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 relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

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APA
Scanlon, Joel. (2019, March 19). Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=274.
MLA
Scanlon, Joel. "Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading". AZoMining. 21 November 2024. <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 November 21, 2024).
Harvard
Scanlon, Joel. 2019. Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=274.