SGX Group

We were happy to have participated in FOW Trading Singapore 2024 last week. Jeslyn Wong, from our Product Management Derivatives – Equities team, took part in an insightful panel discussion on the Indian derivatives market. It was evident that India remains a focal point, with many eager to explore various access modes into this expansive market, with both cash and derivatives capturing attention. The panelists examined the driving forces and key players that propel India's derivatives market, identifying the major participants who shape this dynamic landscape. Access to India presents certain complexities, and the discussions explored whether the Foreign Portfolio Investor (FPI) route is the ultimate long-term strategy. Additionally, we had the opportunity to showcase SGX's efficient and practical offshore access for foreign investors, along with highlighting the growing traction of our GIFT Connect and India Single Stock Futures (SSFs) among buyside participants. Another insight of the discussion was illuminated from a fellow panelist who shared his unique experience in utilising both onshore and SGX platforms for fund deployment. He asserted that SGX emerges as the preferred choice for funds seeking short-term access without requiring FPI status, while onshore activities tend to lean towards options markets, driven by High-Frequency Trading (HFT) and domestic retail involvement. We extend our gratitude to everyone who joined us and contributed to this vibrant discussion. The dialogue on exploring new opportunities within the Indian market continues to be exciting, and we look forward to further engagements on this subject. Share your thoughts with us! #SGXEquityDerivatives #SGXFX #GIFTConnect #GIFTNifty #IndianDerivatives #DerivativesTrading #FinancialMarkets #FOW #TradingSingapore2024

🚀 We’re delighted to introduce the listing of our new U.S. Daily Leverage Certificates (DLCs) today!   The U.S. Magnificent 7, comprising top-performing technology giants, have been driving market gains globally. Issued by Societe Generale, these newly listed DLCs will allow investors to capitalise on short-term price movements of the Magnificent 7 stocks during Asia hours. The first batch covers Apple, Nvidia, and Tesla, while the second batch, scheduled for listing on 8 October 2024, will cover Microsoft, Alphabet, Amazon, and Meta Platforms.   As we celebrate the forthcoming 7th anniversary of DLCs on SGX Securities this October, we reflect on this remarkable journey of progress and innovation. SGX Securities remains the only venue in Asia offering these unique investment products, with over S$21 billion traded across different issuers. Today, there are 400 outstanding DLCs linked to approximately 60 single stocks and equity indices spanning across key global markets: Singapore, Hong Kong, the U.S., and Japan.   Click the link in the comments to discover more about the U.S. DLCs today.   #SGXSecurities #DLC #DailyLeverageCertificates #Investing #Trading #Magnificent7 #US

🌟 SGX Cares Bull Charge Charity Futsal 2024 — A Heartfelt Thank You! 🌟 The SGX Cares Bull Charge Charity Futsal 2024 was successfully held last weekend. This charitable event wouldn't have been so successful without the support of our sponsors, participants, and supporters. Your contributions and enthusiasm truly brought our vision of #BetterHappensTogether to life. A special thank you to our Guest of Honour, Alvin Tan, Minister of State for the Ministry of Culture, Community and Youth (MCCY) and the Ministry of Trade and Industry (Singapore), for gracing the event with his presence and participating in the Open category. A big shout-out to: 1️⃣ The Parliament team: Ong Ye Kung, Minister for Health; Zaqy Mohamad, Senior Minister of State for Manpower; Desmond Tan, Senior Minister of State in the Prime Minister’s Office; Kiat How Tan, Senior Minister of State for the Ministry of Digital Development and Information and Ministry of National Development Singapore; Mohd Fahmi Aliman, Mayor of Southeast District; Sharael Taha, Member of Parliament; Muhammad Safiy Syafiq. 2️⃣ Singapore Ex-internationals: Richard Wong, Aide Iskandar Bin Sahak, Mohamad Nazri Bin Nasir, Mohammed Dali’s Bin Supait, Malek Awab, Indra Daud, Ho Kwang Hock, Yazid Yasin, Aleksander Duric, Jaslee Hatta. 3️⃣ SPH Media, who played against the #SGXGroup Management team. It was an incredible experience to come together and support a meaningful cause through the game of futsal. On behalf of the organising committee and the beneficiaries, we extend our deepest gratitude to everyone involved in this year's event. We look forward to seeing you again next year. Photos by: Ministry of Culture, Community & Youth (MCCY) and SGX Group #SGXCares #SGXCaresBullCharge #SGXBullCharge #BetterHappensTogether #Singapore

