Singapore Exchange (SGX) proposes to add MSCI Indonesian Index futures to its suite of Asian equity index derivatives from the first quarter of 2012, subject to regulatory approval.
SGX is seeking public comment on specifications of the proposed new futures contract which will be denominated in US dollar. The listing of the MSCI Indonesia Index futures on SGX offers investors an alternative trading platform to the over-the-counter market, and provides the transparency of an exchange-traded instrument with the associated assurance of central clearing.
Public feedback is sought on the contract specifications, which are pending approval from the Monetary Authority of Singapore. These specifications include cash settlement for the contract and a proposed position limit of 25,000 contracts net on the same side of the market and in all contract months combined.
The consultation paper on the proposed changes and details will be available on SGX’s website www.sgx.com from today. Market participants and members of the public can send in their comments and suggestions on the proposed contract from today until 31 October 2011 via email and either by post/courier or fax to:
Email: rules@sgx.com
AND
Post/Courier:
Singapore Exchange
2 Shenton Way
#19-00 SGX Centre 1
Singapore 068804
Attn: Chan Huimin
Regulatory Development & Policy
Fax: +65 6534 2207
