SGX wants to know what you think

SGX is consulting the public on its proposed changes to the reporting and registration of Negotiated Large Trades in the derivatives market.

The proposed changes are: to introduce a new functionality to enable the registration of NLTs through QUEST Application Programming Interface (API); and to extend registration hours on the eNLT system to 8.00 pm (Singapore time) for all SGX-DT contracts.

“As an alternative to the existing eNLT system, the proposed Trade Report API functionality will offer greater convenience to market participants whose order management system already connects to the SGX trading engine via API. At the same time, market participants will continue to retain the current option of registering NLTs via the eNLT system,” said SGX.

SGX intends to implement the proposed changes in the third quarter of 2012.

The consultation paper with details is available on www.sgx.com. Market participants and members of the public can send in their comments and suggestions until 26 March.

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