SGX steps ups offering to compete with SMX
The Singapore Exchange (SGX) will introduce a fresh range of commodity products in the first quarter of 2010.
At a Singapore-based derivatives conference last week, Magnus Bocker, chief executive of SGX, said the exchange would start trading Fuel Oil 380 CST futures. He also announced the exchange's subsidiary, the Singapore Commodity Exchange, would expand its offerings through the launch of gold, coffee and over-the-counter rubber contracts.
SGX's recent move to boost its offering could be an attempt to compete with the impending launch of the Singapore Mercantile Exchange (SMX) next year. SMX
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