Singapore Exchange (SGX) launched its FTSE Xinhua China
index futures contract on 5 September beating Shanghai's new
financial derivatives exchange which was to be ceremonially
launched on 8 September, despite a legal challenge from
Shanghai Stock Exchange (SSE) against the index provider.
First day volume was 212 lots but Thomas Tey, SGX's head of
international products, told FO Week he was optimistic
for the contract's prospects.
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