SGX to launch single-stock futures on October 26

The Singapore Exchange (SGX) will launch 15 single-stock futures contracts on October 26. The contracts are based on underlying blue chip stocks listed on SGX’s securities market, and include names like Chartered Semiconductor Manufacturing, DBS Group, Singapore Airlines and Singapore Telecom.

“With SGX single-stock futures, institutional and individual investors will have a versatile financial tool to better manage their investments and maximise their profitability by taking advantage of varying market opportunities,” stated Thomas Kloet, chief operating officer at SGX. “The introduction of single-stock futures represents a true synergy of our securities and derivatives markets, and we expect to see increased inter-market trading and hedging activities involving these two markets.”

The futures contracts will be traded electronically on SGX ETS (electronic trading systems) terminals. The terminals are available globally through Bloomberg and GL terminals, as well as via the internet using solutions by software vendors such as Easyscreen, GL Trade and patsystems.