B3 and SGX Partner for BRL FX Futures

Brazilian stock exchange B3 has entered a strategic partnership with Singapore Exchange (SGX) to launch Brazilian real futures contracts in the Asian market, later this year – subject to approval from local regulators.

The exchanges say the availability of this product specifically addresses the demand from investors in Asia looking to manage risks with the Brazilian real during their local time zone. It also marks SGX Group’s first foray into emerging market currency futures outside Asia and “signifies the strengthening of B3’s presence across the continent”.

The firms add that the partnership is not limited to the launch of new futures contracts but also paves the way for a solid and long-term cooperation between the two exchanges, creating new opportunities for Brazilian and global investors.

“With growing interest in Brazilian markets, our collaboration with B3 will enable global investors to manage BRL risks round the clock – essential in today’s dynamic markets,” says Loh Boon Chye, CEO of SGX Group. “We look forward to bringing more diverse investment

opportunities to global investors.

Gilson Finkelsztain, CEO of B3, adds, “We are building a bridge between the Asian market and Latin America, and we intend to expand the connection between these two regions through this partnership from Singapore, which is a strategic financial hub in Asia.”