SGX launches hubs in Chicago and London

These international hubs are the first by an Asian bourse.

Singapore Exchange expects to begin operating the hubs in Chicago and London once pre-trade risk controls at the exchange level in the derivatives market are made available to participants in April.

SGX said the pre-trade risk controls are in line with the Futures Industry Association’s recommendation for exchange-hosted risk controls.

“By connecting to SGX’s hubs, global investors can access the world’s biggest offshore market for Asian equity futures. These include the China A50 futures, the only offshore futures for China’s domestic A-share market,” noted the bourse.

According to SGX, the international hubs are part of the exchange’s S$250 million technology initiative to deliver the best access to fast-growing Asian economies.

Hong Kong and Tokyo are being considered as the next locations for SGX’s hubs.