FTT SGX Trading Rules

Question 1

What is the standard settlement cycle for securities traded on SGX?

Accepted Answer

T+2 (trade date plus 2 business days)

Answer

T+1 (trade date plus 1 business day)

Answer

T+3 (trade date plus 3 business days)

Answer

T+0 (same day settlement)

Question 2

Which entity acts as the central counterparty for securities cleared on SGX?

Accepted Answer

The Central Depository (CDP)

Answer

The Singapore Exchange itself

Answer

The Monetary Authority of Singapore

Answer

Member brokerages

Question 3

What is the 'pre-open routine' on SGX?

Accepted Answer

A period before the market opens where orders are collected and a theoretical opening price is calculated

Answer

The period when brokers review client accounts

Answer

A time when only institutional investors can place orders

Answer

A system maintenance window before trading begins

Question 4

On SGX, the minimum tick size for securities priced between S$1.00 and S$9.99 is:

Accepted Answer

S$0.005 (half a cent)

Answer

S$0.01 (one cent)

Answer

S$0.001 (one tenth of a cent)

Answer

S$0.50 (fifty cents)

Question 5

SGX's circuit breaker mechanism is triggered when:

Accepted Answer

A security's price moves beyond a specified collar threshold from a reference price within a set period

Answer

Trading volume exceeds the daily average by 10 times

Answer

A single order exceeds S$10 million in value

Answer

More than 100 orders are placed in under one minute

Question 6

What does 'direct business' mean on SGX?

Accepted Answer

A trade negotiated between two parties off the exchange order book but reported to SGX

Answer

A transaction conducted entirely within SGX's central electronic order book

Answer

A trade between two subsidiaries of the same company

Answer

A trade executed by SGX on behalf of a member