SINGAPORE: Singapore Exchange Ltd is beginning to reduce its pact with MSCI Inc months earlier than expected, citing market uncertainty into year-end to speed up delisting the largest derivatives product it has in partnership with the index provider.
The exchange will migrate all open positions in the MSCI Taiwan Index futures to its newly launched FTSE contracts on Oct 30 and the MSCI product will then be suspended, Michael Syn, who oversees both the cash equities and equity derivatives businesses, said in an interview.