Page 58 - 期貨和衍生品行業(yè)監管動(dòng)態(tài)（2024年3月）
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期貨和衍生品行業(yè)監管動(dòng)態(tài)
The three-month TONA Futures will also complement SGX Group’s portfolio of
Japanese derivatives including JGB futures, SGX Nikkei 225 Index futures and
options, as well as SGX USD/JPY FX futures. This comes on the back of market
expectations that Japan’s negative interest rate policy will come to an end, together
with rising interest in the world’s third largest government bond market and
record-highs in the Nikkei 225 equity benchmark.
KC Lam, Global Head of FX & Rates, SGX Group, said, “The uncertain interest
rate environment, coupled with inflation and volatility in the macroenvironment, has
increased the appeal and usage of interest rate derivatives as a cost-effective,
transparent hedging and trading tool. Our planned SORA and TONA Futures will
complement our expanding multi-asset derivatives franchise and provide additional
cross-margining tools for global participants.”
Notes:
[1] SORA, published by the Monetary Authority of Singapore, is the
volume-weighted average rate of borrowing transactions in the unsecured overnight
interbank Singapore Dollar (SGD) cash market in Singapore.
[2] TONA, published by the Bank of Japan, is the volume-weighted average of
actual transactions in the Japanese Yen (JPY) unsecured overnight money market.
https://www.sgxgroup.com/media-centre/20240312-sgx-group-launch-interest-rate-de
rivatives-2h-2024
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