SGX expands FX footprint with new Asian currency future

Singapore Exchange (SGX) will add new Asian currency futures contracts on the Taiwanese dollar (TWD/USD) and Renminbi crosses (SGD/CNH, CNY/SGD, EUR/CNH) to expand its current suite of foreign exchange (FX) futures in the third quarter of 2015, subject to regulatory approval.

First Published by e-Forex News: April, 2015

Magnus Bocker

Magnus Bocker

Singapore Exchange (SGX) will add new Asian currency futures contracts on the Taiwanese dollar (TWD/USD) and Renminbi crosses (SGD/CNH, CNY/SGD, EUR/CNH) to expand its current suite of foreign exchange (FX) futures in the third quarter of 2015, subject to regulatory approval.  This is in line with global G20 regulatory reforms in the over-the-counter (OTC) derivatives sector to encourage trading on electronic platforms and exchanges, if appropriate. “Global market participants can continue to draw on SGX’s unique platform to fulfil their investment needs and effectively manage their Asia-wide exposures across multiple asset classes in the Asian time zone.  We remain focused on product innovations and strategic partnerships to push new grounds in the Asian FX markets,” said Magnus Böcker, CEO of SGX.