts with cryptocurrency underlying (Bitcoin and Ethereum respectively). The Crypto Futures are intended for investors that are Accredited Investors, Expert Investors, or Institutional Investors.^
2. Pursuant to Rule 1.10.1, the Exchange directs that Members restrict trading of the Crypto Futures by Customers based in Singapore only to those Customers that are Accredited Investors, Expert Investors, or Institutional Investors. This restriction applies whether the trading is done on the Trading System or through Negotiated Large Trades.
3. A Member must ensure that necessary controls and processes are in place to effect the restriction set out in paragraph 2.
4. Pursuant to Rule 7.2.1, the Exchange has the right to take disciplinary actions against a Member, any of its Approved Traders, and/or any of its Registered Representatives for a breach of any of the provisions in this Directive.
^ The terms “Accredited Investors”, “Expert Investors” and “Institutional Investors” have the meaning ascribed to them under the Act.
Added on 24 November 2025.