Off Market Trading

The only exception to the requirement for trades to be executed on SYCOM are futures contracts which are registered by means of a Block Trade or as an Exchange for Physical (EFP) transaction.

SFE's Block Trade Facility (BTF) is an entirely off-market (i.e. non-SYCOM®) trading facility, that will enable SFE and NZX Futures and Options Participants (or their clients) to bilaterally arrange large volume transactions away from the SYCOM® market.

The BTF has been introduced to offer certainty of price and immediacy of execution in the transaction of large orders. The BTF will facilitate greater market efficiency through increased liquidity, improved execution quality and lower market transaction costs for large orders. See the SFE Bulletin for full details of the BTF rules and thresholds.