Singapore Mercantile Exchange, the fledgling commodities bourse, received in-principle regulatory clearance from the Singaporean markets regulator in early December. It hopes to begin trading in the first quarter. The bourse, which completed go-live testing in October, had hoped to launch before the end of 2009
The bourse suffered a setback in October,
when John Mathias – hired from Merrill Lynch as chief
business officer – resigned less than a year into his
While the exchange has yet to confirm a
suite of products for launch, it hopes to offer some 30
contracts across asset classes including precious and base
metals, energy, agriculture, currency pairs and commodity
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