Whole Section

  • 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 20083 April 2008, 23 January 200923 January 2009 and 8 October 20188 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.

    • 8.7.5

      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 20107 June 2010 and 13 November 201713 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 20083 April 2008 and 8 October 20188 October 2018.