Market Specific - Singapore. 2 Agenda Exchange Background SGX-ST SGX-DT SICOM.
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Transcript of Market Specific - Singapore. 2 Agenda Exchange Background SGX-ST SGX-DT SICOM.
Market Specific - Singapore
2
Market Specific - Singapore
Agenda
• Exchange Background
• SGX-ST
• SGX-DT
• SICOM
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Market Specific - Singapore
• 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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Market Specific - Singapore
• 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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Market Specific - Singapore
• 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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Market Specific - Singapore
• 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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Market Specific - Singapore
• Practice: SGX-ST RIC search
SGX local code KI3
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Market Specific - Singapore
• 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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Market Specific - Singapore
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Market Specific - Singapore
• 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
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Market Specific - Singapore
• 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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Market Specific - Singapore
• SGX-ST FID list
Customer Zone FAQ 1043646 – https://customers.reuters.com/a/KnowledgeCentre/Resolu
tion.aspx?id=1043646
– Refer to <FIELDLIST01> -02
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Market Specific - Singapore
• 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
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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
https://customers.reuters.com/a/KnowledgeCentre/Resolution.aspx?id=1088957
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Market Specific - Singapore
• 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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Market Specific - Singapore
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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Market Specific - Singapore
• <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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Market Specific - Singapore
• 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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Market Specific - Singapore
• 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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Market Specific - Singapore
• SICOM typical questions
– Provides contract details and pricing information for verification
http://www.sicom.net/
– Example: For RSS3 futures contracts <SRUc1> futures contracts, the quotation is US cents per kilogram, is it correct?
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Market Specific - Singapore
•Q and A
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Market Specific - Singapore
• 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?
Market Specific - Singapore
The End