More SGX derivatives at hand from Q3

INVESTORS will soon have more Asian currency futures and index options to trade from the third quarter of the year.

Singapore Exchange (SGX) said yesterday that it was adding a new set of Asian currency futures comprising the renminbi, yen and baht to its suite of foreign exchange futures. It will also launch SGX FTSE China A50 Index options to cater to the risk management needs of global investors.

The introduction of more Asian forex futures comes on the heels of six forex futures contracts launched in November last year, which generated over US$1 billion in notional value traded in the four months since the contracts began trading.