Singapore announces commodities exchange
The Singapore Mercantile Exchange (SMX) will trade futures and options on precious metals, base metals, energy, agricultural commodities, currency pairs, carbon credits and commodity indices in the Asian time zone.
“The Financial Technologies Group’s interest to establish SMX in Singapore, with close proximity to the region’s largest producers and consumers of several commodities, underscores Singapore’s position as a key commodities trading hub,” Lim Hng Kiang, the deputy chairman of the
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