SGX closes in on FX futures launch
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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