SMX gets nod from MAS to start operations
The Singapore Mercantile Exchange plans to create a commodity and derivatives trading platform on a par with the best global exchanges in New York and London.
The Monetary Authority of Singapore (MAS) has given the Singapore Mercantile Exchange (SMX) a final green light to start operations as a regulated and licensed exchange in the Lion City, a critical first step towards SMX's goal to create the first pan-Asia exchange in the region.
"This development brings SMX a step closer towards revolutionising the Asian commodities ecosystem. It will empower Asian economies to be ‘price setters'," says Thomas McMahon, chief executive officer of SMX. "It will
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