Singapore's bourse operator to expand derivatives offerings under new MSCI deal
Singapore's bourse operator to expand derivatives offerings under new MSCI deal July 23 (Reuters) - Singapore Exchange SGXL.SI said on Thursday it has signed a new licensing agreement with global index provider MSCI MSCI.N, in a bid to scale up its derivatives offerings.
Here are some details from the exchange:
The deal will see Singapore's bourse operator introducing up to 100 new derivatives contracts.
The initial phase comprises around 40 futures and options contracts, spanning MSCI's flagship global developed-market benchmarks, key Asia-Pacific single-country indexes, and Emerging Market Asia sector indexes.
The expansion is intended to broaden SGX's equities derivatives franchise beyond the exchange's existing access to key Asian exposures, to also include global, regional and sector-specific exposures investors use to allocate capital and manage risk.
"As portfolios are increasingly managed across regions, themes and benchmark suites, our comprehensive MSCI suite gives investors a broader platform to manage global equity risk through one trusted venue," SGX CEO Loh Boon Chye said.
Early this week, the exchange also said it would introduce depository receipts for Elon Musk's SpaceX <SPCX.O>, ride-hailing firm Grab <GRAB.O>, and tech conglomerate Sea <SE.N>
(Reporting by Shruti Agarwal in Bengaluru; Editing by Harikrishnan Nair)
((Shruti.Agarwal@thomsonreuters.com;))
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