China and India propel SGX to derivative exchange win

Local currency NDFs enable investors to express equity and forex view

Michael Syn
Michael Syn, SGX

If the headline story of the Asian equity derivative market in 2013 was the re-emergence of Japan, in 2014 it has been the rise of India and China – and there was one exchange where it was possible to trade all three: SGX. The benefit of this can be seen on the Singapore Exchange's bottom line: while derivative volumes in total grew by just 3% in the 12 months up to July 2014, this figure jumps to 19% once the numbers for Japan are excluded.

SGX does not just serve the major Asian economies; the