- Singapore-Brazil launch BRL futures for 24/7 liquidity.
- New SGX BRL/USD FX Futures give Asian investors access to Brazil’s currency market during Asian trading hours.
- SGX’s FX futures volume hits a record US$4.5 trillion from June 2024 to May 2025.
Investors in Singapore can now manage their Brazilian real exposure anytime, thanks to a new partnership between SGX and Brazil’s B3.
Launch of BRL Futures Partnership
In a press release by SGX, SGX Group and B3 have launched Brazilian Real (BRL) futures.
B3 is the Brazilian stock exchange.
The launch was announced on 09 June 2025.
The partnership is an important milestone for SGX Group as it expands into emerging markets currency derivatives beyond Asia.
- The first contract under this partnership is the SGX BRL/USD FX Futures.
- The new contract allows trading of the Brazilian real during Asian hours, when Brazil’s market is shut.
- This provides round-the-clock liquidity for global investors.
According to SGX, Michael Syn, President of 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.
Goals and Benefits of Singapore-Brazil Collaboration
The partnership uses SGX’s strong FX ecosystem to broaden participation in FX futures.
It aims to deepen market liquidity and make Brazil’s currency available to more investors in Asia.
The contract is also an efficient trading instrument for hedging currency and commodity exposures between Asia and Brazil.
SGX and B3 will promote the contract together and make trading easier across both venues.
The contract also allows margin offsets with other SGX derivatives, helping investors save on capital.
- Asia is a major trading partner with Brazil.
- Both markets need advanced ways to manage FX risks.
- SGX Group has deep expertise in FX derivatives and commodity futures.
Gilson Finkelsztain, CEO of B3, was quoted by SGX as saying, This new contract bridges the two leading international hubs of Asia and Latin America. The SGX BRLUSD Futures contract is an attractive and efficient trading instrument for Asian investors. We are thrilled to embark on this partnership with SGX Group.
Market Context and SGX’s Position
SGX Group is the largest Asian FX futures marketplace in the world.
The total FX futures volume traded on SGX jumped almost 40% year-on-year in the last financial year (June 2024 to May 2025).
The volume reached a record US$4.5 trillion.
SGX’s other FX and commodity derivatives businesses are fast-growing and deeply linked to global trade.
As quoted in SGX statement, 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.
- SGX BRL futures improve market access for Singapore and Asian traders.
- Joint promotion with B3 will help increase activity and link the two financial hubs.
- Investors benefit from more choices and flexible trading hours.
Will round-the-clock access to Brazil’s currency make Singapore more attractive for global FX trading? Agree or Disagree?
