Singapore Woos Offshore Traders with New Asian Bond Futures Window
Singapore Exchange Ltd. is aiming to make it easier for European investors to trade Asian bonds during their own working day.
The Singapore Exchange (SGX) is working to improve trading activity from European investors during their workday. Market makers and asset managers will benefit from a new one-hour "liquidity window" that opens at 10 am London time, which corresponds to 5 pm in Singapore. This move aims to boost rates franchise beyond the exchange's growing Japanese government bond futures and enhance liquidity in Asia-Pacific contracts, excluding India.
SGX's head of rates and derivatives, William Chin, emphasized the European interest in trading Asian bonds without working odd hours or relocating teams to Asia permanently. The exchange will also introduce a similar liquidity window for Indian investors, with trading hours from 11 am to 12:30 pm Singapore time. By focusing trading activity within specific periods, SGX hopes to overcome the challenge of asset managers and market makers hesitating to commit capital due to a lack of demand.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- SGX woos European traders with new futures window businesstimes.com.sg
