The Singapore Exchange (SGX) has launched a new index business where it plans to build custom indices for asset managers in Asia.
SGX Index Edge will allow the exchange to capitalise on the growing demand for customised index-linked investment opportunities across the region.
SGX has been conducting a beta launch on a series of futures-based indices tailored for product issuers of Exchange-Traded Notes (ETNs), OTC (Over-the-Counter) products and retail structured products since October 2014.
The Access Asia suite of 60 indices are distributed through SGX’s network of brokers, data vendors, independent software vendors, other exchanges and trading firms.
“As Asia’s most international exchange and a leading market infrastructure for investors across Asia, we are in a unique position to develop Asia-focused index capabilities, as a natural extension of SGX’s existing suite of products and services,” said Loh Boon Chye, Chief Executive Officer of SGX.
The launch of SGX Index Edge demonstrates our ability to continually innovate to position SGX strongly for the long-term as we look towards becoming the pan-Asian index provider of choice.”