CBOE expands Asian reach with Singapore approval

Singaporean investors will now be able to trade CBOE's VIX futures, as the exchange expands its Asian presence. 

CBOE Futures Exchange (CFE) has won regulatory approval to allow Singapore-based trading firms to trade on the exchange.

The Monetary Authority of Singapore (MAS) granted the CFE to become a Registered Market Operator (RMO), allow local investors to access its volatility index futures market directly.

The approval marks a significant expansion in CBOE’s capabilities in Asia after it extended trading hours in VIX products to include Asian time zones.

In June, CFE received regulatory approval to have VIX futures designated as an eligible foreign futures contract for Taiwanese investors.

“Singapore is the gateway to the Asian investment community, and the country has worked to establish itself as a key futures trading hub.  Expanding customer outreach in the region and providing Asian customers with new opportunities to trade our products is a top priority for CFE and CBOE,” said Andy Lowenthal, senior vice president, business development, CBOE.

CBOE says it plans to seek jurisdictional approval in more Asian countries as it continues to expand its global reach.