Macquarie improves price transparency in Singapore warrant market

Singapore, 10 Jan 2018

Warrant trading is now easier, with the introduction of a new tool – the Live Matrix – the first of its kind in Singapore!

Macquarie recently launched the Live Matrix on their website www.warrants.com.sg. The Live Matrix has a direct feed from Macquarie’s market making system, and allows investors to see where the market maker’s bid and offer prices will be at various price levels in the underlying stock or index in real time.

Macquarie is a leading warrant issuer in Asia, with a presence in four warrant markets across the region. Macquarie commands a top tier market position in the markets of Hong Kong, Thailand, Malaysia and Singapore. They attribute much of their success to a strong reputation for providing high quality and transparent market making. The Live Matrix is the latest evolution of the market.

“The Live Matrix will improve transparency in warrant trading in Singapore like never before. Now, warrant investors can simply click into the warrant on our website, and there will be a table to show them where our quotes are, given the corresponding prices in the underlying at that point in time.

With this information, the investor will be able to determine whether the market maker is providing a tight spread in a particular warrant, making trading decisions easier.” said Barnaby Matthews, Head of Equity Derivatives Products for Macquarie in Asia.

“We have launched the Live Matrix in both Thailand and Malaysia where we believe it had a positive effect in those markets, due to the increased transparency and ease of use. It is by far one of the most visited pages on our website in each of those respective warrant markets. Investors use the tool on a daily basis as a trading guide. We believe it will quickly become very popular with Singapore warrant investors.” added Mr Matthews.

Luuk Strijers, Head of Products, Equities & Fixed Income of SGX said, “Asian investors have shown a strong appetite for leveraged products in recent years, as reflected in the activity in Singapore’s structured warrants market. SGX welcomes this new feature launched by Macquarie to increase the level of transparency of market maker pricing for Singapore investors trading structured warrants.”

As part of the Live Matrix launch, Macquarie is giving away two of the latest Microsoft Surface Pro laptops. To win, participants simply visit www.warrants.com.sg to answer questions related to the Live Matrix from 10 January to 8 February 2018.

The Live Matrix is one of the many new features Macquarie is introducing as part of their new Singapore website launch. Other new features include animated warrant videos to help investors understand the basics of warrants in a quick and fun way, and a newly revamped newsletter keeping investors up to date with the latest market buzz every morning.

The Singapore warrant market has seen a large jump in traded value over the past year, with daily turnover increasing 90% from 2016 to average S$58.4 million per day in 2017.

For more information on the Live Matrix and the contest, please refer to www.warrants.com.sg.

About Macquarie Group

Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 13,597 people in over 27 countries. At 31 March 2017, Macquarie had assets under management of $A481.7 billion.

Equity derivative products

Macquarie has built a solid reputation as Asia’s leading structured warrants issuer1 and is now the largest issuer of structured warrants by market share in Singapore.

Macquarie takes a leading role in educating retail investors investing in structured warrants. Macquarie runs regular seminars, operates a structured warrants hotline, and distributes a daily e-newsletter that contains up to date market information. Macquarie also offers many interactive tools on its website www.warrants.com.sg that are designed to educate investors about structured warrants.

For further information, please contact:

For Macquarie

Barnaby Matthews
Macquarie Capital Securities (Singapore) 
barnaby.matthews@macquarie.com 
+65 6601 0205

Ida Cheung
Macquarie Group, Asia
ida.cheung@macquarie.com 
+852 9371 3190

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