FTSE Russell is considering major changes to the index underpinning a widely used China futures contract in Singapore, including potentially doubling the benchmark’s constituents, after Hong Kong’s stock exchange broke its rival’s monopoly on the highly popular trade.
Arne Staal, chief executive of FTSE Russell, said the company may tweak its FTSE China A50 index — a critical tool for international traders seeking to hedge their exposure to Chinese shares — in response to investor feedback.
Traded volumes on the Singapore Exchange’s (SGX’s) A50 index futures have risen 20 per cent year-on-year to 9.3m contracts, according to FTSE Russell and SGX.