Singapore's bourse operator to expand derivatives offerings under new MSCI deal

MSCI Inc. Class A

MSCI Inc. Class A

MSCI

0.00

- Singapore Exchange SGXL.SI said on Thursday it has signed a new licensing agreement with global index provider MSCI MSCI.N, in a bid to scale up its derivatives offerings.

Here are some details from the exchange:

  • The deal will see Singapore's bourse operator introducing up to 100 new derivatives contracts.

  • The initial phase comprises around 40 futures and options contracts, spanning MSCI's flagship global developed-market benchmarks, key Asia-Pacific single-country indexes, and Emerging Market Asia sector indexes.

  • The expansion is intended to broaden SGX's equities derivatives franchise beyond the exchange's existing access to key Asian exposures, to also include global, regional and sector-specific exposures investors use to allocate capital and manage risk.

  • "As portfolios are increasingly managed across regions, themes and benchmark suites, our comprehensive MSCI suite gives investors a broader platform to manage global equity risk through one trusted venue," SGX CEO Loh Boon Chye said.

  • Early this week, the exchange also said it would introduce depository receipts for Elon Musk's SpaceX <SPCX.O>, ride-hailing firm Grab <GRAB.O>, and tech conglomerate Sea <SE.N>