SGX to roll out 13 equity futures

These will be launched in August and September.

Singapore Exchange (SGX) will expand its Asian equity derivatives by launching 13 Asia Ex-Japan and Emerging Markets (EM) Asia regional and single country futures, a press release stated. These are based on net total return (NTR) and price return indices calculated by FTSE Russell.

The new futures offer benchmarks including Indonesia, Malaysia, Philippines, Taiwan, Thailand and Vietnam, which aims to meet increasing demand for institutional-grade exchange solutions in Asia.

These newest NTR products seek to extend SGX’s strong customer adoption of the MSCI index series to the FTSE Russell index series, the press release said. There are approximately $21.96t (US$16t) in reported fund assets under management (AUM) tracking FTSE Russell benchmarks.

The latest contracts are expected to be certified by the Commodity Futures Trading Commission (CFTC), enabling US investors to trade them directly from within the US.

The SGX FTSE Equity Net Total Return (NTR) Index Futures will be launched on 24 August. These are the SGX FTSE Asia ex-Japan NTR (USD) Index Futures, SGX FTSE Emerging Market Asia NTR (USD) Index Futures, SGX FTSE Malaysia NTR (USD) Index Futures, SGX FTSE Philippines NTR (USD) Index Futures, SGX FTSE Taiwan NTR (USD) Index Futures, and the SGX FTSE Thailand NTR (USD) Index Futures.

As for the SGX FTSE Equity Price Return Index Futures (denominated in USD), those slated to launch in mid-September include the following SGX FTSE Asia ex-Japan Index Futures, SGX FTSE Emerging Market Asia Index Futures, SGX FTSE Indonesia Index Futures, SGX FTSE Malaysia Index Futures, SGX FTSE Philippines Index Futures, SGX FTSE Thailand Index Futures, and the SGX FTSE Vietnam 30 Index Futures.