Singapore Exchange Limited (SGX:S68) today announced the release of SGX Index Edge, its index business that will establish and offer comprehensive index services tailored for issuers, asset managers and investors in Asia.
The SGX branded indices are also set to boost transparency and will help investors make more informed investment decisions. Targeted at Asian product issuers and investors looking for customised index solutions, SGX Index Edge addresses the growing demand for index-linked investment opportunities across the region.
SGX said it had successfully concluded a beta launch on a series of futures-based indices – SGX Access Asia indices – tailored for product issuers of Exchange-Traded Notes (ETNs), OTC (Over-the-Counter) products and retail structured products. The Access Asia suite of 60 indices are distributed through SGX’s wide network of brokers, major data vendors, Independent Software Vendors, other exchanges and trading firms.
SGX also seeks to offer bespoke Asia-based index solutions for product issuers across the region, including thematic and strategy-based equity indices for the Singapore market.
Loh Boon Chye, Chief Executive Officer of SGX, said: “As Asia’s most international exchange and a leading market infrastructure for investors across Asia, we are in a unique position to develop Asia-focused index capabilities, as a natural extension of SGX’s existing suite of products and services. The launch of SGX Index Edge demonstrates our ability to continually innovate to position SGX strongly for the long-term as we look towards becoming the pan-Asian index provider of choice.”
Tinku Gupta, Head of Market Data and Connectivity of SGX, added,
“Offering index services to diversify the market data business is common amongst exchanges. It helps us in attracting new institutional channels that are increasingly turning towards index-linked investment solutions for their investors. While we will create SGX branded indices, we will also continue to grow our strong partnerships with global index providers to further our reach and expertise for both our securities and derivatives markets.”
To view the official announcement from SGX, click here.