Singapore Exchange (SGX Group), in partnership with the Brazilian stock exchange B3, has launched Brazilian Real (BRL) futures – marking a significant milestone in SGX Group’s expansion into emerging markets currency derivatives beyond Asia.

This strategic collaboration draws on SGX Group’s strong FX ecosystem to broaden global participation in BRL futures, deepen liquidity during Asian trading hours, and cultivate a vibrant, accessible currency derivatives market for South America’s largest economy.

Michael Syn, President, SGX Group, said, “SGX Group is building new bridges across more markets. Together with B3, we have established an FX linkage that brings BRL futures to SGX and into the Asian trading day. We are providing liquidity during Asian hours when the Brazilian market is closed for trading, giving global investors a seamless tool to manage BRL exposure around the clock. As interest in Brazilian markets grows, this launch is a meaningful step in SGX Group’s strategy to offer diverse and globally relevant investment opportunities.”

Gilson Finkelsztain, CEO, B3, said, “This new contract bridges the two leading international hubs of Asia and Latin America. The SGX BRL/USD Futures contract is an attractive and efficient trading instrument for Asian investors. We are thrilled to embark on this partnership with SGX Group.”

As a major trading partner with Brazil, Asia requires efficient tools to hedge both currency and commodity exposures – areas where SGX Group has deep expertise. The launch of SGX BRL/USD FX Futures complements SGX Group’s fast-growing FX and commodity derivatives franchises, both of which are deeply connected to global trade and capital flows.

SGX Group and B3 will jointly promote the contract and facilitate ease of trading across venues. The new contract will also benefit from margin offsets against other SGX derivatives, enhancing capital efficiency for market participants.

SGX Group continues to lead with the world’s largest and most liquid Asian FX futures marketplace. For the financial year to date (June 2024 to May 2025), total FX futures traded volume has surged nearly 40% year-on-year, reaching a record US$4.5 trillion.

Source: SGX Group