The Singapore Exchange (SGX) will launch Extended Settlement (ES) contracts on Jan 23 next year, aimed at expanding the range of equity products available to investors.
The contracts, previously called single stock derivatives, will be a new investment type on the exchange’s securities trading market. The derivatives allow investors to buy in at the price listed on the exchange on trade date and agree to a settlement date in the future. Ten local brokers are backing development and launch of the contracts.
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