SMX gets regulatory clearance

The Singapore Mercantile Exchange has received “in-principle” regulatory clearance from the central bank to start commodity derivatives trading in 2010.

Undecided yet on which products to offer first, the exchange will be trading precious metals, base metals, energy, agriculture, currency pairs and commodity indexes, according to a Bloomberg report. The commodity derivatives trading, expected to commence in the first quarter of 2010, will be done via an electronic platform developed by Financial Technologies India Ltd.

Chief Executive Officer Thomas McMahon said SMX "continues to work on satisfying the Monetary Authority of Singapore on an agreed set of conditions, so it may commence operations in the New Year."

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.