The Singapore Exchange (SGX) proposed on Tuesday the introduction of metals futures contracts.
The SGX is consulting the public on the proposed introduction of non-ferrous metals futures contracts for trading on its derivatives market.
The introduction of new futures contracts arises from the SGX' s partnership with the London Metal Exchange (LME).
For a start, it is considering four new contracts. They are: LME-SGX Copper Futures Contract, Primary Aluminium Futures Contract, Zinc Futures Contract and Nickel Futures Contract.
These new contracts are standard, cash-settled non-ferrous metals futures contract based on settlement prices from LME.
The SGX said the proposed new contracts will boost its current suite of commodities contracts, offering its global investors more trading, hedging and arbitraging opportunities.
According to SGX, the new contracts will also meet the needs of market participants during the Asian trading hours.
The SGX is consulting the public on the proposed introduction of non-ferrous metals futures contracts for trading on its derivatives market.
The introduction of new futures contracts arises from the SGX' s partnership with the London Metal Exchange (LME).
For a start, it is considering four new contracts. They are: LME-SGX Copper Futures Contract, Primary Aluminium Futures Contract, Zinc Futures Contract and Nickel Futures Contract.
These new contracts are standard, cash-settled non-ferrous metals futures contract based on settlement prices from LME.
The SGX said the proposed new contracts will boost its current suite of commodities contracts, offering its global investors more trading, hedging and arbitraging opportunities.
According to SGX, the new contracts will also meet the needs of market participants during the Asian trading hours.
