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 proposed products, it is likely to include agricultural commodities.
We are excited about the opportunity to be a partner with the Chicago Board of Trade who brings with them a global...
