Chapter 8 — Trading

Past version: Effective from 16 May 2011 to 30 Jun 2016

Rule Violation Whether composition may be offered Composition Amount which may be Offered by SGX-ST, where SGX-ST has Determined the Trading Member, Approved Executive Director and/or Trading Representative to be Liable Mandatory minimum penalty imposable by the Disciplinary Committee
Rule Chapter/Number Brief Description of Rule Trading Members (or Designated Market Maker, where applicable) Approved Executive Directors Trading Representatives (or Market Making Representative, where applicable)
1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
Chapter 8 — Trading
8.1 Trading
8.1.1 Securities and Futures Contracts to be traded through the Trading System or as otherwise permitted in this Rules Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
8.3 Orders
8.3.4 Trades to be amended from "zero" or "99999" account to a customer account as soon as account code is allocated to the customer Compoundable $500 $1,000 $2,000 $250 $500 $1,000 $250 $500 $1,000 N.A.
8.6 Errors
8.6.2(1) Trading Member who made the error to contact counterparty Trading Member immediately to seek agreement to cancel an error trade. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A. N.A. N.A. N.A.
8.6.2(2) Both Trading Members to take necessary action to minimise any potentail market impact caused by the error trade Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A. N.A. N.A. N.A.
8.6.2(3) Both Trading Members to notify SGX-ST of the error in accordance with the specified requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A. N.A. N.A. N.A.
8.6.7 Requesting Trading Member to pay the trade review fee Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
8.7 Direct Business
8.7.1 Direct Business to be transacted in accordance with the stipulated requirements. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
8.7.5 Direct Business to be reported within the stipulated timelines Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
8.7.6 Compliance with the suspension of Direct Business imposed by SGX-ST Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
8.8 Designated Securities and Futures Contracts
8.8.2 Compliance with any conditions imposed by the Board on dealing in a Designated Security or Designated Futures Contracts. Not Compoundable Not Compoundable $30,000
8.8.3 Trading Member to provide SGX-ST with the particulars of all its dealings in Designated Securities or trades in Designated Futures Contracts and its customers involved within the stipulated timeline. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
8.9 Corner
8.9.2 Compliance with any conditions imposed by the Board on dealing in a cornered security, or a Futures Contract on a cornered security Not Compoundable Not Compoundable $10,000
8.10 Suspension of Trading
8.10.3 Trading Member not to execute transactions in a suspended security or Futures Contracts without SGX-ST's approval. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
8.11 Trading Halts
8.11.7 Trading Member not to execute transactions in a security or Futures Contract subject to a trading halt without SGX-ST's approval. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
8.13 Open Interface Applications
8.13.1 Trading Member to comply with the requirements SGX-ST prescribes. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A. N.A. N.A. N.A.

Added on 16 May 201116 May 2011.