Market Specific - Singapore. 2 Agenda Exchange Background SGX-ST SGX-DT SICOM

Market Specific - Singapore

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Agenda

• Exchange Background

• SGX-ST

• SGX-DT

• SICOM

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• Exchange Background

– Singapore Exchange (SGX)• Securities Trading (SGX-ST)• Derivatives Trading (SGX-DT)• Exchange website

http://www.sgx.com/wps/portal/marketplace/mp-en/home

– Singapore Commodity Exchange (SICOM)• Exchange website

http://www.sicom.net/



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Market Specific - Singapore• SGX-ST: <SG/EQUITY>, <SI/MENU>

main traded instruments:

– Equities e.g. <SIAL.SI>

– Warrants e.g. <GDCS_t.SI>, <COMI_ta.SI>

– Rights e.g. <MDVT_r.SI>

– Preference Shares <FRCR_p.SI>

– Exchange Traded Funds <DMKO.SI>,<LNFU.SI>

– Convertible Loans <WEASd.SI>

– Real Estate Investment Trust <SUNTa.SI>,<TRCT.SI>

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• SGX-ST Full Quote RIC Rule – Ordinary shares: 4 alphabetical RIC root + .SI

– RIC does not follow exchange stock code. It is based on the company name, and assigned by ETI team

– For different brokerage characters used, refer to <SG/CHAR1>

Reference Data

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• How to verify SGX-ST RIC from exchange website?– There is no way to verify RIC from the website.

– But the exchange stock code (local code) is supported on FID 78

E,g. <SIAL.SI> - official stock code is C6L

– Exchange website for ISIN and stock code verification:

http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/isin_code_download

– The file is updated once a day at around 10:15 SST.



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Market Specific - Singapore• How do we verify ISIN code for SGX-ST RICs?

– FID 1056 – ISIN code – When there is a change in ISIN code and/or local code only,

there will be no change in the RIC code, unless the company name also changes

– ISIN code file from exchange, daily update– http://www.sgx.com/wps/portal/marketplace/mp-en/liste

d_companies_info/isin_code_download



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• SGX-ST RIC search if ISIN, company name or stock code/local code provided:

- Search ISIN, company name or stock code/local code in “Reuters Search”

- If the RIC cannot be found on “Reuters Search”, check add/drop page based on instrument type via <SG/CHANGE1>

- If the RIC cannot be found on add/drop page, check exchange website to see if status of the instrument is PL (Pending Listing): http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/isin_code_download

- For some instruments that are PL, and for the instruments cannot be found on the above link, need to contact production team for proposed RIC

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• When does the ETI team create a SGX-ST RIC for a new stock?– Based on the exchange notification (official source)

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• Practice: SGX-ST RIC search

SGX local code KI3

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• SGX-ST Trading Calendar and Trading Hours- Holidays Speedguide: <SGX/HOLIDAY> via <SG/HOLIDAY>

- Trading Hours: <SG/EXCH2>, <SG/FAQ01> - <SG/FAQ02>

- Exchange website:

http://www.sgx.com/wps/portal/marketplace/mp-en/trading_on_sgx/securities_market/securities_trading_hours_and_calendar

• SGX-ST Closing Run <CLOSE/RUN12>

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Market Specific - Singapore• SGX-ST Trading Features

Married Deal• a large block of shares to be sold, and terms of the sale might be

different from the normal terms of the market (that is, price may be at a discount, earlier or later delivery, and so on). SGX-ST requires that these deals be reported, though not necessarily the price.

• SGX only sends us the Married Deal Volume and does not send prices for married deals; we derive these prices (FID 6) from the previous trade tick

• If the first trade of the day is a married deal, or the only trade of the day is a married deal, there will be no trade price on the TAS.

• Refer to <SG/FAQ03>-04 for more details on Married Deal and <SG/TAS1>-2 for all trade types of SGX-ST

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• Trade Prices - Verify trade prices on exchange website

To access price information, navigate from homepage at http://www.sgx.com/wps/portal/marketplace/mp-en/home, by clicking the "Prices, Indices, Statistics" tab on the left menu.

e.g. Stocks delayed prices: http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/securities/stocks

e.g. Stocks historical prices:

http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/historical_prices/securities




http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/securities/stocks

http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/securities/stocks



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• Market Depth– levels of market depth data

– e.g. <0#SIAL.SI>

– e.g. <DSIAL.SI>

Practice: what kind of data does <D02SIAL.SI> display?

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• SGX-ST FID list

Customer Zone FAQ 1043646 – https://customers.reuters.com/a/KnowledgeCentre/Resolu

tion.aspx?id=1043646

– Refer to <FIELDLIST01> -02

https://customers.reuters.com/a/KnowledgeCentre/Resolution.aspx?id=1043646


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• Indices <SG/INDICES1>– Benchmark index <.FTSTI> constituents <0#.FTSTI>.

– <.FTSTI> is computed by FTSE International.

– Please contact BLR_DATA for FTSE indices.

FYI: SGX does not compute indices since early 2008.

