Singapore Exchange launches MSCI Indonesia equity futures from June 11, 2012

Singapore Exchange Limited (SGX) said on Tuesday that it will launch the world's first offshore Indonesia Index Futures from 11 June 2012.

This new contract will be based on the MSCI Indonesia index which is a widely followed Indonesian benchmark for institutional investors.

"SGX currently offers the widest suite of Asian equity index derivatives. We are confident that the SGXMSCI Indonesia Index Futures provides a unique value proposition to regional and international investors from both portfolio and risk management perspectives," said Mr Michael Syn, Head of Derivatives at SGX.

SGX has launched a string of equity derivative contracts in recent years, including popular ones tracking Japan's Nikkei 225 index and the Taiwanese stock market. Others though, such those tracking the Hong Kong and European stock markets have struggled to attract as much volume.

For the Indonesian contract, SGX has signed up three market makers: Barclays PLC , Credit Suisse and Amsterdam-based firm Optiver to provide both on screen and off screen liquidity. The contract will begin trading on June 11.

For more information, please visit www.sgx.com.