EXCHANGE Operations Daily FX Rates This section provides a list of daily exchange rates. Date: 19/04/2024 SOD (6:10am) Currency Pair Rate USD/SGD 1.3617 USD/CNH 7.2487 ITD (12:15pm) Currency Pair Rate USD/SGD 1.3628 USD/CNH 7.2481 EOD...
Operational Cut-Off Time
EXCHANGEOperationsOperational Cut-Off Time Please note the following various cut-off timings for different functions. Please note the following various cut-off timings for different functions: 0630 - 0530 (next day) Clearing System Access 1000...
Clearing Cycles
EXCHANGEOperationsClearing Cycles At each clearing cycle, trades and positions are marked-to-market and margin requirements are re-calculated. For each given Trading Day, there are 2 routine clearing cycles and ad-hoc clearing cycle. Type of Clearing...
Default Management
EXCHANGERisk ManagementDefault ManagementAPEX Clear has in place default management plans and procedures to govern the processes that apply to Members in the event of a Clearing Member default. These procedures are regularly tested to facilitate...
Guaranty Fund Structure
EXCHANGERisk ManagementGuaranty Fund StructureIn order to preserve the integrity of the Clearing House in the event of member default, a Guaranty Fund is set up to cover the potential losses that may arise from members’ default. The Guaranty Fund is...
Margin Methodology
EXCHANGERisk ManagementMargin MethodologyClearing Members are required to post Margins with APEX Clear to protect the Clearing House from potential financial liabilities and obligations arising from the open positions held under a defaulting Clearing...
Funding Rate
EXCHANGETrading Related InformationFunding RateFUNDING RATE METHODOLOGY FOR APEX BITCOIN PERPETUAL FUTURES CONTRACT Funding Interval Funding occurs at the end of each Trading Session (T Session & T+1 Session). Participants will only be liable...
Block Trade Minimum Volume Threshold
EXCHANGETrading Related InformationBlock Trade Minimum Volume Threshold This section outlines APEX block trade Minimum Volume Thresholds for various products. Product MVT (lot) RBD Palm Olein Futures 20 USD/CNH Futures 200 Crude Palm Oil...
Dynamic Price Band
EXCHANGETrading Related InformationDynamic Price Band APEX implements the Dynamic Price Band mechanism that validates the prices of all orders. 1. Range of Dynamic Price Band for each product Please refer to the table below: Contract Range USD/CNH...
Price Median Methodology
EXCHANGETrading Related InformationPrice Median Methodology APEX adopts the 3-Price Median Methodology to determine the resulting price of a trade matched in its central order book. 1. What is the trade price algorithm that APEX adopts? APEX adopts...