General Announcement::News Release: SGX launches MSCI China Index contracts

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-May-2016 17:37:08
Status
New
Announcement Sub Title
News Release: SGX launches MSCI China Index contracts
Announcement Reference
SG160503OTHR2XA6
Submitted By (Co./ Ind. Name)
Leela Pandit
Designation
Vice President
Effective Date and Time of the event
03/05/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today launched its MSCI China Free Index futures and options contracts. The SGX MSCI China contracts have also been certified by the Commodity Futures Trading Commission (CFTC), enabling U.S. investors to directly trade them from within the U.S.

The contracts are USD denominated and track the MSCI China Free Index SM, which comprises large and mid-cap companies listed outside of mainland China. MSCI China Free Index SM has a broad representation of sectors including financial, information technology and consumer companies. The SGX MSCI China contracts therefore provide international investors with risk management tools linked to the key sectors that are driving China's economic growth today.

Michael Syn, Head of Derivatives at SGX, said, "The SGX MSCI China contracts respond to a growing need for broader risk management, price discovery and benchmarking tools that reflect China's economy today. The CFTC certification of the contracts will enable us to meet U.S. investor demand for access to China's growth opportunity, and further expand our international network."

Theodore Niggli, Asia Head of MSCI Index products, said, "We are delighted that SGX has chosen to introduce options and futures contracts based on the MSCI China Free Index," said Theodore Niggli, Asia Head of MSCI Index Products. "The recent inclusion of US listed Chinese securities into this index has made it more representative of the breadth of the China equity markets."

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