This content is from: Innovation

LME, SGX To Offer Metal Futures

The London Metal Exchange and the Singapore Exchange (SGX) will start trading copper, zinc and aluminum futures on the Singapore bourse.

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.

Click here for the story from Bloomberg.

Related Content