SGX’s negotiated-large-trade appendices display schedules effective from 26 October 2026. The current parent notice is Regulatory Notice 2.1.3A(4); 4.1.11. It should be read with the applicable appendices rather than with historical versions of the parent notice.[1][2][3]
Selected volume thresholds
| Item | Detail |
|---|---|
| Micro Nikkei 225 futures | 50 lotsSource 2 |
| Nikkei 225 futures and options | 5 lots eachSource 2 |
| MSCI Singapore futures / options | 50 / 25 lotsSource 2 |
| NSE IFSC Nifty 50 futures / options | 50 / 25 lotsSource 2 |
| SGX AUD/JPY and AUD/USD futures | 50 lots eachSource 2 |
Selected NLT price increments
| Item | Detail |
|---|---|
| Micro Nikkei 225 futures | 0.01 index point, versus 2.5 market tickSource 3 |
| Nikkei 225 futures | 0.01 index point, versus 5 market tickSource 3 |
| NSE IFSC Nifty 50 futures | 0.01 index point, versus 0.5 market tickSource 3 |
The current notice requires registration under the Clearing Rules, customer approval for NLT execution and separate records of beneficial ownership where relevant. Members cannot combine sub-threshold orders from different customers merely to reach the minimum. Standard clearing fees and a special facility charge apply.[1]
The operational implication is to identify the precise contract and trade structure before checking eligibility. A lot threshold cannot be treated as a universal monetary minimum. Old examples, registration timing provisions and historical fee figures must not be carried forward without checking the current rule that governs them.[1][2][3]
Sources & further reading
- Current Regulatory Notice 2.1.3A(4); 4.1.11: negotiated large trades SGX Rulebooks · Accessed 27 Oct 2026
- Appendix A: NLT volume thresholds SGX Rulebooks · Accessed 27 Oct 2026
- Appendix B: NLT minimum tick schedule SGX Rulebooks · Accessed 27 Oct 2026