Macquarie lists the first S&P 500 warrants in Singapore

The index is at an all-time high.

For the first time in Singapore, Macquarie Bank is issuing call and put warrants over the Standard & Poor’s 500, the iconic US stock market index that tracks the largest 500 companies listed on the New York and Nasdaq Stock Exchanges.

The structured warrants started trading on SGX on Monday, 27 June.

“We’re anticipating the S&P500 warrants to be very popular with Singapore investors. Currently index warrants account for more than 80% of the Singapore warrant market turnover, as investors are attracted to the ability to access foreign indices. They can trade the moves in some of the world’s largest stock markets without leaving the SGX,"said Barnaby Matthews, head of derivatives for Macquarie in SEA. 

“With the index trading near all-time highs, and everyone expecting the Federal Reserve to dictate global market trends over the coming year, we expect that there will be interest
from investors in both calls and puts, with some expecting new highs and others trying to profit from a potential correction," he added.