(July 23): Singapore Exchange Ltd struck a new agreement with global index provider MSCI Inc, expanding a partnership with the index provider as SGX makes a push to expand its derivative products.

SGX said it would partner with MSCI for its indices to help add as many as 100 new futures and options contracts, according to executives. The contracts will involve both developed and emerging markets, as well as major sector indexes including utilities, industrials, energy and financials.

Market “participants are increasingly looking beyond a single region,” SGX chief executive officer Loh Boon Chye said in an interview. “It’s not just countries or regions, it’s also sectors. This is where our customer feedback has been, and we’re expanding beyond” contracts for Asian countries, products and asset classes, he said.

The pact is building on SGX’s work with MSCI, six years after the index provider chose to move licensing for derivatives products on a host of gauges to Hong Kong from Singapore. That caused SGX to turn to a new licensing agreement with FTSE Russell, a partnership that has been expanding since then.

FTSE Russell and SGX have created emerging market futures, as well as derivatives for short term rates and Asian government bonds.

The move to add MSCI indices broadens SGX’s suite of investing tools. The exchange operator’s offerings include equity derivative products, which accounted for 27% of the firm’s total net revenue for all of 2025. SGX has also been making a push to add other derivatives, including contracts for rates and bonds.

Now, the exchange offers Japanese government bond futures, Singapore overnight rate average futures and Tokyo overnight average rate futures, according to its website. The firm has stepped up its offerings to expand into new segments popular with investors such as crypto perpetual futures.

“Singapore is already a big derivative hub, but this could significantly expand their product line, significantly expand their service to the world, and we’re very excited about that,” MSCI CEO Henry Fernandez said.

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