SGX’s FTSE Taiwan index futures to mitigate earnings loss from expired MSCI contracts: DBS

SINGAPORE (July 2): The launch of the FTSE Taiwan Index futures by the Singapore Exchange (SGX) should reduce the earnings impact from the loss of its MSCI contracts, according to DBS Group Research.

“In our view, this is a positive development as FTSE Taiwan Index futures will help to replace MSCI Taiwan futures contracts, which contribute  about 80% of MSCI ex-Singapore futures contracts volumes, and allow for continuity for SGX’s existing customers,” DBS analyst Lim Rui Wen writes in a note dated July 2.

On May 27, SGX announced that all its non-Singapore MSCI products will expire from February 2021 onwards.

---

Related Stories

• SGX enjoys FX, iron ore derivatives boost in 1HFY2024; insists spac rules 'work'
• Pegasus Asia to dissolve its spac. Will Novo Tellus follow suit? (update)
• RHB stays 'neutral' on SGX as 'the disappointment continues'

---