SGX SICOM Rubber Futures Achieves Record
Michael Syn, Head of Derivatives at SGX
Total futures volume traded on 12 September 2013 was 3,412 lots (equivalent to more than 17,000 tonnes), representing 35% of international markets. Trading interest in the SGX SICOM Rubber Futures market is also at an all-time high since the SICOM market migrated to the SGX Derivatives Trading platform in 2011, with monthly volumes in August 2013 surging 46% higher than a year before.
More than 70% of major tyre manufacturers rely on SGX SICOM TSR20 and RSS3 Rubber prices as their pricing benchmark. In addition, SGX SICOM TSR20 Rubber Futures contract is the only actively traded instrument in the industry that is used to manage price and counterparty risk exposure in Technically Specified Rubber (TSR).
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