SGX, B3 to launch real futures contracts in 2025
If approved, the move will be SGX’s first time venturing into emerging markets currencies out of Asia.
The Singapore Exchange (SGX) said on Monday it was teaming up with Brazilian exchange operator B3 to help investors manage exposure to the currency during Asia trading, Reuters reported.
SGX and B3 will launch real futures contracts later this year. If the Brazilian real futures contracts receive regulatory approval, it would be SGX's first time venturing into emerging markets currencies out of Asia.
According to Reuters, the contracts come as global investors' interest in Brazilian markets increases, bringing a desire to hedge currency risks around-the-clock, especially as trade tensions and geopolitics heighten uncertainty in global markets.