SGX closes in on FX futures launch

magnus-bocker-sgx
Magnus Böcker, Singapore Exchange

Singapore Exchange (SGX) is just days away from launching foreign exchange futures for deliverable and non-deliverable currencies, the company announced this week.

The exchange plans to launch futures contracts for six currency pairs – AUD/USD, AUD/JPY, USD/SGD, INR/USD, KRW/USD and KRW/JPY – on November 11, following a lengthy gestation period. SGX first unveiled plans to launch futures in March, subject to regulatory approval, and last month hired KC Lam, formerly of CME Group, as a director

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