Singapore's SMX WTI contracts seen struggling against NYMEX and ICE
The Singapore Mercantile Exchange WTI contracts, which offer a WTI contract throughout the Asian time zone, are unlikely to challenge Nymex and ICE, say market players
The Singapore Mercantile Exchange's (SMX) decision to launch West Texas Intermediate (WTI) crude futures contracts in August has bemused market participants unsure of the benefits of the move.
The exchange, formed in 2008, hopes to compete with the New York Mercantile Exchange (NYMEX) and the IntercontinentalExchange (ICE) by offering WTI contracts during the Asian time zone trading hours.
The SMX
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