Trading Rules & Regulations
APEX Trading Rulebook
All APEX trading members and participants are bound by the Asia Pacific Exchange Pte. Ltd. Trading Rulebook (the Trading Rules) and must ensure compliance with the Rules.
APEX Trading Rulebook.pdf (with effect from 16 October 2018)
Chapter 1 sets out the definitions and rules of construction that are applicable to the entire Trading Rules. In particular, Rule 103 dictates, inter alia, that the Trading Rules should be interpreted and given effect in the manner which is most conducive to the status of the Exchange as an approved exchange under the Securities and Futures Act (Cap. 289) of Singapore.
Chapter 2 sets out the general overarching provisions to the Clearing Rules such as the power of the Clearing House to delegate its powers under the Clearing Rules, governing law and jurisdiction, confidentiality and data usage, etc. The Exchange has the power to amend the Trading Rules from time to time.
Chapter 3 sets out matters relating to trading membership such as the membership requirements of the Exchange and the obligations of the members of the Exchange.
Chapter 4 sets out, inter alia, the compliance duties of all members, member’s traders and member’s representatives and what constitutes prohibited activities under the Trading Rules.
Chapter 5 sets out the disciplinary powers of the Exchange and the procedure for disciplinary actions by the Exchange.
Chapter 6 sets out the dispute resolution clause for any dispute arising out of the Trading Rules.
Chapter 7 sets out the provisions in relation to the contracts that are traded on the Exchange, including the types of contracts listed on the Exchange, contract months and contract dates, business days and trading hours, and the regulation of such contracts by the Exchange.
Chapter 8 sets out the provisions relating to trading on the Exchange, such as those relating to entering of orders on the trading platform, the applicability of the Asia Pacific Exchange Pte Ltd. Trading Procedures, the powers of the Exchange in relation to trading, etc.
Chapter 9 sets out the provisions relating to position limits of the contracts traded on the Exchange and accountability levels required of the members of the Exchange when trading.