Singapore, May 22, 2012 - (ACN Newswire) - Singapore Exchange's (SGX) MSCI Indonesia Index Futures will begin trading from 11 June 2012.
The world's first offshore Indonesian equity futures, the new contract is based on the MSCI Indonesia Index which is a widely followed Indonesian benchmark for institutional investors.
Indonesia's GDP grew 6.3% for the first quarter of 2012, the second highest growth rate in Asia after China.
"SGX currently offers the widest suite of Asian equity index derivatives. We are confident that the SGXMSCI Indonesia Index Futures provides a unique value proposition to regional and international investors from both portfolio and risk management perspectives," said Mr Michael Syn, Head of Derivatives at SGX.
SGX has signed up three market makers: Barclays, Credit Suisse and Optiver to provide both on screen and off screen liquidity.
"Credit Suisse is very pleased to be supporting SGX in the development of its MSCI Indonesia Index Futures as one of the pioneer market makers. We believe there is great growth potential for these futures based on the Indonesian market given the strong demand for exposure to Indonesia and the need for a robust hedging instrument.
"With the inclusion of another key Asian economy in its product suite,SGX is clearly strengthening its position as an Asian Gateway, providing efficient and convenient access to regional markets," said Mr Manuel Schlabbers, Head of Index and ETF Trading, Asia, Credit Suisse.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com.
Source: Singapore Exchange (SGX)
Contact:
Copyright 2012 ACN Newswire. All rights reserved.
The world's first offshore Indonesian equity futures, the new contract is based on the MSCI Indonesia Index which is a widely followed Indonesian benchmark for institutional investors.
Indonesia's GDP grew 6.3% for the first quarter of 2012, the second highest growth rate in Asia after China.
"SGX currently offers the widest suite of Asian equity index derivatives. We are confident that the SGXMSCI Indonesia Index Futures provides a unique value proposition to regional and international investors from both portfolio and risk management perspectives," said Mr Michael Syn, Head of Derivatives at SGX.
SGX has signed up three market makers: Barclays, Credit Suisse and Optiver to provide both on screen and off screen liquidity.
"Credit Suisse is very pleased to be supporting SGX in the development of its MSCI Indonesia Index Futures as one of the pioneer market makers. We believe there is great growth potential for these futures based on the Indonesian market given the strong demand for exposure to Indonesia and the need for a robust hedging instrument.
"With the inclusion of another key Asian economy in its product suite,SGX is clearly strengthening its position as an Asian Gateway, providing efficient and convenient access to regional markets," said Mr Manuel Schlabbers, Head of Index and ETF Trading, Asia, Credit Suisse.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com.
Source: Singapore Exchange (SGX)
Contact:
Loh Wei Ling Communications Tel: +65 6236 8157 Email: loh.weiling@sgx.com Carolyn Lim Communications Tel: +65 6236 8139 Email: carolyn.lim@sgx.com
Copyright 2012 ACN Newswire. All rights reserved.
© 2012 JCN Newswire
