SGX and LME to launch three metal futures next year

The two exchanges will jointly launch metal contracts in aluminium, copper and zinc on SGX on 15 February 2011.

The collaboration will enable investors to trade metals in Asia through SGX’s wide distribution network of international and regional members. This brings together, a larger pool of Asian participants and allows them to ride the buoyant investor interest in Asia for metals trading.

In a statement, Magnus Bocker, Chief Executive Officer of Singapore Exchange said, “For the first time ever
SGX members and customers will be able to gain exposure to the price of base metals via SGX’s platform. I am confident that this joint initiative will bring greater vibrancy to the metals market in Singapore and benefit Asia.”

Martin Abbott, LME Chief Executive said, “Investors in Asia clearly value the integrity of LME prices but have told us they want new ways to trade LME metals. The appeal of LME-SGX Metal Futures lies in their small size, their simple monthly dates and settlement linked to the LME’s global benchmark prices.”

LME-SGX metal futures will replicate the specifications of the LME’s LMEmini contracts, which, at 5 tonnes per lot, are smaller than standard 25 tonne-per-lot LME futures and options contracts for aluminium, copper and zinc, and therefore more accessible to a wider range of investors. The LMEminis continue to be available for trading on LMEselect, the LME’s electronic trading platform.

LME-SGX metal futures will have 12 consecutive contract months listed for trading which will be cash settled at expiry based on the LME Official Cash Settlement Price for the relevant metal. LME prices are used by majority of the global metal industry as the benchmark for their physical trading.

The trading hours for the new contracts will cover the Asian trading day (T-session) from 8:00am to 3:20pm Singapore time and the European trading day (T+1 session) from 4:00pm to 2:00am the following day, Singapore time. The new contracts are traded and cleared exclusively on SGX.

To expand the suite of metal futures to meet investors demand, new contracts based on lead, steel,
tin and nickel will follow.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]