SGX pioneers interest rate derivatives on Japan repo

Singapore

THE Singapore Exchange (SGX) is launching Asia's first total return futures (TRF) on May 13, in line with its focus on futurised derivatives.

The listed SGX Nikkei 225 Index TRF enables investors to replicate the full economics, including the payout profile, of standard Nikkei 225 Index total return swaps, which are currently transacted over-the-counter.