Singapore Exchange (SGX) has said it will launch its clearing facility for OTC energy and freight derivatives on 18 May, instead of 5 May as previously planned, due to a government snap election called for 6 May.
The exchange has also signed an agreement with Platts, who will provide the benchmark prices that are used for the final settlement price for all the oil derivatives contracts.
Clearing facilities will be offered on 18 OTC oil and freight derivatives, including...