SGX forex futures launch signals market evolution
SGX is launching a new suite of Asian currency futures as a complement to its large Asian equity futures products, cementing its place as a forex trading centre for Asian currencies
The Singapore Exchange (SGX) is reattempting a launch of its Asian currency futures offering after its predecessor the Singapore International Monetary Exchange failed to attract interest to its first currency futures offering on the dollar, the pound and the Deutschmark in 1984.
According to Nick Ronalds, managing director and head of equities at the Asian Securities Industry and Financial Markets Association (Asifma), the Asian foreign exchange futures market has historically been challenging
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