SINGAPORE - Singapore Exchange (SGX) today officially opened its new Hong Kong office, following a strong run last year.
Mr Chew Sutat, executive vice president of SGX, hosted the office opening and reiterated the exchange's continued focus and commitment to its operations in Greater China.
"With its strategic location to China and Taiwan, Hong Kong is an integral part of SGX's Greater China strategy," he commented. "We have been working closely with our local partners in contributing to the development of Hong Kong's derivatives market."
Since its opening in July 2014, SGX's Hong Kong operations have registered positive growth in both traded volumes and members, including China Xin Yongan Futures Co and Celestial Commodities.
The flagship SGX FTSE China A50 Index Futures has continuously achieved record-breaking success in both volume and open interests. It reached new highs with its single day volume of 594,551 contracts and an open interest record of 591,501 contracts in January.
Mr Chew said the encouraging results are due to SGX's focus on innovation and the introduction of new products and initiatives in derivatives trading, including new commodity products.
SGX also launched two SGX Iron Ore China derivative contracts earlier this year.