07 Mar '13, 4pm

Singapore Exchange plans to introduce Thai, Philippine futures

Singapore Exchange plans to introduce Thai, Philippine futures

Singapore Exchange Ltd. (SGX) will increase revenue from derivatives 10 percent to 15 percent this year as the operator of Southeast Asia’s biggest bourse introduces more products linked to benchmark stock indexes in the region, President Muthukrishnan Ramaswami said in an interview. The bourse plans to add equity-index futures on the Philippines and Thailand to offerings that include Nikkei 225 Stock Average and Indian contracts, he said. Derivatives account for between 25 percent and 28 percent of total revenue, Ramaswami said. Singapore Exchange, which failed in its bid to buy Australia ’s main bourse two years ago, is focused on Asia and doesn’t want to own venues in the U.S. or Europe, he said. SGX is planning yuan and foreign-exchange futures, as well as commodities contracts as it seeks to become a trading hub, Ramaswami said. An agreement to offer reduced-size Lond...

Full article: http://www.bloomberg.com/news/2013-03-07/singapore-bourse...

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