Singapore to Establish Indian Index Options
SGX and National Stock Exchange of India (NSE) have partnered to enhance offshore investors' access to the Indian economy. The Nifty Options add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants. SGX, an offshore market for Asian equity derivatives, accounts for approximately 25% of Nifty futures trading globally.
In the first 6 months of 2012, SGX Nifty futures traded 7.4 million contracts, averaging daily volume of 59,358 contracts.
Open interest stood at 240,317 contracts as at end June 2012.
Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v have signed up to provide Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent from the start of trading of the Nifty Options. These are BNP Paribas, Optiver Australia, Susquehanna International Group, and Timber Hill.
"We are delighted to bring to international investors Nifty Options, yet another NSE product based on the benchmark Nifty index. Investors coming to SGX will find in the Nifty Options, together with the Nifty futures and Indian ETFs, a convenient and easy way to invest in the Indian economy and manage their risks," said Mr Michael Syn, head of derivatives at SGX.
"As a leading international market making group, Optiver Australia is excited to be at the forefront of the latest SGX product initiative as a market maker. The introduction of Nifty Options on SGX increases the trading opportunities for market participants and is a positive development for the options community. We are confident that Optiver Australia will be a key contributor towards the growth of Nifty Options on SGX," said Mr Daniel Weinberg, Head of Business Development, Asia Pacific, Optiver Australia.
SGX and National Stock Exchange of India (NSE) have partnered to enhance offshore investors' access to the Indian economy. The Nifty Options add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants. SGX, an offshore market for Asian equity derivatives, accounts for approximately 25% of Nifty futures trading globally.
In the first 6 months of 2012, SGX Nifty futures traded 7.4 million contracts, averaging daily volume of 59,358 contracts.
Open interest stood at 240,317 contracts as at end June 2012.
Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v have signed up to provide Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent from the start of trading of the Nifty Options. These are BNP Paribas, Optiver Australia, Susquehanna International Group, and Timber Hill.
"We are delighted to bring to international investors Nifty Options, yet another NSE product based on the benchmark Nifty index. Investors coming to SGX will find in the Nifty Options, together with the Nifty futures and Indian ETFs, a convenient and easy way to invest in the Indian economy and manage their risks," said Mr Michael Syn, head of derivatives at SGX.
"As a leading international market making group, Optiver Australia is excited to be at the forefront of the latest SGX product initiative as a market maker. The introduction of Nifty Options on SGX increases the trading opportunities for market participants and is a positive development for the options community. We are confident that Optiver Australia will be a key contributor towards the growth of Nifty Options on SGX," said Mr Daniel Weinberg, Head of Business Development, Asia Pacific, Optiver Australia.