Following the listing of Asia's first electricity futures contract in October 2014, Singapore Exchange (SGX) is pleased to announce the start of market making in electricity futures with effect 1st of April 2015. Additional market makers will join the market on 1st of July 2015.

A total of six market making slots have been awarded to companies from the Singapore electricity industry, and a waiting list has been set up for applications that could not be considered at this point. The market making function for SGX's electricity futures shows another significant milestone in SGX's aspirations to create Asia's first fully developed energy market.

SGX Electricity Futures offers the electricity industry a platform to manage price risks while providing better price discovery and transparency. Market participants will now have new options to procure and hedge electricity. Potential new entrants to the electricity market can use the futures market to lock in forward electricity prices.

"The electricity futures market brings about enhanced efficiencies around price discovery, greater product choice, and increased retail competition in the electricity market. We are heartened by the strong industry support we have received, the good sign-up for market making, and the Energy Market Authority's continued leadership. SGX is committed to the continual development of Singapore's energy markets and its goal to become the energy hub in Asia." said Michael Syn, Head of Derivatives, SGX.

SGX is the world's largest offshore market for Asian equity index derivatives and Asia's leading exchange for commodity derivatives and pioneering central clearing house. SGX has a strong capital base and an extensive suite of complementary products, supported by advanced technology to establish and grow the electricity futures market.



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