Monday November 29 2021
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: New Zealand
Link: https://bit.ly/3HYgbZ3
On 29th November 2021, Singapore Exchange (SGX) announced that the New Zealand Exchange (NZX) suite of dairy derivatives will trade exclusively on SGX under a partnership between New Zealand’s Exchange and SGX.
This partnership combines NZX’s market development expertise in dairy derivatives with SGX’s global distribution capability. The joint stewardship of these important contracts unites NZX’s core dairy expertise in industry engagement, market research, and product development know-how with SGX’s international connectivity, under a working strategic partnership.
The partnership will super-charge the industry benchmarks with deeper platform connectivity and broader client reach.
The listing of the SGX-NZX Global dairy derivatives contract is a result of the strategic partnership that was entered into between the two exchanges in April 2021, which was designed to unlock and accelerate the growth potential of the dairy derivatives market that NZX has been developing over the past 11 years.
Click on the above link for further information