Singapore Exchange: To Discontinue MSCI Equity Index Futures, Options Contract From Feb 2021
May 26 2020 - 8:32PM
Dow Jones News
By P.R. Venkat
Singapore Exchange Ltd. said Wednesday it will gradually
discontinue the MSCI Inc.'s equity index futures and options
contracts on its exchange from next year.
The move comes on the back of a decision between the two
companies to let SGX's licence agreement with MSCI expire in
February 2021, the Singapore market regulator said.
"While this may have a near-term impact on our equities
derivatives open interest, our multi-asset portfolio shelf has
reached a critical mass," SGX Chief Executive Loh Boon Chye
said.
SGX's track record in derivatives positions it to refresh and
grow a suite of pan-Asian access products in a new direction, he
said.
MSCI Singapore futures and options will, however, remain listed
on the local bourse, SGX said.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
May 26, 2020 20:17 ET (00:17 GMT)
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