Singapore Exchange said it’s consulting the public on a proposal to introduce lead, tin and steel billet futures trading.
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Posts Tagged ‘futures’
Singapore’s SMX eyes Q2 launch of iron ore futures: Update
January 26th, 2011 |
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The Singapore Mercantile Exchange plans to launch an iron ore futures contract in the second quarter, its chief executive said on Wednesday, as it moves to tap a growing need for a more transparent pricing of the steelmaking ingredient.
Singapore’s SMX says plans to launch iron ore futures in Q2
January 26th, 2011 |
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The Singapore Mercantile Exchange is expecting to launch an iron ore futures contract in the second quarter, its chief executive said on Wednesday.
SGX Euro STOXX 50 futures to debut on Dec 6
November 19th, 2010 |
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Singapore Exchange (SGX) today announced that the SGX Euro STOXX 50 Index futures and options on futures will start trading on its derivatives market on 6 December.
The debut of the US-dollar denominated Euro STOXX 50 futures and options will mark the first time these products are available in Asia.
Janice Kan, Senior Vice-President, Derivatives, at SGX says, “The launch of the SGX Euro STOXX 50 futures and options will allow investors to respond earlier to developments occurring outside of European trading hours but affecting European equity markets. The addition of these contracts will bring a more international flavour to our suite of equity index derivatives, thereby strengthening our position as the listing, trading and clearing venue of choice in Asia.”
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STI down 0.2% to 3,204.89; DJIA futures up, supporting
November 18th, 2010 |
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Singapore shares mostly still under water but not likely to extend declines given firm US stock futures, gains in most Asian markets, according to Dow Jones.
STI off 0.2% at 3,204.89 at 2:40 p.m. vs morning low of 3,193.55, expected to hold above current 3,150 November trough.
“Some of my clients refuse to get out of the market. With global interest rates so low, they want to buy on pullbacks thinking the US economy will still grow. QE2 definitely helps,” says dealer at foreign brokerage. DJIA futures up 71 points in screen trade. Overall participation low, market volume light.
Most active stocks comprise good mix of large, small caps, including Genting Singapore (G13.SG), off 2.4% at $2.05, Top Global (519.SG), flat at $0.015, United Fiber System (P30.SG), off 10.0% at $0.045, Golden Agri-Resources (E5H.SG), off 2.1% at $0.715, Genting Hong Kong (S21.SG), off 2.2% at US$0.455.
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CWT sets up futures commission merchant subsidiary
November 2nd, 2010 |
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CWT, the provider of integrated logistics solutions, today announced the formation of a new company, Straits Financial LLC, to clear futures and derivatives trades for its clients. Presently, the company is in the process of registering with the National Futures Association (NFA) as a United States Futures Commission Merchant (FCM) and applying for clearing memberships with the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT).
1 of the 2 Administrative Judges at the Commodity Futures Trading Commission Vowed NEVER to Let a Complainant Win. He’s Kept His Promise for 20 Years
October 20th, 2010 |
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The Commodity Futures Trading Commission (CFTC) is an important agency. It is largely responsible for regulating derivatives and other important instruments.It is supposed to prevent and prosecute fraud.So it is stunning that one of the two administra…
Computer Futures – Right Strategy to Let You Know Cloud Computing Technology. Posted By : Gaurav Virk
October 1st, 2010 |
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Do you know what is cloud computing? What should be the upcoming features of your computer? Who are your service provider and what is IT? If you do not know or is a student of computer application Advance, you’re in the right place to help them understand right from its definition, essential and the cloud computing model and its key service providers and the challenges of cloud computing.
GMG Global surges on as rubber futures up
September 22nd, 2010 |
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Shares of Singapore-listed rubber firm GMG Global <GMGG.SI> rose 23% to $0.29, a shade below record high levels, on Wednesday after rubber futures in Tokyo rose to its highest level since late April on expectations of a global rubber shortage.
Over 150 million shares had changed hands by 11:29 a.m.
GMG Global +23.4% as rubber futures hit 5-month highs
September 22nd, 2010 |
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GMG Global (5IM.SG) +23.4% at $0.29 on heavy volume, most active in Singapore, prompting queries on price action by SGX, says Dow Jones.
Natural rubber producer yet to reply to exchange, but traders say shares likely driven higher by rise in rubber futures to new 5-month highs.
Benchmark Tocom February contract last Y5.7 higher at Y311.1/kg.
With GMG being only pure natural rubber play on SGX, current strong interest not surprising.
GMG’s earnings in coming quarters likely to get boost if demand for physical rubber remains resilient, boding well for company’s average selling price, which up 80.8% on year to $4,059/ton in 1H10. In bid to seek more growth opportunities, GMG last month formed JV to explore investment opportunities in Thailand.
Orderbook quotes suggest shares may clear $0.30.
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SGX proposes copper, aluminum futures
August 31st, 2010 |
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Singapore Exchange is consulting the public about introducing non-ferrous metals futures contracts for trading on its derivatives market, it said in a statement.
The new futures are the result of the bourse’s partnership with the London Metal Exchange and are for copper, aluminum, zinc and nickel, it said.
The contracts are standard, cash-settled, non-ferrous metals futures based on LME settlement prices. Market participants and members of the public have until Sept 9 to send in their comments, it said.
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SMX CEO identifies 34 futures contracts to launch
August 19th, 2010 |
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Singapore Mercantile Exchange Chief Executive Thomas McMahon said today that the new bourse has identified 34 contracts that it plans to launch over an 18-24-month period.
The exchange will be broadly based across energy, agriculture, metals — including precious metals — and will trade options and over-the-counter instruments, McMahon told reporters.
STI +0.9% at 2:42 p.m., 2,969 resistance; US futures supportive
August 19th, 2010 |
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Resilience in Asian bourses, positive US stock futures keeping Singapore shares firm, according to Dow Jones.
STI +0.9% at 2,945.67, expected to close up for first time in 4 sessions, with resistance likely at 2,969 (Aug 11 peak). Overall, gainers outnumbering decliners by 2 to 1 in broad market.
“The gains are not fantastic but it’s encouraging considering the largely flat sessions we had last week,” says trader at local house.
Small caps still most active, led by Oceanus Group (579.SG), +15.0% at $0.345, United Fiber System (P30.SG), flat at $0.05, Informatics (I03.SG), +6.3% at $0.17, Healthway Medical (5NG.SG), +5.9% at $0.18. Among blue chips, developers, Jardine group best performers, with CapitaLand (C31.SG) +2.3% at $4.03, CityDev (C09.SG) +2.6% at $11.92, Jardine Matheson (J36.SG) +3.3% at US$41.74, Jardine Strategic (J37.SG) +2.7% at US$24.04.
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