The London Metal Exchange (LME) and the Singapore Exchange (SGX) will start trading copper, zinc and aluminum futures on the Singapore bourse, Bloomberg reports. Each dollar-denominated LME-SGX Metal Futures contract will represent five metric tons of metal, compared with the benchmark 25-ton contracts traded in London. The LME-SGX metal futures, which replicate the specifications of the LME’s own reduced-sized contracts, LMEminis, will be cash-settled and trade in two sessions. The SGX is also checking with the public on the introduction of lead, tin and steel-billet futures.
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