– https://customers.reuters.com/a/support/notificationservice/ViewData.aspx?id=DN036561

– https://customers.reuters.com/a/support/notificationservice/ViewData.aspx?id=DN036672

https://customers.reuters.com/a/support/notificationservice/ViewData.aspx?id=DN036561




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Market Specific - Singapore• SGX-DT

– Speedguide <SIM/FUTEX1>: refer to the contract details pages for the trading hours of various contracts e.g. <SIM/STW>

– Holidays: <SX/HOLIDAY>– Exchange website for trading hours and calendar:

http://www.sgx.com/wps/portal/marketplace/mp-en/trading_on_sgx/derivatives_market/derivatives_trading_hours_and_calendar

– Menu page <SX/MENU>– FAQ pages <SX/FAQ01> onwards– FID list: Customer Zone FAQ ID 1088957


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• SGX-DT

• Futures RIC Structure– Composite: RIC root + Month code + year Code

– T session: RIC root + am+ Month code + year Code

– T+1 session: RIC root + pm+ Month code + year Code

– e.g. <STWZ0> <STWamZ0> <STWpmZ0>

• Option RIC Structure– RIC Root + Strike Price + Month Code + Year Code

– e.g. <STW225L0>

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SGX-DT Practice:

1. Please advise strike price and option type (call/put) for <STW225L0>.

2. How to find all the options for SGX-DT MSCI Taiwan Index futures contracts?

3. What are the trading hours of SGX-DT Nikkei 225 futures contracts?

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• <SGX/CLS1>-6– SGX-DT Closing Run Timing

– Settlement price updates at FID 70Considering trading hours for the various futures contract on SGX-DT and

the closing run to understand settlement price update time.

The settlement price is disseminated by the Exchange after the end of the T session. The settlement price is the conclusion of previous day’s T+1 session and the current T session. The data is sent to FID 70 (SETTLE).

For composite and T+1 session RICs such as <STWZ0> and <STWpmZ0> , before the beginning of the new T+1 session, there will be a closing run to clear the pricing data including bid, ask and last, and the settlement price on FID 70 will ripple to FID 21 (HST_CLOSE); while the closing run of T session RICs such as <STWamZ0> is performed before the beginning of the new T session.

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Market Specific - Singapore• Settlement price updates at FID 70 – an example on <0#SEY:>

– 22 Feb 19:50 SST – Beginning of T+1 session– 23 Feb 01:00 SST – End of T+1 Session– 23 Feb 07:20 SST– clearing of FID 3131 and FID 3132 – 23 Feb 07:30 SST – Beginning of T session– 23 Feb 19:05 SST – End of T session– 23 Feb 19:09 SST (approximate time) – Settlement price concluding T+1

and T session received at FID 70– 23 Feb 19:35 SST – Closing run clearing pricing data, data on FID 70

ripples to FID 21 (HST_CLOSE)

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• Pricing verification

- Delayed prices- http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/

derivatives/delayed_prices/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3hnd0cPE3MfAwMLcwNDAyM_f3dHIydPI4NgE6B8JJK8e4i3i4GRubmHl5mPiUGghSkxuk18Ql1DTS2NDSzcAtwMjLyczX1MQwOAhpkR0O2lH5Wek58EdKWfR35uqn5BbmhEpaOiIgD-1mCa/dl3/d3/L2dBISEvZ0FBIS9nQSEh/

- Historical prices (e.g. daily/monthly data, daily settlement)

http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indices_statistics/historical_prices/derivatives/time_sales_data_download/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3hnd0cPE3MfAwMLcwNDAyM_f3dHIydPIwNjU6B8JG55H1OSdLuHeLsYGJmbe3iZ-ZgYBFoQpdvEJ9Q11NTS2MDCLcDNwMjL2dzHNDQAaJgZAd1e-lHpOflJQD_6eeTnpuoX5IaGRlQ6KgIAeP3clQ!!/dl3/d3/L2dBISEvZ0FBIS9nQSEh/

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• SICOM– Speedguide <SIC/FUTEX1>

– Trading Hours: refer to the contract details pages e.g. <SIC/SRU>

– Holidays <SIC/HOLIDAY>

– Closing Run <CLOSE/RUN12>

FYI, exchange website link for Trading hours and Trading calendar:

http://www.sicom.net/index.cfm?GPID=24

http://www.sicom.net/index.cfm?GPID=28

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• SICOM typical questions

– Provides contract details and pricing information for verification


– Example: For RSS3 futures contracts <SRUc1> futures contracts, the quotation is US cents per kilogram, is it correct?

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•Q and A

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• Quiz

• 1. Can I confirm the new RIC for ISIN SG1022911844 for Net Pacific Fin?

• 2. Could you please verify the strike price for local code LT8W on SGX-ST?

• 3. Does FID 32 hold the total volume of all trades for SGX-DT futures?

• 4. Could you please confirm if the settlement price 9440 of <SSIZ0> for 26 July 2010 is correct?

• 5. Why there is no August 2011 contract for RSS3 on the SICOM?


The End

Documents

Market Specific - Singapore. 2 Agenda Exchange Background SGX-ST SGX-DT SICOM