Mr Pillai said the SGX has in the last two months trained 1,200 remisiers who have indicated interest to be Sesop locals. We are also pleased to partner SGX in this endeavour and will give our fullest support for the successful development of the ST Index contracts. Mr Pillai noted that the exchange has no plans to drop the Simsci, which trades about 2,500 contracts daily. It's popular with fund managers who use the MSCI as their benchmark. Meanwhile, stockbrokers and futures dealers welcomed the new futures contract, saying the STI's high visibility augurs well for its success.
Retail investors are familiar with the index and watch it closely.
Their participation will be important to create liquidity for the contract. 2000 SPH AsiaOne Ltd. All rights reserved. They do not constituteinvestment advice, financial services or endorsements with respect to any company, security or investment. By accessing this site, you accept the Disclaimers and agree to bebound by the Conditions of Access.