KGI Securities (Singapore) | SGX Micro FTSE Taiwan Index Futures Contract Specifications

KGI SECURITIES (SINGAPORE) PTE. LTD.

4 SHENTON WAY #13-01
SGX CENTRE 2
SINGAPORE 068807
CO. REG. NO. 195500144H
GST. REG. NO. M200024966

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Product Type	SGX FTSE Taiwan Index Futures
Product Category	Equity Index
Ticker Symbol	TWN (Outright, Strategy Trades), TWNTI (Trade-At-Index-Close)
Contract Size	US$40 x SGX FTSE Taiwan Index Futures Price
Minimum Price Fluctuation	Outright: 0.25 index points (US$10), Strategy: 0.25 index point (US$10), NLT: 0.01 index point (US$0.4), Trade-At-Index-Close: 0.05 index point (US$2)
Contract Months	2 nearest serial months and 12 quarterly months on March, June, September and December cycle.
Trading Hours (Singapore Time)	T Session Pre-Opening: 8.30 am - 8.43 am Non-Cancel: 8.43 am - 8.45 am Opening: 8.45 am - 1.45 pm Pre-Closing: 1.45 pm - 1.49 pm Non-Cancel: 1.49 pm - 1.50 pm T + 1 Session Pre - Opening: 1.55 pm - 1.58 pm Non - Cancel: 1.58 pm - 2.00 pm Opening: 2.00 pm - 5.15 am
Trading Hours on Last Day	Same as T Session trading hours
Last Trading Day	The Last Trading Day shall be the second last Taiwan Business Day of the Contract Month.
Daily Price Limits	Whenever the Initial Price Limits are reached, i.e. the price moves by 10% in either direction from the previous day’s Daily Settlement Price (“DSP”), a Cooling Off Period is triggered where trading within the Initial Price Limits shall continue for a period of ten minutes. After the Cooling Off Period is over, the Final Price Limits, i.e the price moves by 15% in either direction from the previous day’s DSP, come into effect and shall apply for the rest of the trading day. No trades are allowed to take place at prices beyond the Final Price Limits. There shall be no price limits on the Last Trading Day for the expiring contract.
Settlement Basis	Cash settlement
Final Settlement Price	The Final Settlement Price shall be the average of the FTSE Taiwan RIC Capped Index values on the Last Trading Day taken at 1-minute intervals during the last 25 minutes of trading on the FTSE Taiwan RIC Capped Index preceding the commencement of the closing auction session, and the closing index value. The Final Settlement Price shall be rounded to two decimal places.
Position Accountability / Position Limit	Position limit is not applicable to this contract. However, a person owning or controlling more than 10,000 contracts net long or net short in all contract months combined, or such position as the Exchange may prescribe from time to time with prior notification, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable.
Negotiated Large Trade	Minimum 50 lots
Underlying Index Bloomberg Ticker	FTCRTWRP Index
Underlying Index Refinitiv Ticker	.FTFTCRTWNT
Bloomberg Ticker Code	Outright, Strategy Trades:: TWTA <Index> Trade-At-Index-Close : TATA<INDEX>
Refinitiv Ticker Code	Outright, Strategy Trades: 0#STWN: (Combined session) 0#STWNam: (T Session) 0#STWNpm: (T+1 Session) Trade-At-Index-Close : 0#STWNTI: (Combined session) 0#STWNTIam: (T Session) 0#STWNTIpm: (T+1 Session)
Price Information (Vendor: Ticker)	Outright, Strategy Trades: Trading Technologies Ticker Symbol : TWN Market Prizm Ticker Symbol : TWN Combined Session : TWNmyy Activ Financial Ticker Symbol : TWN Six Financial Ticker Symbol : TWNmyy T Session : TWNmyy,344 T+1 Session : TWNmyy,812 CQG Ticker Symbol : TWN Trade-At-Index-Close: Activ Financial Ticker Symbol : TWNTI Combined Session: TWNTImyy Six Financial Ticker Symbol : TWNTI T Session : TWNmyy_TAIC, 344 T+1 Session : TWNmyy_TAIC, 812 CQG Ticker Symbol : TWNTI Colt Technology Services Ticker Symbol : TWNTI Combined Session: TWNTImyy

Product Type	SGX FTSE Taiwan Index Options
Product Category	Equity Index
Ticker Symbol	Calls - CTWN , Puts - PTWN
Contract Size	1 lot of SGX FTSE Taiwan Index Futures
Minimum Price Fluctuation	0.05 index points (US$2)
Contract Months	2 nearest serial months and 4 quarterly months on March, June, September, and December cycle
Trading Hours (Singapore Time)	T Session Order Cancellation : 8.30 am - 8.45 am Opening : 8.45 am - 1.50 pm T + 1 Session Order Cancellation : 1.55 pm - 2.00 pm Opening : 2.00 pm - 5.15 am
Trading Hours on Last Day	Same as T Session trading hours
Last Trading Day	The Last Trading Day shall be the second last Taiwan Business Day of the Contract Month
Daily Price Limits	Save for trading on the Last Trading Day of an Option Contract, trading in an Option Contract shall be halted when the Initial Price Limits applicable to the Futures Contract are triggered, for the duration of the Cooling Off Period applicable to the Futures Contract.
Settlement Basis	Cash settlement. In-the-money options will be automatically exercised on expiry into SGX FTSE Taiwan Index Futures (“futures contract”) positions, which will then be cash-settled based on the final settlement price methodology of the futures contract.
Position Accountability / Position Limit	Position limit is not applicable to this contract. However, a person owning or controlling more than 10,000 contracts net long or net short in all SGX FTSE Taiwan Index Futures and Options contract months combined, or such position as the Exchange may prescribe from time to time with prior notification, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable.
Negotiated Large Trade	Minimum 50 lots
Underlying Index Bloomberg Ticker	FTCRTWRP Index
Underlying Index Refinitiv Ticker	.FTFTCRTWNT
Bloomberg Ticker Code	TWTA <Index> OMON
Refinitiv Ticker Code	0#STWN+
Strike Price Intervals	10 index point interval across all contract months. The Exchange will list At-the-Money (ATM) strike put and call options and the next fifty exercise prices above and below the ATM strike.
Option Exercise	European Style: An option may be exercised by the buyer only at expiry Exercise results in a long SGX FTSE Taiwan Index futures position, which corresponds with the option's contract month, for a call buyer or a put seller, and a short SGX FTSE Taiwan Index futures position for a put buyer and a call seller. An option that is in-the-money and has not been liquidated or exercised prior to the termination of trading shall be exercised automatically.

SGX FTSE Taiwan Index Futures and Options

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