HKEX nabs MSCI contracts, with SGX agreement due to lapse

Hong Kong island adobe stock 230x150
By Ross Lancaster
28 May 2020

Hong Kong Exchanges and Clearing (HKEX) won a licensing agreement this week to list 37 MSCI equity index futures and options contracts, as the index provider agreed to wind down its partnership with rival Singapore Exchange (SGX).

The announcement sent SGX’s share price tumbling on Wednesday. SGX will still list MSCI Singapore futures and options — opening an opportunity for arbitrage trades — but it will reduce its remaining MSCI contracts from February 2021.

HKEX will now boast, subject to regulatory approval, a suite ...

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