The Singapore Exchange (SGX) has adjusted its derivatives market to better suit international investors, as it continues to position its market as the gateway to Asia for overseas firms.
From 30 August, SGX will extend the trading hours for its derivatives market to 02.00 from 01.00 currently. The exchange also plans to shorten the trading break between the T session close and the start of the pre-open of the T+1 session for trading SGX Nikkei 225 index and SGX MSCI Taiwan index products to 30 minutes.
“The new hours of the exchange will allow customers to better manage their positions in response to news and market movements during the European and North American trading hours,” said Janice Kan, senior vice president, derivatives at SGX.
SGX has also launched a public consultation to help it shape the contract specifications for the upcoming listing of the SGX EURO STOXX 50 index futures and options contracts.
The consultation paper details the rationale and proposed contract specifications for the new products.
According to SGX, as its market opens before the European markets, investors who trade in SGX EURO STOXX 50 index futures and options will benefit from being able to respond earlier to relevant European developments occurring outside of European trading hours.