SGX seeks equity growth in India

Singapore Exchange (SGX) has told FO Week that it aims to build on its role as a provider of Asian equity products with the relaunch of an Indian index product in the second half of this year, and a Chinese product at a later date.The contract will be based on S&P's CNX Nifty Index contract, which tracks India's top 50 stocks, and reflects SGX's focus on developing a pan Asian suite of equity index contracts on its new electronic trading platform."Equity derivatives is the Asian story," said ceo Hsieh Fu Hua, adding that SGX wants to be "the exchange of choice for exposure to the region." Hsieh said the development of domestic liquidity pools in local markets was good for SGX. He cited the growth of the market in Taiwan as an example of the benefit feeding back to the exchange. SGX's MSCI...