Published On: Tue, Aug 31st, 2010

SGX Proposes Introduction of Metals Futures Contracts

Singapore Exchange (SGX) is consulting the public on the proposed introduction of non-ferrous metals futures contracts for trading on the SGX derivatives market.

The introduction of new futures contracts arises from SGX’s partnership with the London Metal Exchange (LME). They are:
1. LME-SGX Copper Futures Contract
2. LME-SGX Primary Aluminium Futures Contract
3. LME-SGX Zinc Futures Contract
4. LME-SGX Nickel Futures Contract

These new contracts are standard, cash-settled non-ferrous metals futures contract based on settlement prices from LME.

The proposed new contracts will boost SGX’s current suite of commodities contracts, offering its global investors more trading, hedging and arbitraging opportunities. With Asia becoming an important hub for commodities trading, these new contracts will meet the needs of our market participants during the Asian trading hours.

The consultation paper on the proposed introduction of the LME-SGX non-ferrous metals futures, which details the rationale and proposed contract specifications, will be available on the SGX website from today. Market participants and members of the public can send in their comments and suggestions on the proposed contracts from today until 9 September 2010 via email and either by post/courier or fax to:

Post/Courier: Singapore Exchange
2 Shenton Way, SGX Centre 1
#19-00, Singapore 068804
Attn: Gavyn Pang
Regulatory Policy
Fax: +65 6534 2207

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