Singapore SGX eyes commodity derivatives

Reuters, 13 May 2009, Kevin Lim
SINGAPORE (Reuters) - Singapore Exchange (SGXL.SI: Quote, Profile, Research, Stock Buzz) said on Wednesday it plans to grow its business by introducing new commodities contracts and settling over-the-counter trades for investors who are now more wary of counterparty risks.
SGX, Asia's second-largest listed bourse by market capitalization, intends to launch new contracts to expand the Singapore Commodities Exchange which currently focuses on just rubber, CFO Seck Wai Kwong told the Reuters Exchanges and Trading Summit.
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