SGX to launch Singapore Single Stock Futures in June; signs MSCI Singapore licence agreement

SINGAPORE (June 2): Singapore Exchange (SGX) will be launching 10 Singapore Single Stock Futures (SSFs) to meet growing client demand for more Singapore-linked equities products.The SSFs, which include underlying securities such as Comfortdelgro, DBS, Genting, Keppel, OCBC, Singtel, Thai Beverage, UOB, Wilmar, and Yangzijiang Shipbuilding, will be released on June 15, SGX said in a statement on Tuesday.Most of these securities are also SGX MSCI Singapore Free Index (SiMSCI) stocks.See also: SGX sticks to multi-asset push as MSCI ditches Singapore to cast its lot with Hong KongRecently, index trading activities between SGX’s cash equities market and SiMSCI futures reached a record high of almost $650 million in a single day.In the same statement, SGX also announced the signing of a license agreement with MSCI Singapore to list four products including SiMSCI futures, options, and net total return contracts. These will continue to be listed on SGX after February 2021.“We integrated our cash equities and equity derivatives businesses a year ago, to form a single expanded platform capable of scaling product and service innovation for our clients. Our Singapore franchise is at the heart of SGX’s pan-Asian access offering and with these latest developments, we are well on track to broaden the continuum of our equities shelf,” says Michael Syn, head of equities at SGX.SGX shares closed 14 cents higher, or 1.7% up, at $8.42 on Monday, prior to the announcement.

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