Singapore’s stock exchange to partner FTSE Russell for derivatives offerings after MSCI moves futures to Hong Kong
- SGX to develop Asian and emerging markets-focused derivatives offerings with FTSE Russell
- Partnership agreement comes nearly three months since MSCI said it would move 37 futures and options contracts to Hong Kong’s stock exchange
The new partnership builds on existing FTSE Russell offerings on the Singapore bourse, which include index futures on the FTSE China A50 and the city’s benchmark FTSE Straits Times Index. The SGX began offering FTSE Taiwan index futures in July and plans to launch real estate investment trust futures tied to the FTSE EPRA Nareit Asia ex-Japan REITs Index at a later date.
“We’re really excited to expand our relationship further,” Jessie Pak, FTSE Russell’s managing director for Asia-Pacific, said. “Our relationship is definitely building on the success and the expertise of both firms where we can provide a world-class solution.”
Pak said the reaction to the Taiwan futures has been positive and the partnership is about meeting demand from clients for additional offerings. She said the agreement does not bar FTSE Russell from working with other bourses in the future, such as the Hong Kong stock exchange.