Singapore Exchange (SGX Group), in partnership with the Brazilian stock exchange B3, has launched Brazilian Real (BRL) futures - marking a significant milestone in SGX Group's expansion into emerging markets currency derivatives beyond Asia. This strategic collaboration draws on SGX Group's strong FX ecosystem to broaden global participation in BRL futures, deepen liquidity during Asian trading hours, and cultivate a vibrant, accessible currency derivatives market for South America's economy. As a major trading partner with Brazil, Asia requires efficient tools to hedge both currency and commodity exposures - areas where SGX Group has deep expertise.
The launch of SGX BRL/USD FX Futures complements SGX Group's fast-growing FX and commodity derivatives franchises, both of which are deeply connected to global trade and capital flows. SGX Group and B3 will jointly promote the contract and facilitate ease of trading across venues. The new contract will also benefit from margin offsets against other SGX derivatives, enhancing capital efficiency for market participants.
