SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
Singapore Exchange (SGX) plans to launch a new foreign exchange solution on August 27, which will enable market participants to trade customisable FX futures contracts over-the-counter and clear them on its platform.
The new offering, known as SGX FlexC FX Futures, aims to streamline the regulatory obligations facing market participants and comes as new margin rules push more currency market trades towards central clearing.
SGX FlexC FX Futures will be available for INR/USD, KRW/USD, TWD/USD
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