Bangkok--Nov 23--SET
The Stock Exchange of Thailand (SET) and Singapore Exchange Limited (SGX) co-signed a memorandum of understanding (MoU) to explore a derivatives link between the two markets. The first linkage will be the SET50 Index Futures.
The SET and SGX signed an MoU today to explore a derivatives trading link, starting with the soon-to-be-launched SET50 futures contract. The signing ceremony was witnessed by Thailand’s Minister of Commerce, Dr. Somkid Jatusripitak and Singapore’s Minister of Trade and Industry, Mr. Lim Hng Kiang, at the Grand Hyatt Erawan Hotel, Bangkok.
At this preliminary stage, the link is envisaged to involve SGX routing orders for SET50 futures, which will be Thailand’s first financial derivatives product, into the SET’s order book.
The cooperation will effectively increase the number of potential market participants with access into the SET’s new market, thus increasing its liquidity.
SET President Mr Kittiratt Na-Ranong said, “We are delighted to take this additional step of collaboration with SGX, which was first initiated with our two exchanges’ MoU signed in 2003. Both exchanges will cooperate in derivative-related areas, and we look forward to continue working with SGX to further expand both markets.”
SGX President Mr Ang Swee Tian said, “We are pleased to be in discussion with the SET on this new initiative and look forward to growing our markets together.”
For more information, please contact:
Singapore Exchange
John Gollifer Jane Tee
Corporate Communications Corporate Communications
Tel: (65) 6236-8540 Tel: (65) 6236-8137
Email: [email protected] Email: [email protected]
Stock Exchange of Thailand
Ladawan Kantawong Kulvida Jintakawong
Head, Corporate Communication Department Head, Media Relations Unit
Tel: 662-229-2036 Tel: 662-229-2037
Fax: 662-359-1004-6 Fax: 662-359-1004-6
E-mail: [email protected] E-mail: [email protected] End.