Singapore legislation
Section 37A
Section 37A
Front-running
(1)
No futures broker shall knowingly buy any futures contract for its own account, an account belonging to a connected person or for an account in which it has an interest (including any account over which it has discretion) when that futures broker has received any order to buy any futures contract of the same type for any other person at the prevailing market price or at the same price and has not executed that order, except in accordance with the business rules and practices of a Futures Exchange or a futures market.
(2)
No futures broker shall knowingly sell any futures contract for its own account, an account belonging to a connected person or for an account in which it has an interest (including any account over which it has discretion) when that futures broker has received any order to sell any futures contract of the same type for any other person at the prevailing market price or at the same price and has not executed that order, except in accordance with the business rules and practices of a Futures Exchange or a futures market.