NO 241 – MARCH 2013
The Future is Social

WFE Focus March 2013
Inter-market links

Singapore Exchange and Philippine Stock Exchange sign MoU to develop derivatives market

The Singapore Exchange and the Philippine Stock Exchange have entered into a Memorandum of Understanding to cooperate in the development of Philippines-linked derivatives products. SGX and PSE will jointly explore the development and promotion of Philippines futures and options to address the demands of international investors. The first product to be launched would be a Philippines index futures, based on the MSCI Philippines index. The product is targeted for listing on SGX in the fourth quarter of 2013, subject to regulatory approval. Both exchanges will also look into the potential listing of derivatives products on PSE in due course in response to the needs of the markets.

Singapore Exchange and Korea Exchange sign MoU to explore OTC clearing collaboration

The Singapore Exchange and Korea Exchange have signed a Memorandum of Understanding to jointly explore collaborations in the development of OTC financial derivatives clearing capabilities. Korea Exchange will begin clearing OTC derivatives in the middle of this year. SGX is Asia’s first central counterparty for OTC trades.