SGX Adds Five New Asian FX Futures Contracts to Existing Offering
- The Singapore Exchange (SGX) is bolstering its existing FX offering by adding a series of new Asian FX futures contracts, including USD/CNH, CNY/USD, USD/JPY, and THB/USD.
The Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (SGX) is bolstering its existing FX offering by adding a series of new Asian FX futures contracts, including USD/CNH, CNY/USD, USD/JPY and THB/USD.
The SGX has been relatively quiet in terms of new offerings in 2014, having largely been devoid of moves outside of its partnership with Fidessa back in February. However, the fortification of Asian FX futures contracts offers investors a large degree of exposure to these instruments and regions, including China, Japan and Thailand – these futures contracts are slated to become available from October 20, 2014.
In addition, the SGX has announced that the Bank of China (BOC) will be the inaugural market maker for RMB futures on SGX’s platform, effectively making the BOC the exchange’s first Chinese settlement bank. This is but the second installment of a bourgeoning partnership that began in September 2013 between the SGX and BOC.
According to Magnus Böcker, CEO of SGX, in a recent statement on the new contracts, “Today marks another significant milestone for SGX. FX, as an asset class, is highly complementary to SGX’s Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and commodities franchise. The enhanced SGX Asian FX suite widens the window for even more investors to tap on the growth opportunities across major Asian markets and manage their currency exposures at the same time. The SGX RMB futures complements the range of RMB-denominated investment products in Singapore, and will further boost the growth and deployment of the RMB deposits pool in Singapore.”
The Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (SGX) is bolstering its existing FX offering by adding a series of new Asian FX futures contracts, including USD/CNH, CNY/USD, USD/JPY and THB/USD.
The SGX has been relatively quiet in terms of new offerings in 2014, having largely been devoid of moves outside of its partnership with Fidessa back in February. However, the fortification of Asian FX futures contracts offers investors a large degree of exposure to these instruments and regions, including China, Japan and Thailand – these futures contracts are slated to become available from October 20, 2014.
In addition, the SGX has announced that the Bank of China (BOC) will be the inaugural market maker for RMB futures on SGX’s platform, effectively making the BOC the exchange’s first Chinese settlement bank. This is but the second installment of a bourgeoning partnership that began in September 2013 between the SGX and BOC.
According to Magnus Böcker, CEO of SGX, in a recent statement on the new contracts, “Today marks another significant milestone for SGX. FX, as an asset class, is highly complementary to SGX’s Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and commodities franchise. The enhanced SGX Asian FX suite widens the window for even more investors to tap on the growth opportunities across major Asian markets and manage their currency exposures at the same time. The SGX RMB futures complements the range of RMB-denominated investment products in Singapore, and will further boost the growth and deployment of the RMB deposits pool in Singapore.”