
SGX Malaysia Futures registers first day turnover of $10.8m
Demand arose from a diverse group of international participants.
SGX MSCI Malaysia Index Futures commenced trading today, registering a first day turnover of US$8 million or S$10.8m.
Trading was robust with demand arising from a diverse group of international participants including financial institutions such as Credit Suisse and Macquarie.
According to SGX, with the addition of SGX MSCI Malaysia Index Futures, SGX has the widest range of Southeast Asia derivatives products in Asia, providing investors an integrated and efficient access to the top 5 largest economies in Southeast Asia.
The cross product margin offsets between these contracts further enhance capital efficiency, allowing more effective risk management across these 5 major economies.
Southeast Asia is one of the most rapidly-growing economic regions in the world with an estimated growth rate of 6.4% in 2015. The robust growth in the region is expected to accelerate demand for more comprehensive and internationally accessible derivatives products to meet investors’ needs.