Singapore Exchange (SGX) is consulting the public on a proposal to list all rubber futures on its derivatives platform. This is part of SGX’s plan to bring all commodities contracts onto one single trading platform.
Currently, two rubber futures contracts (TSR 20 and RSS 3) are traded on Singapore Commodity Exchange (SICOM), a subsidiary of SGX. The move to transfer the listing of the rubber futures from SICOM to SGX derivatives platform will open up access to a wider pool of international traders, thereby promoting greater participation and liquidity. This reinforces SGX‘s commitment towards serving as the pricing benchmark for regional and global producers, traders and consumers, in tandem with the growth of the rubber industry in Asia.
The consultation paper on the proposal listing of rubber futures and details of the contract specifications will be available on the SGX website www.sgx.com from today. Market participants and members of the public can send in their comments and suggestions on the proposed contract from today until 11 March 2011 via email and either by post/courier or fax to:
Email: rules@sgx.com
And
Post/Courier: Singapore Exchange
2 Shenton Way, SGX Centre 1
#19-00, Singapore 068804
Attention: Gavyn Pang
Regulatory Policy
Fax: +65 6534 2207
