Date Issued: 22 December 2005
Date Closed: 12 January 2006
Status: Consultation Closed
SGX RELEASE CONSULTATION PAPER ON NEW TRADING ALGORITHMS FOR SGX ELECTRONIC DERIVATIVES MARKET
Singapore Exchange Ltd (SGX) is inviting public comments on its proposed trading algorithms for SGX Electronic Derivatives Market.
SGX plans to introduce three new trading algorithms in addition to the existing Price/Time
Priority Allocation on the Exchange’s electronic trading platform QUEST-DT. They are:
• Price-point Maker Allocation
• Market Maker Allocation
• Pro-Rata Order and Matching Allocation
The introduction of the new trading algorithms is part of our wider strategy to effect functional enhancements to our electronic platform.
The New algorithms will be introduced initially to the SGX-listed Euroyen (TIBOR) Futures Contract. The new series of algorithms will cater to the changing needs of our market as it becomes more sophisticated in nature. It will allow for more competitive prices, increased market liquidity and wider market participation. The consultation paper sets out the rationale and methodology for each of the new trading algorithms. It will be available on the Exchange’s website at www.sgx.com from 22 December 2005 onwards. Market participants and members of the public can forward their feedback and suggestions on the proposed changes between tomorrow and 12 January 2005 via:
| Post/Courier: | The Central Depository (Pte) Limited
4 Shenton Way, #02-01,
SGX Centre2,
Singapore 068807 |
| Attn: | Sim Hwee San / Janice Kan
Products & Services Group |
| Fax: | (65) 6534 1415 |
| SGX Consultation Paper - 22 December 2005 |
| Title | (In PDF) |
| Consultation on New Trading Alogrithms for SGX Derivatives Market | |
| 
