Amendments to Futures Trading Rules – TWD Futures Tick Size and Volume Threshold Restructure

SGX RegCo amended Futures Trading Rules for TWD/USD futures (both full-sized and micro contracts) to reduce minimum tick sizes and update minimum volume thresholds for Negotiated Large Trades. The tick size for full-sized SGX TWD/USD futures contracts is halved from US$0.0050 to US$0.0025 per 1,000 TW$ (reducing the per-contract cost from US$15 to US$7.50), while micro futures tick sizes are set at US$0.0001 per 1,000 TW$ (US$0.30 per contract). Appendix A to Regulatory Notice 4.1.8 and Appendix A/B to Regulatory Notice 4.1.11 are updated accordingly.

Affected parties including SGX member firms, proprietary traders, and participants in the TWD/USD futures market should ensure trading systems, pricing algorithms, and risk models reflect the new tick schedule before the 20 April 2026 effective date. The reduced tick sizes will lower transaction costs for small negotiated trades but may increase quoting granularity requirements for market makers.