The core products will be anchored around FTSE Russell's global benchmark indices for fixed income, listed real estate, global equities and currencies, catering for expansion to meet institutional investors' demand for SGX solutions in multi-asset, Environmental, Social and Governance , dividend, sector and duration strategies.
In its latest results briefing, HKEx revealed the first three tranches, which cover 33 of the 37 licensed products, already rolled out in Jul-Aug, including the MSCI Taiwan futures. In July, it saw the"fruits from the SGX FTSE Taiwan index futures", which generated a total turnover of more than US$1.5 billion in the first week of trading, with participation from 50 entities across 17 clearing members.
SGX's multi-asset platform already provides global investors with a single point of access into Asia, offering extensive and efficient investment and risk management tools covering all major asset classes. "We also look forward to partnering with SGX to develop a range of index-based products to support the increasing need for sustainable investment solutions developed to globally recognised ESG standards, providing investors with further choice, diversification and risk management opportunities for their portfolios."
The battle for business among major exchanges has been heating up, and in Asia, HKEx is turning up the heat as it looks to muscle in on SGX's A-share futures turf.