Ice to launch Brent and gold contracts in Asia

US exchange looking to tap into regional commodities demand with its SMX purchase

the-ice

Ice is looking to launch five separate contracts when its Asia clearing house goes live on March 17 next year, with market sources indicating that Brent crude and gold are the likeliest to go ahead, potentially joined by two agricultural products and a regional oil contract.

The Atlanta-headquartered group bought SMX last year for $150 million, a deal which saw it leapfrog rival global exchanges in the battle for the Asia clearing market because Ice acquired a Singapore clearing licence as part

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