SM and MEG swaps and futures contract to be launched by Singapore Exchange

Published on October 11, 2017

The Singapore Exchange will soon be launching new SM and MEG swaps and futures contracts on October 23 this year, according to an SGX Tuesday.

This will be the first time derivative contracts for SM and MEG have been offered by any clearing house in Singapore.

The swaps are to be traded in 500 mt lots, while the futures contracts will trade in 100 mt increments.
"SM and MEG have traditionally been traded on an over-the-counter (OTC) basis between counterparties," an SGX spokesman said. He further added that SGX will also be able to provide a single clearing arrangement for clients to trade and clear with multiple counterparties.

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