The Singapore Mercantile Exchange began trading yesterday (August 31), bringing to an end a two year wait for the launch. The bourse enjoyed a steady first day of trading in its four contracts, a product suite that may soon expand.
SMX was launched at a ceremony with two guests of honour: Ong Chong Tee, deputy managing director of the Monetary Authority of Singapore, and TCA Raghavan, high commissioner of India in Singapore.
They were joined by senior representatives of...