Empowering you to trade Asian markets with confidence
Titan provides a solid foundation to meet the increasing market liquidity needs for the world’s
most liquid offshore market for the benchmark equity indices of China, India, Japan, ASEAN
and leading exchange for iron ore and rubber. Titan delivers the ability to support increased
number of products, participants and volumes in conjunction with greater throughput for the
trading and clearing engines to cater for the growing interest in Asian markets.
Titan brings many enhancements and new features to our members and participants including extended trading hours, enhanced risk controls and system safeguards to help market participants manage their trading and clearing positions on a round-the-clock basis.
Key Highlights
- Market Connectivity
Trading participants may access the SGX derivatives trading engine via: i) Titan ITCH and OUCH, a direct multicast data feed and a low level native protocol supporting asynchronous order entry. ii) Our proprietary Titan OMnet API. iii) Combination of the two. These options deliver predictable and deterministic latency for trading on the SGX derivatives market. Connectivity to the trading platform can be via our co-location, managed network service, offshore hubs or approved network service providers. SGX co-location facilities provides access to SGX Titan at unparalleled speed and efficiency. - Extended Trading Hours
SGX derivatives market will have the longest trading hours in Asia commencing at the start of the Asian trading day and continuing through the European hours into covering the U.S. close, throughout the year. With the first contract pre-opening at 6.45am and the end of day T+1 session closing at 4.45am the following day, Singapore time, Titan offers up to 22 hours of near seamless trading with the T to T+1 session transition reduced to 5-15 mins to minimize gapping risk. - Self Trade Prevention
Self Trade Prevention can be used by trading participants to avoid unintentional internal trading by preventing participant’s orders from executing against each other. Trading participants may also benefit from reduced programing complexity in their trading strategies to avoid infringements by self-trading. This feature may be set at either the participant or API user level. - Enhanced Pre-Trade Risk Controls (PTRC)
Aligned to the global recommendations of the Futures Industry Association, PTRC is now integrated into the trading engine for greater stability and performance. PTRC is available for trading participants at a firm or API user level and Clearing Members at an account or group of accounts level. - Mass Quote Protection
Mass Quote Protection can be used to limit exposure across a market (e.g. SGX Nikkei 225 Index Futures and Options) by setting thresholds which will apply immediately at the trading engine. This feature allows Market Makers to manage their risk exposure more effectively and gain confidence to quote with greater quantity, better spread or both. This will improve the trading conditions of other participants, improving the overall market for the product. - Other Trading Safeguards
Cancel on Disconnect – Trading participants can elect how they would like their resting orders treated for each API user when either voluntarily or involuntarily logged out. There are options to keep all orders, remove day only or remove all (day and Good Till).
Drop Copy – Provides trading and clearing members with a consolidated view of trades and orders to help them constantly monitor and manage their activity. Retrievable Error Trade Price Range (ETPR) – SGX will provide the ETPR over broadcast to avoid risk of trading outside the error trade price range. - Increased Margin Efficiencies
The introduction of tiered inter-commodity spreads will allow for more accurate risk netting effects against different maturity points of different contracts e.g. Nikkei Dividend vs Nikkei 225. This coupled with broader inter-commodity spreads across the different country complexes e.g. China, India and Japan will bring higher capital efficiencies for participants.