Singapore Exchange (SGX) is increasing its derivatives trading hours for contracts with T+1 sessions to accommodate growing international demand for Asian equity derivatives.
The extension, which will be implemented from 11 January 2010, will allow traders to execute derivatives on SGX until 01.00 Singapore time of the following day.
“With the longer hours, traders will be able to respond to market movements and manage their risk on SGX across global time zones, including after the close of European equity markets,” said Janice Kan, senior vice president and head of product development at SGX, in a statement. “As we continue to develop the global appeal of our Asian derivatives contracts, this extension reflects our commitment to meeting the needs of international customers.”
Contracts which will benefit from the extended trading hours include the SGX Nikkei 225, SGX MSCI Taiwan, SGX MSCI Singapore and SGX S&P CNX Nifty (India) index futures, which have received US Commodity Futures Trading Commission no-action letters for offer and sale in the US.