Whole Section

  • 10.5 Selection, Removal and Restrictions on Trading of Marginable Futures Contracts

    • 10.5.1 Nomination of Securities

      SGX-ST may, from time to time, nominate an underlying security for Marginable Futures Contracts. If SGX-ST decides, for any reason, that a security should no longer be an underlying security for Marginable Futures Contracts, SGX-ST shall:

      (a) not list any new Marginable Futures Contract covering that underlying security;
      (b) have the discretion to prohibit Trading Members from opening, or allowing their customers to open, any new position in Marginable Futures Contracts covering that underlying security; and
      (c) have the discretion to direct Trading Members to take action to offset, or require their customers to offset, any existing positions in Marginable Futures Contracts covering that underlying security.

      Added on 3 June 20193 June 2019.

    • 10.5.2 Removal from Quotation and Restriction of Trading before Last Trading Day

      Subject to giving prior notification, SGX-ST may remove any Marginable Futures Contract from quotation before the Last Trading Day if all positions in such Marginable Futures Contract have been offset. If there are positions in such Marginable Futures Contract that are not offset, SGX-ST may require that such positions be cash settled immediately according to the terms as determined by SGX-ST, or restrict trading only to enable those positions to be offset or to the extent that SGX-ST deems such trading to be appropriate in the interests of maintaining a fair and orderly market in such Marginable Futures Contract or in the underlying securities, or otherwise deems advisable in the public interest or for the protection of investors.

      Added on 3 June 20193 June 2019.