| Singapore - Singapore Commodity Exchange | ||||
 |
Head Office | |||
 |
News Archive | |||
| Home - Singapore - Singapore Commodity ... |
| Singapore - Singapore Commodity Exchange | ||||||
|
||||||
|
||||||
| About the exchange Singapore Commodity Exchange provides a centralised and regulated marketplace for commodity futures to be traded in Singapore. This paves the way for Singapore to become a commodity futures trading centre complementing its international trading activities. The Exchange is governed by statutory acts. Integrity of its trading and financial practices is assured. The financial integrity of the marketplace is safeguarded by the Exchange through its membership criteria and trading rules. While buyers and sellers do not meet in a trading pit, the Exchange's computerised trading network linking the market-makers/brokers provides them with an efficient price discovery system. The system ensures the best bid and offer for all the market's participants. Of pivotal importance, however, is the role of the Exchange's Clearing House. All futures contracts transacted between buyers and sellers are cleared through the Clearing House. As rubber is the first commodity to be traded, the Exchange is, for a start, owned and run by some of the world's most experienced rubber brokers and traders. This ensures their continued support as market-makers / brokers / traders and liquidity providers. The rubber trade will benefit from their vast store of experience and information and the liquidity they inject into the market. Market participants are encouraged to join the Exchange as members as this gives them an edge in the world's largest rubber market. Members enjoy lower brokerage charges and privileged access to the Exchange's computerised trading system. Clearing Members, who are also shareholders, have a significant voice in policy decisions affecting the development of the Exchange and the market. The Exchange is promoted internationally. The International Enterprise Singapore Board, for example, markets the Exchange through its international network of 31 offices. As its regulatory authority, the Board also keeps tabs on the Exchange to ensure that the best interests of its members and market participants are safeguarded. The Exchange also conducts market research into new futures contracts, educates the commodity trading community and the general public on the economic benefits of futures trading, and carries out audits and market surveillance activities to ensure members' compliance with Exchange Rules. |
||||||
| Category |
| International Stock Exchanges |
Visit us on 
|
| Profile Media (Pty) Ltd has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. Other Profile Group sites: ShareData Online (stock market data) | FundsData Online (unit trust data) | Profile Group corporate site [ Privacy Policy | PAIA manual | © Copyright Reserved 2012 ] |