Under the MOU, SGX and FTSE will undertake a consultative study on the feasibility of introducing indices for the trading and benchmarking of financial products such as institutional and retail funds, Exchange Traded Funds, and derivatives contracts. The indices will be designed using international standards, will be free-float adjusted and will be based on the Industry Classification Benchmark (ICB).
Mr Hsieh Fu Hua, SGX CEO, said, “We are happy to establish this relationship with FTSE. The development of indices based on international standards and recognised methodology will facilitate the growth of the local and regional markets, and provide more opportunities for the creation of new investment products.”
Mr Mark Makepeace, Chief Executive, FTSE Group, said, “FTSE is honoured to be chosen as an index partner by Singapore Exchange. As a leading global index provider, FTSE works with financial institutions around the world to create indices and index products that are recognised and valued by investors worldwide.”
