The exchange also reported a jump in FTSE China A50 Index Futures DAV and FTSE Taiwan Index Futures DAV with 485,141 contracts and 104,415 contracts in February, respectively. SGX also registered a surge in its commodities business. Forward freight agreement (FFA) traded volume surged 80% YoY with 150,601 contracts. Petrochemical derivatives and Paraxylene traded volumes…
Read more
The SGX FIRST (Future in Reshaping Sustainability Together) initiative was announced in December. It is a multi-pronged expansion of the exchange’s sustainability capabilities and supports the introduction of new ESG-focused products, services and platforms. Michael Syn, Head of Equities at SGX, commented: Our leadership in developing a pan-Asia shelf of benchmark equity derivatives has placed…
Read more
Singapore Exchange (SGX) just announced that it has launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. Both new features (SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures) will be listed with 12 consecutive contract…
Read more
Singapore Exchange Regulation (SGX RegCo) is making its monitoring and regulating system more effective with the use of artificial intelligence (AI) improvements. Introducing AI in regulation can help single out unusual trading activities through analysis of historical data and avoiding noise from developments between the financial markets. Thus, the regulatory agency can focus on smaller…
Read more
Singapore Exchange (SGX) keeps reporting record volumes, as international investors seek trading opportunities in Asia. The heightened activity is not that unexpected, as the FX industry moves toward the final stages of regulatory reforms for uncleared OTC derivatives. Interest in SGX’s suite of Asian currencies continues to grow, with record US$1.3 trillion changing hands in…
Read more
Singapore Exchange (SGX) has just announced that it has acquired a 20% stake, by investing $25 million, in TradingScreen’s BidFX - a specialized trading platform for global FX markets, launched back in 2017. This investment will allow SGX to offer its Asian FX futures alongside BidFX’s OTC products, bringing together both pools of liquidity. BidFX…
Read more
Singapore Exchange (SGX) has announced that it will sign Memorandums of Understanding (MOUs) with Zhejiang (S) Entrepreneurs Association (ZJEA) and China Futures Association (CFA), in an effort to further strengthen ties with China as part of its multi-asset, international growth strategy. The signing ceremonies will take place tonight at a gala dinner in Beijing to…
Read more
Singapore Exchange (SGX) has just welcomed MeGroup Ltd. to its Catalist under the stock code “SJY”. MeGroup Ltd. manufactures noise, vibration and harshness (“NVH”) components and other non-NVH components primarily for the automotive industry in Malaysia. It is an approved supplier of Malaysian manufacturers of the Honda, Perodua, Mazda and Proton brands of automobiles. It…
Read more
Singapore Exchange (SGX) has just welcomed the listing of Phillip SING Income ETF, an income-focused exchange-traded fund (ETF) offering investors access to a diverse basket of quality Singapore stocks. Launched by Phillip Capital, who is also the issuer of Phillip SGX APAC Dividend Leaders REIT ETF and Lion-Phillip S-REIT ETF, this fund aims to track…
Read more
Singapore Exchange (SGX) has welcomed the listing of T2023-S$ Temasek Bond, the first Temasek Bond that is open to retail investors in Singapore. The retail bond was issued by Temasek Holdings (Private) Limited (“Temasek”)’s wholly-owned subsidiary, Temasek Financial (IV) Private Limited, under its S$5 billion Guaranteed Medium Term Note Programme. The new five-year T2023-S$ Temasek…
Read more