Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading

By Joel ScanlonAug 31 2010

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.

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

Citations

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APA
Scanlon, Joel. (2019, March 19). Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading. AZoMining. Retrieved on January 31, 2023 from https://www.azomining.com/News.aspx?newsID=274.
MLA
Scanlon, Joel. "Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading". AZoMining. 31 January 2023. <https://www.azomining.com/News.aspx?newsID=274>.
Chicago
Scanlon, Joel. "Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading". AZoMining. https://www.azomining.com/News.aspx?newsID=274. (accessed January 31, 2023).
Harvard
Scanlon, Joel. 2019. Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading. AZoMining, viewed 31 January 2023, https://www.azomining.com/News.aspx?newsID=274.