The Singapore Exchange Ltd is considering offering non-ferrous metal futures contracts for trading on its derivitives market.
This situation arises out of the Singapore Exchange's partnership with the London Metals Exchange.
The futures that they are porposing to offer include:
- LME-SGX Copper Futures Contract
- LME-SGX Primary Aluminium Futures Contract
- LME-SGX Zinc Futures Contract
- LME-SGX Nickel Futures Contract
The addition of these new contracts will give Singapore Exchange a larger suite of commodities contracts, offering its global investors more trading, hedging and arbitraging opportunities. They will also serve to offer Asian market participants more options during the Asian trading hours.
The proposal is currently open to consulation and a paper outlining the rationale is available for download from the Singapore Exchange website. Market participants and members of the public are encouraged to voice their opinions and suggestions on the proposed contracts before September 9, 2010.
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Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD.
Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia.
Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.