Chicago Board of Trade (CBoT) and Singapore Exchange (SGX)
announced an MOU on 23 August with the intention of creating a
new market that focusing on Asian-based commodities.
The two exchanges could have the electronic market set as
early as the first half of 2006, with trading occurring on
CBoT's E-CBoT electronic trading platform and then cleared by
Officials from both exchanges would not discuss exactly
which commodities were being considered, though sources told
FO Week the first contract may be palm oil futures
with rubber and three to four others likely by mid 2006.
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