Financial Times FT.com

SMX wins approval to start trading

By Kevin Brown in Singapore

Published: December 2 2009 04:32 | Last updated: December 2 2009 04:32

Asia’s newest commodity derivatives exchange said it had been given the go-ahead by regulators and would start trading in the first quarter of next year.

The Singapore Mercantile Exchange, which will be Asia’s first stand-alone multi-product commodity derivatives exchange offering unrestricted cross-border trading, said it had been given “in principle” approval by the Monetary Authority of Singapore.

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