SGX and CBOT to partner on commodities
The Singapore Exchange (SGX) and Chicago Board of Trade (Cbot) plan to launch a joint commodities derivatives exchange by the end of the third quarter of 2006, while SGX is also in the process of developing a central clearing facility for energy derivatives and forward freight agreements.
Thirteen general clearing members have confirmed their participation to provide clearing for over-the-counter trades, which will start by March 2006.
SGX and Cbot have established a 50/50 joint-venture company in
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