Singapore Exchange (SGX Group), in partnership with the Brazilian stock exchange B3, has launched Brazilian Real (BRL) futures, marking a significant milestone in SGX Group’s expansion into emerging markets currency derivatives beyond Asia.
This strategic collaboration draws on SGX Group’s strong FX ecosystem to broaden global participation in BRL futures, deepen liquidity during Asian trading hours, and cultivate a vibrant, accessible currency derivatives market for South America’s largest economy.
Michael Syn, President, SGX Group, said, “SGX Group is building new bridges across more markets. Together with B3, we have established an FX linkage that brings BRL futures to SGX and into the Asian trading day. We are providing liquidity during Asian hours when the Brazilian market is closed for trading, giving global investors a seamless tool to manage BRL exposure around the clock. As interest in Brazilian markets grows, this launch is a meaningful step in SGX Group’s strategy to offer diverse and globally relevant investment opportunities.”
