Hints and tips:
...SMX last traded gold, forex and black pepper futures....
...Atlanta-based ICE has been transforming SMX and its associated clearing house into a new exchange that will act as the company’s springboard for growth in Asia....
...Since the acquisition was announced in November, ICE has closed down SMX’s existing infrastructure, which includes a clearing house and a trading platform on which SMX offered gold and silver futures, as...
...SMX, launched in 2009, failed to gain traction and offers a gold futures contract that has done poorly....
...By buying SMX, ICE secures a fully licensed derivatives clearing house in Singapore, making it the first non-Asian exchange to own a clearing house in the region....
...The other option is the Singapore Mercantile Exchange, (SMX), a commodity bourse owned by India’s Financial Technologies....
...Olam and SMX argue that the rise of Vietnam as the world’s leading pepper supplier has necessitated the launch of global pepper futures....
...“He has been with SMX since 2009 and played a crucial role” in launching the exchange, Mr Shah said. “Mr McMahon expressed his desire to move on.”...
...Thomas McMahon, SMX chief executive, said approval by the Monetary Authority of Singapore “brings SMX a step closer towards revolutionising the Asian commodities ecosystem”....
...The SMX, set up at a cost of S$75m (US$55m) by India’s Financial Technologies group, will announce on Tuesday that it would start trading on August 31 with four products and at least four more ready to be...
...It was “a gap” that SMX expected to fill “in a fragmented Asian marketplace”....
...Any new clearing operation would compete with two existing exchange and clearing operations run by SGX, the Singapore exchange, and Singapore Mercantile Exchange (SMX), owned by India’s Financial Technologies...
...This is the main focus of SMX,” he said....
...The launch of the SMX will bring it into competition with the Singapore Exchange (SGX) and its subsidiary, the Singapore Commodities Exchange....
...Singapore Exchange (SGX) on Thursday said it would launch a range of fresh commodity products contracts early next year as competition steps up with the Singapore Mercantile Exchange (SMX), Asia’s newest...
...For Patsystems, the SMX deal comes in the wake of several other high profile deals in Asia this year....
...“SMX will act as an anchor to the hyper growth economies of Asia,” the exchange says. SMX has another advantage: Singapore is already a strong hub for over-the-counter oil trading....
...He added that the SMX would set up its own wholly owned clearing house and would licence existing secure facilities to be SMX bonded warehouses....
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