Singapore Exchange (SGX) is consulting the public on the proposed
introduction of new metals futures contracts, namely lead, tin and
steel billet, for trading on SGX’s derivatives market.
The proposed new contracts will expand SGX’s current suite of
commodities contracts, in addition to the first three metal contracts
(copper, aluminium and zinc) to be launched on February 15.
With Asia becoming a hub for commodities, these new contracts will
cater to increasing investor interest in metals trading and provide
market participants additional investment opportunities during the
Asian trading hours, SGX said.
The introduction of new futures contracts arises from SGX’s partnership
with the London Metal Exchange (LME). These new contracts
are standard, cash-settled metals futures contracts based on settlement
prices from LME.
Market participants and members of the public can send in their
comments and suggestions on the proposed contracts to SGX from
Monday until 9 February 2011.
No comments:
Post a Comment