PRODUCTS

PRODUCTS

  • FTSE China A50 Index Future
  • SICOM Rubber TSR20 Futures
SGX FTSE China A50 Index Futures is the world’s only offshore futures tracking the China A-share market. The contract acts as a hedging tool for product issuers, an investment tool for investors who lack onshore access or as an arbitrage tool for traders between related products and onshore equities.

Tracking the performance of the largest 50 ‘A’ shares companies in China, the underlying FTSE China A50 index is highly correlated with the SSE50 and CSI300 indices. Investors can use the SGX FTSE China A50 Index Futures contract with the USD/CNH and CNY/USD FX Futures contracts to comprehensively manage Chinese equity and currency exposures.

Available for trading on all Chinese onshore trading days, the SGX FTSE China A50 Index Futures offer investors up to 16.5 hours of trading to manage their Chinese A-shares risk across Asian, European and U.S. time zones.




Exchange (web link) Singapore Exchange (http://www.sgx.com/)
Product Type and  Category Futures , Equity Index
Ticker Symbol  CN
Contract Size US$1 * SGX FTSE China A50 Index Futures Price
Minimum Price Fluctuation 2.5 index point(US$2.5)
Trading Hours(Singapore Time)             

T Session:
Pre - Opening: 8.45 am - 8.58 am
Non - Cancel: 8.58 am - 9.00 am
Opening: 9.00 am - 3.55 pm
Pre - Closing: 3.55 pm - 3.59 pm
Non - Cancel: 3.59 pm - 4.00 pm

T + 1 Session:
Pre - Opening: 4.30 pm - 4.38 pm
Non - Cancel: 4.38 pm - 4.40 pm
Opening: 4.40 pm - 2.00 am
Pre - Closing: NA
Non - Cancel: NA

Contract Month 2 nearest serial months and Mar, Jun, Sep and Dec months on 1-year cycle.
Trading Hours on Last Day 9.00 am - 4.00 pm
Daily Price Limits

±10% and ±15% from previous day’s settlement price (10 minutes cooling off period when limit is reached).

Thereafter no price limits for rest of the day. No price limits for expiring contract on its Last Trading Day.


Settlement Basis
   Cash settlement
Final Settlement Price
The Final Settlement Price shall be the official closing price of FTSE China A50 Index rounded to the nearest 2 decimal places.
Position Limit
A person shall not own or control more than 15,000 contracts net long or net short in all Contract Months combined, unless otherwise separately approved by the Exchange.

Natural rubber is a processed material obtained from the latex of Hevea Brasiliensis trees and may be used to manufacture different grades of rubber.  Technically Specified Rubber (TSR)  is liquid latex which has been allowed to congeal naturally and reformed into blocks that can be used in tyre manufacturing.  Ribbed Smoked Sheet (RSS) is liquid latex rolled into sheets and put through a smoking process. 

Worldwide consumption for natural rubber has increased steadily in the recent decade and the Asian story continues to drive demand for the raw material. 

With over 80 years of trading heritage, the SICOM market is recognised as  the world's price discovery centre for natural rubber and synonymous with providing the pricing standard for the rubber industry globally.  SGX offers two SICOM Rubber Futures - RSS3 and TSR20 to provide market participants with a reliable pricing basis as a point of reference for their physical cargo and to manage price risks.  SGX remains committed to serve as a pricing benchmark for regional and global producers, traders and consumers






Exchange (web link) Singapore Exchange (http://www.sgx.com/)
Ticker Symbol TF
Contract Size 5 metric tonnes
Quality Specifications Meets the prevailing technical specifications for technically specified rubber 20 (TSR20) of the relevant country in which SICOM Approved Factories are located.
Minimum Price Fluctuation 0.1 US cent per kg
Contract Months     12 consecutive months                    

 

Delivery Units 20.16 metric tonnes of TSR20 manufactured from rubber produced from the Hevea Brasiliensis trees by factories approved by SICOM from time to time and shall be packed in accordance with SICOM's prevailing shrink-wrap packing specifications.
Quotation US cents per kg
Tick Value US$5.00           

 


Trading Hours(Sinagpore Time)
   

Electronic Trading: 7.55 am - 6.00 pm
Negotiated Large Trade (e-NLT): 7.00 am - 6.30 pm
Late charges will incur for trades keyed 30 minutes after market closed

Pre - Opening: 7.45 am – 7.53 am
Non - Cancel: 7.53 am – 7.55 am
Opening: 7.55 am – 6.00 pm


Last Trading Day
Last day of trading of the month preceding the Delivery Month.
Daily Price Limits
If the price of any contract month moves 10% above or below the previous day's settlement price, it will trigger a 15 minutes Cooling Off Period during which trading may only take place at or between the Upper Limit and Lower Limit.
After the termination of the Cooling Off Period, there shall be no price limits for the remainder of the trading hours for the day

CONTACT US

Okachi (Malaysia) Sdn. Bhd.

Level 8, Pavilion KL,
168, Jalan Bukit Bintang,
55100 Kuala Lumpur.

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