Change font size:   

August 2008

Asian market round up: Singapore opens new derivatives exchange




Promising "a new exchange for the new economic world order", the Singapore Mercantile Exchange (SMX) aims to be the Asian hub of commodities derivatives trading. The exchange, announced on July 9, will offer futures and options trading in precious metals, base metals, energy, agricultural commodities, currency pairs, carbon credits and commodity indices.







This is a profound ethical issue. These are very sophisticated operations where the counterparty was not a hedge fund – it was not even a financial institution. Should a grocery chain be selling volatility protection?

Guillermo Ortiz, central bank governor, lambasts investment banks for entering FX trades with local retailer Comercial Mexicana which led to Mexico’s monetary authority having to raise over $8 billion to cover positions

Ruromoney Jobs Post a job