Why do warrants exist in SG markets? Why not introduce options for SG companies?

I guess the difference is that warrants have a longer duration than options. With low liquidity and volatility in SG markets paired with the short time frame of options, I think it would be tougher to create any traction for it as well. Also, not taking into account fees for short term options trade!

But I honestly think those invested in SG markets, are much better to off to focus on the fundamentals of buying a strong business and holding it on for long term, rather than trade out trading instruments/deriavatives.

Becos SGX didnt start an Options exchange. Why not? Even our equity market volume are not huge, not to mention if equity options are introduced. Probably only several of the largest counter will have volume. There are also also considerations beyond volume.

Warrants are much easier. They are traded like a security and enjoy leverage on the price of the underlying (and yet do not require margin like an options trade). They are issued by a financial institution, terms of the warrants are set by the issuing company. Those warrants u trade on SGX are issued by Macquarie. Companies themselves do not issue warrants that are traded on the exchange.

So what is their purpose? Mainly just another betting tool for the avverage speculator. For the issuer, it is just another betting game they come up to make money. ​​​