Singapore Commodity Exchange to start trading gold
Singapore Exchange unit SICOM will begin trading its gold deferred settlement contract on 30 March 2010 to attract new investors.
Also as part of SGX's plan to boost its trading volumes, the new contract will allow investors to be exposed to the international spot gold price and not pay the full notional contract value, according to a Reuters report.
The contract, which will be priced in U.S. dollar per troy ounce, is made up of 10 troy ounces of gold with a minimum purchase requirement of 300 lots.
View the full report in Reuters.
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