A future for Asian commodities

Singapore Exchange teams up with the Chicago Board of Trade to offer commodity derivatives.

The Singapore Exchange and the Chicago Board of Trade have signed a memorandum of understanding that allows the two exchanges to develop futures and options-on-futures contracts on Asian-based commodities. The contracts can be traded on Chicago's electronic trading platform and cleared by the Singapore Exchange's derivatives clearing house.

A Singapore Exchange spokesperson said the exchanges hope to launch the initiative in the first half of 2006, and while they haven't yet set a definitive list of...

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