US Certifies SGX's Asian Index Futures

By Editorial 11 March, 2014

The Singapore Stock Exchange announced on March 5, 2013 that investors from the United States can now trade its latest suite of Asian index futures.

The newest three index futures contracts offered by SGX – SGX MSCI Thailand Index Futures, SGX-PSE MSCI Philippines Index Futures and SGX MSCI India Index Futures – have been certified by the US Commodity Futures Trading Commission (CFTC) and can now be directly offered and traded in the US.

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 November 25, 2013, the three new futures contracts have traded a notional value in excess of USD22m.

"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 Kevin Ho, Head of Futures, Asia Pacific, Barclays Capital.

"With the CFTC's certification, market participants in the US can now confidently trade into emerging Asia's markets in US dollars. SGX's comprehensive suite of Asian index futures offers international investors deeper and more extensive reach into 90 percent 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.

Tags: Asia Pacific | Investment | India | Philippines | Singapore | Thailand | Stock Exchanges | United States | Trade | Expats |


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