Singapore International Monetary Exchange Limited (SIMEX), founded in 1984, is the first financial futures exchange in Asia. SIMEX is an international exchange. SIMEX trades futures and options contracts, interest rates, currencies, stock indexes, energy and gold.

1986, Singapore international financial exchange launched the Nikkei 225 index futures before Japan, which became the main place for international financial institutions to trade the Nikkei 225 index, creating a precedent for futures trading based on other countries' stock indexes.

Although Japan launched similar products two years later, they never regained the dominance of index futures. After the chase, the transaction volume is only half that of Singapore.

Then, at 1997, the Singapore International Finance Exchange took the lead in launching Morgan Taiwan Province index futures. Subsequently, Taiwan Province Futures Exchange also launched similar products, but its trading volume in the first half of 2006 was only 5,022 lots, while the trading volume in the Singapore market reached 5.22 million lots in the same period, which was 1 10,000 times that of Taiwan Province Province.

References:

Baidu encyclopedia -simex