Published On: Thu, Mar 6th, 2014

SGX Asian Index Futures Contracts Gain CTFC approval

Michael Syn, Head of Derivatives at SGX

Michael Syn, Head of Derivatives at SGX

Singapore Exchange (SGX) is pleased that U.S. investors can now trade its latest suite of Asian index futures with ease:

  • SGX MSCI Thailand Index Futures
  • SGX-PSE MSCI Philippines Index Futures
  • SGX MSCI India Index Futures
  • SGX’s newest three index futures contracts, which are based on the MSCI Thailand IndexSM, the MSCI Philippines IndexSM and the MSCI India IndexSM have been certified by the U.S. Commodity Futures Trading Commission (CFTC) and can now be directly offered and traded in the U.S. The CFTC certification is a timely complement to SGX’s recognition as the first Asian clearing house to be approved as a Derivatives Clearing Organization by the CFTC.

    The listing of Asian index futures* on SGX offers investors an alternative trading platform to the over-the-counter market, and provides the transparency of an exchange-traded instrument with assurance of central clearing. Since their launch on 25 November 2013, the three new futures contracts have traded a notional value in excess of US$22 million. This strong support by customers underscores SGX’s standing as the trusted and preferred risk management centre in Asia.

    “SGX is one of the most progressive exchanges in Asia and has a track record of success with derivative products, especially in emerging markets. We expect the three new MSCI Futures for Thailand, Philippines and India to appeal to a wide and diverse range of end users, and we are positive about the introduction of these key Asian futures contracts.” said Mr Kevin Ho, Head of Futures, Asia Pacific, Barclays Capital.

    “With the CFTC’s certification, market participants in the U.S. can now confidently trade into emerging Asia’s markets in U.S. dollars. SGX’s comprehensive suite of Asian index futures offers international investors deeper and more extensive reach into 90% of Asia’s economies, providing customers a single point of access with the benefits of efficient portfolio allocation and risk management.” said Mr Michael Syn, Head of Derivatives, SGX.

    * Below is the full list of SGX-listed contracts that have received CFTC approval to-date:
    1. SGX Yen-denominated Nikkei 225 Index Futures & Options
    2. SGX USD-denominated Nikkei 225 Index Futures
    3. SGX Mini Nikkei 225 Index Futures
    4. SGX MSCI Taiwan Index Futures & Options
    5. SGX MSCI Singapore Index Futures & Options
    6. SGX CNX Nifty Index Futures & Options
    7. SGX MSCI Hong Kong+ Index Futures
    8. SGX Fuel Oil 380CST Futures
    9. SGX FTSE China A50 Index Futures
    10. SGX MSCI Asia APEX 50 Index futures
    11. SGX MSCI Indonesia Index Futures
    12. SGX MSCI Thailand Index Futures
    13. SGX-PSE MSCI Philippines Index Futures
    14. SGX MSCI India Index Futures

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