Eurex and the Singapore Exchange will launch US dollar denominated Euro Stoxx 50 futures in Singapore by end-2010.
“Customers will have first-mover advantage to react to weekend or overnight European and US market news and manage their European exposures during Asian hours,” said Chew Sutat, head of corporate and market strategy at SGX.
The Euro Stoxx 50 Index futures, as well as the option on futures, will be listed subject to regulatory approval, according to a joint release by Eurex and SGX.
SGX has been tying up with foreign exchanges over cross listing of commodities offerings and derivative products. It said earlier that it was negotiating with London Metals Exchange on several cooperation projects.
In June, Singapore Commodity Exchange, a subsidiary of SGX, and Tokyo Commodity Exchange, signed a deal that will open the way for cross-listing of the key contracts of the exchanges.
Last month, SGX also launched the Nikkei Dividend Point Index Futures, the first dividend futures contract in Asia.
Trading in futures and options had a five percent year-on-year increase in June, while securities trading dropped 26 percent, said SGX.
The euro-denominated Eurex-traded Euro Stoxx 50 derivatives saw an average daily volume of over 1.6 million contracts in H1 2010, while the options recorded an ADV of another 1.2 million contracts.