To The Moon

Societe Generale is pleased to announce the launch of four Daily Leverage Certificates (DLCs) offering 5X Long and Short exposure to the NASDAQ-100 Index from Thursday, 28 April.

This builds on the success of S&P 500 DLCs launched earlier in March where over 100 trades totalling close to half a million in value have been transacted in the short time since launch. In the past month (20 trading days), the Short DLCs on S&P 500 have gained around +50% while the Long DLCs have declined around -39% on the back of a -8.75% decline in the S&P 500 index.

The launch of DLCs tracking US benchmark indices is a timely offering for investors looking to gain exposure to the U.S. market via an SGX-listed instrument using Singapore Dollars, and have the flexibility to trade both long and short directions of the market.

Tabled below is a list of DLCs tracking the NASDAQ-100 Index and S&P 500 Index.

The DLCs are issued at two different price points to provide investors with more choice however both will provide the same 5x leverage exposure regardless of the price point. Investors can trade the DLCs in Singapore Dollars using their regular securities brokerage account.

Please note the US Indices DLCs are only traded during SGX market hours from 9am to 5pm when the US market is closed, hence the DLCs intra-day price movements will be closely linked to the performance of the e-mini S&P 500 & Nasdaq-100 futures which are traded during Asian hours.

For more information on the DLCs on US equity indices, please visit our US DLC mini-page here

Trading on Societe Generale’s DLCs Jumped in March in a Volatile Market

The total turnover on Societe Generale’s DLCs reached a high of approximately S$800 million in March on the back of volatile market conditions. Participation on the DLCs from both new and returning investors saw an uptick in a volatile March as investors look to short term trading instruments such as the DLCs to capture opportunities in the market.  

With over 200 DLCs listed on SGX, the DLCs offer investors leverage exposure to a wide range of indices and single stocks, and the flexibility to trade both Long and Short directions. In March, the most actively trade DLCs by investors were those tracking the Hang Seng Index, MSCI Singapore Index on the indices and Alibaba, Tencent, BYD, Meituan and Kuaishou on the single stocks.

The DLCs are for specified investment products (SIP) qualified investors only. Please refer to Societe Generale’s DLC website and the respective DLC listing documents for more information about the product features and risks of trading the DLCs. The contents in this post do not form part of any offer or invitation to buy or sell any DLCs, and nothing herein should be considered as financial advice or recommendation.