In September, the CNH strengthened against the USD, driven by a significant 50bps cut in the Fed fund target rate and extensive stimulus measures from the People’s Bank of China (PBoC) - Chinese officials reaffirmed their commitment to achieving a 5% economic growth target by rolling out plans to boost household spending and support the real estate sector through further fiscal stimulus. The PBoC’s stimulus also positively impacted Chinese stocks, with the CSI 300 Index rising by 8.5% on September 30th, marking its largest single-day return since 2008. This surge occurred just before the holiday period, bolstered by the PBoC’s new 500 billion Yuan swap facility, designed to provide non-bank financial institutions with easier access to funds for stock purchases. With this hive of activity, our SGX FTSE China A50 Index Futures and SGX USD/CNH Futures both achieved record performances amidst a dynamic economic landscape. The SGX FTSE China A50 Index Futures hit an all-time high with 1.2m lots (US$16bn) in open interest on September 26th, as risk-on sentiment returned to Chinese equities. With the onshore markets closed for Golden Week celebrations, SGX FTSE China A50 Index Futures continues to be the leading venue for price discovery. In the last two days, SGX FTSE China A50 Index Futures registered daily average volume (DAV) of 339k lots (US$ 5B) – 3 times higher than previous years’ Golden Week DAV. Similarly, SGX USD/CNH Futures set a new monthly daily volume record in September, reaching a daily average volume of US$17.4 billion (174,372 lots), representing an 11.68% month-on-month increase from August’s volume record. These achievements underscore SGX's pivotal role as a leading platform for price discovery and risk management in volatile markets. We remain committed to delivering comprehensive solutions that empower investors worldwide. #SGXequityderivatives #SGXFX #FTSE #ChinaA50 #goldenweek #RiskManagement #USDCNH #pboc

Double-digit returns in one week? 👀 The recent stimulus measures announced by the People's Bank of China (PBOC) have led to China equities ETFs listed on SGX Securities delivering a stellar performance to close off the month of September 📈   Explore the top 3 performing ETFs last week: 1️⃣ UOBAM Ping An ChiNext ETF (CXS): Tracks the performance of the 100 largest and most liquid A-shares listed and traded on the ChiNext Market of the SZSE. 2️⃣ Lion-OCBC Securities Hang Seng TECH ETF (HST): Tracks the performance of the 30 largest tech companies listed in Hong Kong. 3️⃣ NikkoAM-STC MSCI China Electric Vehicles and Future Mobility ETF (EVS): Tracks the performance of Chinese companies that focus on electric vehicles, autonomous vehicles, shared mobility and new transportation methods. Tap into the potential of China's dynamic market 🚀 Find out more on China ETFs by visiting the link in the comments section below. UOB Asset Management | Lion Global Investors | Nikko Asset Management Group #SGXSecurities #ETFs #China #ChinaStimulus

🌟 Get ready for the SGX Cares Bull Charge Charity Run 2024! 🌟 We're excited to welcome this year’s Charity Run sponsors and extend our heartfelt gratitude for their unwavering support. Platinum Bull: Thai Beverage PLC   Gold Bull: Musim Mas Group | Yinson Silver Bull: Helen's Bronze Bull: DBS Bank | iFAST Corporation Ltd. | IFIS | Rajah & Tann Asia | Tai Sin Electric Limited | Triputra Group Chief Challenge: Bank of America | Chevron Singapore Pte. Ltd | ETLA Limited | Grand Venture Technology Limited | Gutherie Engineering (S) Pte. Ltd. | Lim & Tan Securities Pte. Ltd.   Cash Donors: Angen Fund Management Pte. Ltd | Fortress Resources Pte. Ltd. | Lion Global Investors | Rotterdam School of Management, Erasmus University | Erasmus University Rotterdam   Attire Sponsors: Bank of America | Thai Beverage PLC | moomoo | Ascle Healthcare Group | CNBC | Keppel Ltd. | Musim Mas  In-Kind Sponsors: Alpha Plus | Global Mind Agriculture PTE.LTD | Luen Fook Medicine Co. Pte Ltd. | Universal Integrated Corporation Consumer Products Pte Ltd (UICCP) Stay tuned for more event updates coming soon! 👉🏼To find out more: https://lnkd.in/gy2fFTQN #SGXCares #SGXBullCharge #BetterHappensTogether

