SGX, Macquarie find nothing wrong

Singapore

THE Singapore Exchange and Macquarie Capital Securities (Singapore) Pte Ltd (MCSSPL) have found nothing amiss after investigating a recent complaint by a group of professional traders about MCSSPL's market-making for its Hang Seng Index (HSI) structured warrants.

SGX's senior vice-president and head of securities Jenny Chiam said on Monday that "during the period in question, Macquarie's market-making spreads and minimum quote sizes in HSI warrants are in line with the product terms as stated in its publicly available term sheets".