Singapore Exchange will launch Chinese currency futures in Q3 this year, along with A50 index options
Singapore Exchange (SGX) will
launch Chinese currency futures and index options later this
year, in a bid to boost its position as an offshore gateway
into China, writes Joe Parsons.
The exchange will go live with
renminbi (RMB) futures and FTSE China A50 index options in the
third quarter of 2014.
The latest initiatives will
strengthen SGXs position against local rival Hong Kong
Exchanges and Clearing (HKEx) as both seek to become the
gateway of choice into Chinas lucrative derivatives
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