, Singapore

SGX inks MSCI Singapore license agreement

It will also launch 10 Singapore Single Stock Futures products.

Singapore Exchange (SGX) has signed a license agreement with MSCI Singapore to list four products, including SGX MSCI Singapore Free Index (SiMSCI) futures, options and net total return contracts, which will continue to be listed on SGX after February 2021.

Also read: SGX plunges most in 17 years as MSCI signs pact with HKEX

Furthermore, it also announced that it will launch 10 Singapore single stock futures (SSFs) on 15 June, in response to growing client demand for a broader suite of Singapore-linked equities products.

The list of underlying securities for the SSFs are ComfortDelGgro, DBS, Genting, Keppel, OCBC, Singtel, Thai Beverage, UOB, Wilmar and Yangzijiang Shipbuilding. Most of these securities are also SGX MSCI Singapore Free Index (SiMSCI) stocks.

“We integrated our cash equities and equity derivatives businesses a year ago, to form a single expanded platform capable of scaling product and service innovation for our clients,” said Michael Syn, head of equities at SGX said.

SGX noted that the index trading activities between the SGX cash equities market and the SiMSCI futures reached a record high of almost $650m in a single day in the past few months.

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