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March 26,2013

Regulatory Announcements - SGX consults public on new FX futures contracts

26 March 2013

SGX consults public on new FX futures contracts

Singapore Exchange (SGX) is consulting the public on its four proposed foreign exchange (FX) futures contracts, namely the US dollar/Singapore dollar, Indian rupee/US dollar, Australian dollar/US dollar and Australian dollar/Japanese yen pairs.

These cash-settled FX futures contracts will be traded on and cleared by SGX.

SGX seeks the views of the public and market participants on the following proposals:

    Position Limits – The position limit for each FX futures contract will be 10,000 contracts net on the same side of the market and in all contract months combined.
    Price Limits – In line with the underlying over-the-counter FX markets and the practices of other exchanges, these contracts will have no price limits unless SGX prescribes them. This allows free price movements in response to market developments and information.
    Termination of trading – The last trading day for the FX futures contracts will be two business days prior to the third Wednesday of the contract expiry month, except for the Indian rupee/US dollar futures. For Indian rupee/US dollar futures, the last trading day will be two business days prior to the last business day of the contract expiry month.
    Final Settlement Price – The suite of FX futures contracts will be settled in cash based on proven and widely-accepted methodology.

SGX targets to introduce the new suite of FX futures contracts in the third quarter of 2013.

The consultation paper is available on SGX’s website at from today. Market participants and members of the public can submit their comments and suggestions from today until 16 April 2013 via email and either by post/courier or fax to:
Email: and
Post/Courier:     Singapore Exchange
2 Shenton Way, SGX Centre 1
#19-00, SIngapore 068804
Attn:     Audrey Wong
Regulatory Development & Policy
Fax:     +65 6534 2207


About Singapore Exchange (SGX)

Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most internationalised exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity futures, centred on Asia’s three largest economies – China, India and Japan.

In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia’s pioneering central clearing house. Headquartered in Asia’s most globalised city, and centred within the AAA strength and stability of Singapore’s island nation, SGX is a peerless Asian counterparty for the clearing of financial and commodity products.

For more information, please visit


Media Contacts

Carolyn Lim
Tel: (65) 6236 8139


Loh Wei Ling
Tel: (65) 6236 8157


Singapore Exchange Limited
Company Reg No. 199904940D

2 Shenton Way, #19-00 SGX Centre 1, Singapore 068804
Main: (65) 6236 8888    Fax: (65) 6535 6994

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