Singapore's new commodities exchange to offer Brent futures

SMX will offer both Brent and WTI futures contracts when it goes live in August.

Singapore's new commodities exchange is set to become the first in Asia to offer the two dominant futures contracts for crude oil. Thomas McMahon, chief executive of Singapore Mercantile Exchange SMX, announced on Friday that the company will be adding Brent futures to its product offering, in addition to the West Texas Intermediate WTI contracts it has already announced.

The cash-settled contracts will be denominated in euro and traded in lots of 1,000 barrels...

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