The Joint Asian Derivatives Exchange (JADE) got off the ground on 25 September with modest results in its first few days of trading.
The exchange, a joint venture between Chicago Board of Trade (CBoT) and Singapore Exchange (SGX), opened with rubber futures contracts, posting volumes of 28 contracts on day one, 58 on day two and 48 on day three. What pleased exchange officials was that open interest in the first three days of trading stood at 108 contracts. A modest beginning, they said, but one that indicated long-term position traders were using...