Asian market round up: Singapore opens new derivatives exchange
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CAPITAL MARKETS

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.

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