SGX partner Chinese counterpart to develop commodities market
Tuesday, 11 March 2014 01:01
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The Singapore Exchange (SGX) will work with a commodity exchange in China to develop the commodities markets in both countries.
The two exchanges signed a memorandum of understanding (MOU) for the partnership on 7 March, SGX said in a statement on Monday.
The bourse said it and the Dalian Commodity Exchange would jointly explore areas such as the development of new commodity derivatives and investor education in each other’s markets.
Chief Executive Magnus Bocker said that the collaboration was an effort to enhance the commodity offerings and infrastructure in Asia, particularly in the iron and steel industry.
