The emergence and development of Singapore stock index futures can be roughly divided into three stages. The first stage is the introduction and initial development of stock index futures, the second stage is the continuous innovation of stock index futures varieties, and the third stage is the maturity and standardization of stock index futures trading. Bringing forth the old and bringing forth the new, the varieties of financial futures are constantly innovating, and the stock index futures market is prosperous. In September,1988-165438+10, the Singapore International Financial Exchange launched the Singapore stock index futures contract based on MSCI Singapore Freedom Index, the Malaysian stock index futures contract based on Dow Jones Malaysia Index and the Thai stock index futures contract based on Dow Jones Thailand Stock Index respectively. The introduction of Singapore stock index futures and other futures contracts related to the local stock market has strengthened the position of Singapore International Financial Exchange as the main trading center of Asian stock index products, promoted the globalization of Asian capital markets, and raised the demand of international traders and investors for effective risk management methods.

Since then, SIMEX has continuously innovated the varieties of financial futures, successively introduced various interest rate, stock and energy derivative futures, and quickly provided the most extensive Asian derivatives and the most extensive international derivatives in Asia. Constantly increasing the variety of products and business projects has better met customers' demand for cheap and convenient investment channels, especially reducing transaction costs, facilitating transaction procedures and improving operational efficiency, enhancing the ability to attract foreign investment and greatly improving market activity. In 2000, Singapore International Financial Exchange was named the best derivatives exchange in 2000 by Asian Risk magazine. The prosperity of new varieties of stock index futures has greatly enhanced the breadth and vitality of regional capital markets. At the same time, the emergence of various hedging instruments has increased the interest of international investors in other related stock markets. Furthermore, the depth and liquidity of the stock index futures market will be continuously improved, and the connection with the international market will be developed.

The stock index futures market is becoming more and more mature and standardized. In the past two decades, Singapore stock index futures have been at the forefront of Asian financial futures market in terms of variety innovation, futures risk control and institutional norms. After nearly 20 years of standardized development, Singapore's entire financial futures market began to mature and standardize, establishing its position as the Asian stock index futures trading center, providing an important way for Asian and other countries' financial markets to avoid systemic risks and enriching the channels for arbitrage investment in financial markets.