Investing.com - Financial Markets Worldwide

ICE to launch Singapore platform in Nov with 5 new contracts

Published 2015-09-09, 05:15 a/m
ICE to launch Singapore platform in Nov with 5 new contracts
GC
-
LCO
-

MANILA, Sept 9 (Reuters) - Intercontinental Exchange ICE.N
will launch its Singapore platform on Nov. 17, with five new
contracts, the bourse said on Wednesday.
The contracts are one-kilogramme gold futures and
"mini-Brent" futures that ICE announced earlier as well as mini
gasoil and mini onshore and offshore renminbi futures.
ICE's mini-Brent contract will be for 100 barrels each, a
tenth of the size of its Brent crude oil benchmark LCOc1 .
Atlanta-based ICE earlier planned to launch its Singapore
platform in March. But China's Zhengzhou Commodity Exchange
complained against the use of its settlement prices as
references for the cotton and white sugar futures contracts that
ICE was initially looking to launch.
The five contracts it will introduce in November "reflect
customer demand and complement ICE's existing portfolio of
financial and commodity benchmark contracts", the bourse said in
a statement.
ICE bought the Singapore Mercantile Exchange in 2014 for
$150 million to gain a foothold in trading and clearing in Asia,
adding to its network of markets and clearing houses in the
United States, Canada, Brazil, Britain and continental Europe.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.