MarketAxess Asia Pacific Market Rules

Updated on: May 14, 2025

Latest Event


  • May 2025 Updated Rulebook
  • On May 9, 2025, MarketAxess published an updated version of the RMO MTF rulebook, in order to add RFQ-hub Segment and and make related amendments.
  • The updated version is effective from Jun. 11, 2025.

On Dec. 7, MarketAxess updated the RMO market rulebook.

  • MarketAxess published the new RMO Market Rulebook, effective Jan. 2024, in both clean and marked-up versions to assist users to identify the large number of changes.
  • Follows MarketAxess Dec. 2022 Singapore issued RMO market rulebook, see #156311.
  • Overview
  • MarketAxess is recognized by SIN MAS as a recognized market operator (RMO) under Securities and Futures Act (SFA) to operate a financial market on which professional investors, accredited investors and expert investors may all trade eligible instruments.
  • These rules are publicly available on the MarketAxess website and are supplemental to the agreement entered into by each participant, and each participant’s access to and use of the Market shall be governed by both the applicable agreement and these rules.
  • The rules shall prevail over any terms and notices available on MarketAxess interface.
  • An agreement may have provisions to govern both market and non-market business.
  • Unless stated expressly otherwise in the rules, these rules take precedence over any inconsistent terms in the agreement made, to the extent of any such inconsistency.
  • In the event of any conflict between a Rules 1-22 inclusive of this rulebook and the provision of any appendix, it shall be resolved according to the order of priority, first the provisions of the appendix, and then the rules 1-22 inclusive set out in rulebook.
  • For any conflict between the provisions of any appendix with any other appendix, such conflict shall be construed according to the order of priority stated in the appendices.
  • Effectiveness
  • The revisions to the market rulebook will now all come into effect on Jan. 1, 2024.
  • Oct. 2024 Updated Rulebook
  • On Oct. 22, 2024, MarketAxess published the revised RMO Market Rulebook which is effective from Nov. 1, 2024, and makes amendments regarding rules 7.6 and 11.1.
  • Addition of rule 7.6 related to securities offerings to Singaporean participants.
  • Amendment to r. 11.1 (hours of operation); changes to scheduled maintenance hours.
  • May 2025 Updated Rulebook
  • On May 9, 2025, MarketAxess published an updated version of the RMO MTF rulebook, in order to add RFQ-hub Segment and and make related amendments.
  • The updated version is effective from Jun. 11, 2025.
Regulators
MarketAxess
Entity Types
B/D; Exch
Reference
RF, PR 5/9/2025; RF, PR, 10/22/2024; RF, PR 12/7/2023; SFA
Functions
Anti-Bribery; Compliance; Financial; Fraud; Legal; Market Conduct; Operations; Reporting; Risk; Technology; Trade Reporting; Trading; Treasury
Countries
Asia Regional; Global Regulator; Singapore
Category
State
N/A
Products
Corporate; Derivatives; Equity; Fixed Income; Issuance/IPO; Securities
Rule Type
Final
Regions
Global
Rule Date
Dec 7, 2023
Effective Date
Jun 11, 2025
Rule ID
193987
Linked to
Reg. Last Update
May 9, 2025
Report Section
International