Asia-Pacific market structure and regulation: Hong Kong, Singapore, Japan, India, Australia and beyond.
Consultation conclusions set out a three-layer plan covering evening free-of-payment runs, real-time settlement instruction APIs and industry working groups. Southbound Stock Connect will move to T+1 as well.
Clearing, payments and registry functions are now in industry testing. ASX is considering moving some Drop 5 scope into Drop 6 and has named the TMX–Cboe deal as a readiness risk.
The products, Eurex's first on Asian underlyings, start with ten Nikkei 225 names and trade 21 hours a day. They are aimed at bilateral equity-swap financing in yen and dollars.
Minimum trading sizes drop from 100 to 10 units for stocks priced above S$10, and to a single unit above S$100. The stocks affected made up 35% of first-half trading.
The 215th board meeting approved a formula-based settlement framework with Wells-style pre-notices, broader FPI access to non-agricultural commodity contracts, and deemed accredited-investor status for non-residents.
