All Entries in the "Singapore Mercantile Exchange (SMX)" Category
SMX Announces New Membership Categories and New Precious Metals Contracts
The Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, announced major initiatives to broad base the market participants by introducing new categories of Trade Member. In addition, SMX announced the launch of two popular contracts in precious metals. These initiatives are expected to further develop depth, breadth and liquidity on [...]
SMX Volumes Grew by 20 Times in First Quarter 2012
Witnessing close to ONE Billion contracts valued at almost USD 30 billion traded in the first quarter of 2012, SMX has grown over 20-fold compared to the same period last year. From a mere volume of 37,088 contracts traded in the first quarter of 2011, the Exchange’s trading volume rose to 867,249 contracts for the [...]
Citi Goes Live on SMX as General Clearing Member
Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, announced March 29 that Citi has become active on SMX as a General Clearing Member. Acting via Citigroup Global Markets Singapore Securities, Citi is now able to trade and clear for its global customers on SMX. Existing and prospective Broker Members and [...]
SMX Iron Ore Contract Sets a New High
The world‟s first and only global Metal Bulletin Iron Ore (MBIO) Index Futures Contract (SMMBIO) traded on the Singapore Mercantile Exchange (SMX) crossed a volume of 1,479,800 tons in February 2012, marking a new high since the launch of this unique contract on August 12, 2011. The total volume traded in February was 14,798 lots [...]
SMX Iron Ore Futures Contract Crosses Volume of 1.1 million Tons in September
The world’s first and only global Metal Bulletin Iron Ore (MBIO) Index Futures Contract (SMMBIO) traded on the Singapore Mercantile Exchange (SMX) crossed the volume of 1.1 million tons in September, its first full month since the launch on August 12, 2011. The last day of September also saw SMX record its highest ever overall [...]
Iron Ore Futures Contract Goes Live on SMX
Singapore Mercantile Exchange (“SMX”), the first pan-Asian multi-product commodity and currency derivatives exchange, today announced that the world’s first Iron Ore Futures Contract on a global platform, settled based on the Metal Bulletin Iron Ore (MBIO) Index will be launched on the 12th August 2011. Metal Bulletin is the leading independent provider of premium information [...]
SMX Refines Contract Specifications for Gold Physical, Gold Cash and Silver Cash
Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, is launching its Singapore-deliverable Gold futures and Gold Cash and Silver Cash futures contracts with revised specifications with effect from 8 August 2011, based on recommendations from the Product Committee and industry feedback. The minimum deliverable grade of the Singapore deliverable Gold [...]
SMX to Start Trading GBP-USD and EUR-USD Cash Settled Currency Futures
Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, will begin trading the GBP-USD and EUR-USD cash-settled currency futures from July 29, 2011. In recent weeks, trading volume and turnover has increased steadily on SMX, and the exchange witnessed a historic high trading volume of 9,659 lots on July 27, 2011 [...]
SMX appoints Vaidyalingam Hariharan as Interim Chief Executive Officer
The Singapore Mercantile Exchange (“SMX”) announced June 21 that Mr. V Hariharan has been appointed as the interim CEO with effect from June 20, 2011. He will take over from Mr. Thomas McMahon, who leaves SMX at the end of this month but continues to lend his market knowledge to the group as an external [...]
Global Financial Leaders Join SMX Advisory Board
Singapore Mercantile Exchange (SMX) announced May 9 the inclusion of the eminent H.E. Dr. Milan Meetarbhan, former Chief Executive of the Financial Services Commission (FSC) of Mauritius and presently Mauritius Ambassador to the United Nations in New York and Mr. G N Bajpai, former chairman of the Securities and Exchange Board of India (SEBI) and [...]
