Singapore Mercantile Exchange (SMX) today began trading cash settled gold, silver and copper futures in contract sizes of 100 troy ounces, 5,000 troy ounces and 5 metric tonne (MT) respectively, for settlement on expiry against benchmark global futures prices.
SMX Chairman Ang Swee Tian said, "We are happy to offer more trading and investment products on the back of our state-of-the-art technology and low latency solutions."
"We will continue innovating for the marketplace to benefit from high-performance trading and have access to a larger pool of Asian traders and investors," he added.
SMX said it has built up a diverse network of members and empanelled independent software vendors (ISVs) for customers to access the SMX trading platform and would strive to expand the network in all geographies.
It is the first trans-Asian multi-product commodity and currency derivatives exchange, which started trading on August 31, 2010, with futures contracts for Singapore-deliverable gold, currency pair Euro-US Dollar, WTI crude and Brent crude denominated in Euros.
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