Singapore & Boca Raton, 11 March 2010
Singapore Exchange ( SGX) announces additions to its membership network and fast-growing product suite, tapping on the rising global interest in Asian equities, derivatives and commodities. At a briefing to international media at the FIA Conference in Boca Raton, USA, SGX CEO Magnus Bocker said, “As part of the Asian gateway network, our new members would be excellent conduit for their global clients looking for Asian theme products. SGX is committed to provide efficient and direct market access, and to work closely with all our members in the distribution of our Asian theme products.”• Extends membership to 7 key global players, including first Indian brokerage
• Launches gold deferred settlement contract, Nifty options, STOXX futures & options on futures contracts
• Deepens collaboration with India’s National Stock Exchange (NSE)
“Today, we have a comprehensive suite of securities and derivatives products for our international investors. More choices can be expected in due course, as we explore other asset classes such as Asian equities derivatives and fixed income. We also have plans to broaden our OTC clearing services to include interest rate swaps and foreign exchange forwards; and strengthen our commodities product spread.”
“With the increasing demand for OTC products to be exchange-traded and growing investors’ appetite to trade Asian commodities products, it is timely for us to launch the SICOM Gold Deferred Settlement contract, our second commodity contract for the year, this month,” added Mr Bocker.
SICOM Gold Deferred Settlement contract (SICOM Gold) will commence trading on 30 March 2010. It is a unique contract that allows investors to gain exposure to the international spot gold price without having to handle any physical delivery of gold nor payment of the full notional contract value.
This announcement follows earlier joint-releases on further collaboration with India’s NSE and the India Index Services & Products Limited (IISL) to introduce a series of options based on India S&P CNX Nifty Index (Nifty) and related products such as CNX Nifty Junior, CNX 100 and CNX Midcap indices. This is a significant step in strengthening our Indian portfolio, facilitating access for our investors into the India market, one of Asia’s largest economies.
Separately, SGX and Stoxx Ltd. (STOXX) have announced an agreement they have signed to list Dow Jones EURO STOXX 50® Index futures and options on futures contracts on SGX.
Ends --
www.sgx.com





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