SINGAPORE – The Singapore Exchange (SGX) and FTSE Russell will jointly develop multi-asset index derivatives products focusing on Asian and emerging markets.
The move is part of a long-term partnership agreement with the British provider of stock market indices and associated data services signed on Thursday (Aug 20), said the SGX.
It added that the pact will deepen their long-term partnership to deliver new Asian multi-asset solutions, noting: "The core products will be anchored around FTSE Russell's global benchmark indices for fixed income, listed real estate, global equities and currencies."
The move comes after MSCI said in May that it would move licensing for derivatives products on some indexes from Singapore to Hong Kong.
A month later the SGX launched single-stock futures on some companies listed here and disclosed plans to acquire the remaining 80 per cent stake in BidFX, a foreign exchange trading platform.
In July, it announced a partnership with United States exchange Nasdaq to help companies access capital in both markets and a streamlined framework for issuers seeking a secondary listing on the SGX.
US President Donald Trump ordered an end to Hong Kong's special status with the US last month and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city.
The SGX said on Thursday that the need for high-quality access to Asia has become increasingly pertinent given the region's idiosyncratic risks exacerbated by geopolitical uncertainty.
SGX chief executive Loh Boon Chye told a virtual briefing: "Together with FTSE Russell, we have built one of the largest and most liquid FTSE equity index derivatives franchises for Asian markets. WitRead More – Source