March 12, 2024 (NO COMMENTS)

Singapore Exchange is returning to the short-term interest rate futures market after a Libor-reform imposed hiatus, with the bourse set to list three-month futures on the Singapore dollar and yen overnight rates.

The move back into the short end of the curve is redolent of past glories for the exchange operator – Simex, a predecessor of SGX, grew to prominence in the 1980s as a trading venue for floor-traded Eurodollar contracts.

β€œIt became clear this is the missing chunk of the rates complex,”