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SINGAPORE: Singapore Exchange (SGX) said Tuesday it is considering the introduction of metals futures contracts.
It's consulting the public on the proposed introduction of non-ferrous metals futures contracts for trading on its derivatives market.
SGX said the introduction of new futures contracts arises from its partnership with the London Metal Exchange or LME.
For starters, it's looking at four new contracts, namely, copper futures contract, primary aluminium futures contract, zinc futures contract and nickel futures contract.
The new contracts are standard, cash-settled non-ferrous metals futures contract, based on settlement prices from LME.
SGX said the proposed new contracts will boost its current suite of commodities contracts, offering its global investors more opportunities.
With Asia becoming an important hub for commodities trading, SGX said the new contracts will meet the needs of market participants during the Asian trading hours.
-CNA/wk
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