The Singapore Exchange’s FTSE Xinhua China A50 future has soared in popularity over the past four months and could become “absolutely huge”, according to one head of futures in Singapore.
The product was launched in 2006 but has failed to
trade well until now. It offers exposure to
China’s 'A’ share market and was the
first contract of its kind to be traded outside
Critically, SGX did not impose harsh restrictions on the
types of trading firms that could participate.
SGX secured its deal to licence the FTSE Xinhua index in
July 2006 and futures based on it were immediately listed for
The index tracks the 50 largest 'A’ shares by
market capitalisation on the Shanghai and Shenzhen stock
exchanges. The contract is open to all traders, not just local
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