Singapore’s commodities derivatives exchange to go live
MAS has given final approval to the Singapore Merchantile Exchange (SMX) to operate as a regulated and licensed commodity and currency derivatives exchange, following a successful round of testing on its electronic trading platform, risk management and clearing & settlement systems.
"Today's development brings SMX a step closer towards revolutionizing the Asian commodities ecosystem," says Thomas McMahon, chief executive officer of SMX. "It will empower Asian economies to be price setters
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