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SGX to hike derivatives member fees as much as 10-fold from January

First revision in 15 years aligns fees to growth in membership value, says SGX spokeswoman

Published Sun, Dec 10, 2017 · 09:50 PM
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Singapore

THE Singapore Exchange (SGX) will drastically hike membership fees for derivatives trading members in 2018, in some cases as much as 10 times, The Business Times has learnt.

Membership fees for a proprietary trading member with direct market access to fast data feeds, for example, will go up from S$2,000 a year to S$25,000 a year from 2018. The new fees take effect on Jan 2.

The fee hikes, the first in 15 years, will affect a few hundred derivatives members, based on numbers provided by an SGX spokeswoman. They only affect derivatives members, not securities ones.

BT saw a circular on the changes which went out last week.

"In the past 15 years where SGX has allowed membership fees to remain unchanged, SGX's volume has…

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