The Singapore Mercantile Exchange, the start-up derivatives market owned by Indian technology firm Financial Technologies, has said it will finally go live in August with an offering of commodity contracts.
It will be the first of three bourses introduced by the FT Group in 2010. Plans for a new Singapore-based commodity exchange were first announced in February 2008, and then a 2009 launch was planned.
“SMX will look to create an Asian liquidity pool by facilitating trading on a single exchange,” said Thomas McMahon, chief executive of SMX, in a statement. “SMX,...