The Singapore Exchange’s FTSE Xinhua China A50 future has soared in popularity over the past four months and could become “absolutely huge”, according to one head of futures in Singapore.
The product was launched in 2006 but has failed to trade well until now. It offers exposure to China’s 'A' share market and was the first contract of its kind to be traded outside China. Critically, SGX did not impose harsh restrictions on the types of trading firms that could participate.
SGX secured its deal to licence the FTSE Xinhua...