Annual Report 2001/2002

Equity and Derivatives Markets

SGX has been engaged in various forms of market co-operation. In December 2001, SGX and the Australian Stock Exchange (ASX) launched the world’s first co-trading linkage for securities, which allowed for 50 SGX stocks and 51 ASX stocks to be quoted and traded across the linkage. SGX and the Tokyo Stock Exchange have also entered into a Heads of Agreement in October 2001 to explore co-operation in both the cash and derivatives markets.

During the year, SGX introduced several innovative products that are new to Singapore’s capital markets.

In a joint venture with the American Stock Exchange (AMEX), SGX launched five AMEX-listed Exchange Traded Funds (ETFs) on SGX-ST on 4 May 2001. The AMEX ETFs were listed on a new SGX-Securities Trading (SGX-ST) trading board for structured products named “SGX-Xtranet”. Building on the launch of the AMEX ETFs, SGX-ST listed the first local ETF based on the Straits Times Index on 17 April 2002.

In the derivatives market, domestic futures contracts launched by SGX-Derivatives Trading (SGX-DT) included a 5-year Singapore Government Bond futures contract on 29 June 2001 and single stock futures contracts listed on 15 SGX-ST stocks on 26 October 2001. SGX-DT also listed a ¥100 million Japanese Government Bond futures contract on 18 April 2002, that trades alongside its existing ¥10 million JGB futures contract, and SGX’s third Japan stock index futures contract, based on the MSCI Japan stock index, on 15 May 2002.

[Liberalisation] [Liberalisation of Stockbroking Industry] [Equity and Derivatives Markets] [Debt Market] [E-Financial Services and E-Commerce] [Recent Developments in Electronic Payments] [Financial Services Development Fund] [Enhancement of Exchange Infrastructure] [Dialogue Sessions with Industry] [Technology in Finance Dialogue Sessions]

[Regulatory Initiatives] [Developmental Initiatives] [Market Infrastructure]

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