SGX chases regional, derivatives dream with Malaysia contract

Singapore

SINGAPORE Exchange (SGX) is going after its twin ambitions of building a regional gateway and a thriving derivatives market, with a new futures contract linked to the 43-stock MSCI Malaysia Index. The contract begins trading on Feb 9.

From SGX's perspective, the product will help it capture what it believes to be growing interest in the region. SGX has sought and received certification that will enable the contract to be directly offered and traded in the United States. This was a key condition that would give the product a leg-up among overseas investo…