Singapore’s leading financial services broker dealer Phillip Securities has expanded its indices list by including two global contracts: the FBM KLCI MYR10 CFD and the FTSE China A50 Index USD1 CFD.
The indices are offered as CFD’s and are traded on Phillips online trading platform.
Singapore continues to position itself as the financial market place for Far east and South East Asian financial markets.
The two indices provide traders access to the thirty most liquid Malaysian equites as well as China’s top 50 stocks.
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The FTSE Bursa Malaysia KLCI is Malaysia’s headline index which represents the top 30 Malaysian companies by market capitalization. The FTSE China A50 Index comprises the largest 50 A Share companies listed on the Shanghai and Shenzhen Stock Exchanges by full market capitalization.
Singapore has been a financial magnet since the 90′s. Most large US & European banks including ICAP, JP Morgan and Morgan Stanley set up Asian trading headquarters in the country. Singapore’s regulators have been ‘business friendly’ since independence and the country now has a world-class regulatory framework.
The partnership with the FTSE group gives the two indices global recognition as the FTSE brand is recognised across major economies.
Singapore has a mature margin trading environment with both retail and institutional players.
Forexmagnates team have written a detailed report on the state of FX in Singapore, available in the upcoming Q2 quarterly report 2012.