Sgx Singapore Market News Update : Epic Research Singapore

Singapore Exchange (SGX) said it is adding new Asian foreign exchange (FX) futures contracts on Chinese RMB (USD/CNH, CNY/USD), Japanese Yen (USD/JPY) and Thai Baht (THB/USD).

The new Asian FX contracts will be available for trading from 20 October 2014.

The expanded suite of SGX FX futures offerings is in line with G20 recommendation to encourage trading of derivatives on exchanges or electronic platforms. It will provide an avenue for investors to efficiently manage their Asian currency risks via a transparent, margin-efficient and well-regulated marketplace. 

SGX also said that the Bank of China (BOC) will be the pioneer market-maker for its RMB futures and welcomes BOC as SGX’s first Chinese settlement bank for its derivatives market. This development underpins the partnership agreement signed between SGX and BOC in September last year. 

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