While the yen carry trade has been in the spotlight following the major sell-off in Japan’s stock market in August, what is less often discussed is the yuan carry trade. Our Global Head of FX and Rates KC Lam delved into this topic, together with fellow panellist Leo Tay, Head of FX Rates and Derivatives Trading at ING, and moderator John Lagman, APAC FX & FX Derivatives Market & Product Specialist at Bloomberg, at the recent Bloomberg’s “Macroeconomic Outlook and Carry Trade Impact” event. KC noted that China has over US$ 70bn monthly trade surplus and exporters have taken advantage of the increasing rates differential between the U.S. and China to invest in higher-yielding US$-based assets. This action has also been a factor behind the yuan’s depreciation since mid-2022. The recent unwinding of the yen carry trade after Japan raised interest rates also caused the yuan to rise. The Chinese Yuan saw significant unwinding on 5th August when the Nikkei 225 index plunged. That day, the SGX USD/CNH FX Futures contract achieved its single largest average daily volume in August with the record traded volume for that day reaching US$ 35.2bn. Trading of USD/CNH Futures in SGX continued to record the month’s highest daily average of US$ 15.6 bn in August. Similar observations were made for the SGX KRW/USD FX Futures contract which also registered record volumes. What stood out was global investors choosing SGX FX as their venue of choice during times of stress – almost all the liquidity for USD/CNH contracts globally flowed through our venue. The panelists agreed that the ongoing divergence among central banks as well as the correlation between trade and risk factors seem to suggest that carry trades could make a comeback in a risk-on environment. Unlike the yen carry trade, the yuan carry trade mainly involves exporters and multinationals instead of speculators, who have accumulated sizeable holdings in the U.S. dollar. Looking ahead, with the China central bank cutting its medium-term loan rate, and the U.S. elections round the corner, global investors will undoubtedly need highly liquid tools to navigate and risk-manage the evolving market landscape. Thank you, Bloomberg, for hosting such an insightful event and for the opportunity to contribute to the discussion. #Bloomberg #CarryTrade #Yen #Yuan #USDCNH #KRWUSD #SGXFX

We're pleased to announce that our SGX FTSE Vietnam 30 Index Futures and SGX FTSE Vietnam NTR (USD) Index Futures have been approved by the CFTC! This means that these indices are now classified as broad-based indices and can be used by the U.S. investors. The SGX FTSE Vietnam 30 Index Futures is the foremost offshore futures contract on the Vietnam market, based on open interest and volumes. Together with our SGX FTSE Vietnam NTR (USD) Index Futures, they are part of our comprehensive suite of 14 regional and single-country NTR index futures. These approvals present new opportunities for investors to leverage our diverse and robust Vietnamese equity derivatives. Discover more about our CFTC-approved Vietnam Index Futures today – follow our link in the comments section.   #SGXEquityFutures #CFTC #InvestmentOpportunities #EquityDerivatives #Vietnam #Vietnam30

🎉 More great news following last Friday’s announcement! We’re delighted to share that we've clinched prestigious FX and Commodity Exchange awards from industry-leading publications 🏆. These accolades highlight our market innovation, consistent volume growth, and unwavering commitment to servicing the risk-management and investment needs of global market participants, especially in volatile markets.   A heartfelt thank you to Euromoney and Risk.net for the recognition, as well as to our clients, partners, and the broader ecosystem for your support and trust.   Read more about the awards in the full press release: bit.ly/4em9Aah   #SGXGroup #FX #Commodities #Derivatives #Trading #Hedging #RiskManagement

This morning, we kicked off the Remisier Development Programme with an exhilarating gong strike that heralded the start of the trading day! Spearheaded by the Society of Remisiers (SRS) and the Securities Association of Singapore (SAS), this initiative empowers the remisier community to better support investors in seizing exciting new investment opportunities, injecting fresh vibrancy into Singapore’s capital market. Through this programme, remisiers will gain cutting-edge digital skills and harness technology to enhance their trading management and strategies. Our Guest of Honour, Alvin Tan, Minister of State for Ministry of Trade & Industry and Ministry of Culture, Community and Youth, was joined by over 60 representatives from the remisiers to celebrate this launch. Later this evening, we’re hosting an exclusive event for remisiers, where leading remisiers will share their insights and experiences from the programme with an audience of over 200 peers. The remisier community stands out as a unique community in the Singapore market, evolving alongside our nation’s expanding internationalisation. This vibrant community of 2,000 professionals enriches the market landscape, providing invaluable access through its high-touch model and guiding clients on their wealth-building journeys across market cycles. SGX Securities is delighted to support the Remisier Development Programme and looks forward to collaborating with the industry to elevate our community further. For more information on the Remisiers Development Programme, please visit https://lnkd.in/gSxGsqnx . #SGXSecurities #Remisier #CapitalMarket #Singapore