SINGAPORE, May 21 (Bernama) -- The Singapore Mercantile Exchange (SMX) Friday announced, it will launch Singapore's first gold futures contract, that will be physically settled.SMX, a commodity derivatives exchange, said in a statement here, this will be the first product to be launched when it moves into pilot testing and subsequently goes live.
It said the gold contract would be delivered at high security vault facilities in Singapore. It includes the new state-of-the-art vault facility, which would be operated by JP Morgan, in Singapore's first round-the-clock free trade zone. Full Story
