Singapore’s commodities derivatives exchange to go live
Singapore’s central bank Monetary Authority of Singapore (MAS) gives the green light for new commodity and currency derivatives bourse
MAS has given final approval to the Singapore Merchantile Exchange (SMX) to operate as a regulated and licensed commodity and currency derivatives exchange, following a successful round of testing on its electronic trading platform, risk management and clearing & settlement systems.
"Today's development brings SMX a step closer towards revolutionizing the Asian commodities ecosystem," says Thomas McMahon, chief executive officer of SMX. "It will empower Asian economies to be price setters
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