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LME, SGX To Offer Metal Futures
The London Metal Exchange and the Singapore Exchange (SGX) will start trading copper, zinc and aluminum futures on the Singapore bourse.
TheLondon Metal Exchange(LME) and theSingapore Exchange(SGX) will start trading copper, zinc and aluminum futures on the Singapore bourse,Bloombergreports. Each dollar-denominated LME-SGX Metal Futures contract will represent five metric tons of metal, compared with the benchmark 25-ton contracts traded in London.
The LME-SGX metal futures, which replicate the specifications of the LME’s own reduced-sized contracts, LMEminis, will be cash-settled and trade in two sessions. The SGX is also checking with the public on the introduction of lead, tin and steel-billet futures.
Click here for the story fromBloomberg.