Are forex and CFDs exchange-traded in Asia?
It is no surprise that Singapore is one of Asia’s most important financial hubs. So, it should be no surprise that forex and CFDs are exchange-traded in Singapore. The city-state is home to many different exchanges where these instruments are traded.
What is forex?
Forex, also known as foreign exchange or FX, is exchanging one currency for another. For example, you might exchange US dollars for Japanese yen. The forex market is the largest financial market globally and is open 24 hours a day, from Sunday evening to Friday night.
What is CFD?
A contract for difference (CFD) is an agreement between two parties to exchange the difference in the value of a financial instrument over some time. For example, you might agree to exchange the difference in the value of a stock over one week. CFDs are typically used to speculate on the price movements of financial instruments.
You can find out more about CFD trading at https://www.home.saxo/en-sg/products/cfds.
How are forex and CFDs traded?
Forex and CFDs are traded on exchanges around the world. The most popular forex and CFDs trading exchanges in Singapore are CME SGX, OPFEX, Dalian Commodity Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Hong Kong Futures Exchange, Korea Taiwan Futures Exchange, and the Philippine Stock Exchange.
What does exchange-traded mean?
Exchange-traded means that the products are traded on an exchange. It means a central marketplace where buyers and sellers can come together to trade the products.
The main benefits of exchange-traded forex and CFDs are transparent, liquid, and efficient.
Most popular exchanges for forex and CFDs trading in Asia
Here is a list of some of the most popular exchanges for forex and CFD trading.
Singapore Exchange (SGX)
It’s one of the most popular forex and CFDs trading exchanges in Singapore. SGX is the largest stock exchange in Southeast Asia and offers a wide range of products, including forex and CFDs. The SGX was one of the first exchanges in the world to offer trading in these instruments.
CME Singapore Exchange (CME SGX)
Another popular exchange for forex and CFDs trading in Singapore is CME Singapore Exchange (CME SGX). CME SGX is a joint venture between the Chicago Mercantile Exchange (CME) and the Singapore Exchange (SGX). The exchange offers a wide range of products, including forex and CFDs.
OPFEX
OPEX is another popular exchange for forex and CFDs trading in Singapore. OPEX is a joint venture between the Osaka Prefectural Government and the Tokyo Stock Exchange. The exchange offers a wide range of products, including forex and CFDs.
Dalian Commodity Exchange
The Dalian Commodity Exchange is another popular exchange for forex and CFDs trading in Singapore. The Dalian Commodity Exchange is the largest in China and offers various products, including forex and CFDs.
Shanghai Futures Exchange
The Shanghai Futures Exchange is another popular exchange for forex and CFDs trading in Singapore. It is the largest in China and offers various products, including forex and CFDs.
Zhengzhou Commodity Exchange
The Zhengzhou Commodity Exchange is another popular exchange for forex and CFDs trading in Singapore. The Zhengzhou Commodity Exchange is the second-largest commodity exchange in China and offers various products, including forex and CFDs.
Hong Kong Futures Exchange
The Hong Kong Futures Exchange is another popular exchange for forex and CFDs trading in Singapore. The Hong Kong Futures Exchange is the largest in Asia and offers various products, including forex and CFDs.
Korea Exchange
The Korea Exchange is another popular exchange for forex and CFDs trading in Singapore. The Korea Exchange is the largest stock exchange in South Korea and offers a wide range of products, including forex and CFDs.
Taiwan Futures Exchange
The Taiwan Futures Exchange is another popular exchange for forex and CFDs trading in Singapore. The Taiwan Futures Exchange is the largest in Taiwan and offers various products, including forex and CFDs.
Philippine Stock Exchange
The Philippine Stock Exchange is another popular exchange for forex and CFDs trading in Singapore. The Philippine Stock Exchange is the largest in the Philippines and offers various products, including forex and CFDs.
