Sunday, May 08, 2011

Singapore Exchange Derivatives Market to Add Rubber Futures

Starting May 16, Singapore Exchange’s (SGX) derivatives market will add rubber futures to its commodities suite with the migration of SICOM rubber contracts onto the SGX trading platform, the exchange said on Friday.

The addition of SICOM TSR 20 and SICOM RSS 3 rubber futures will enable more international traders to participate in the contracts, thereby enhancing liquidity, SGX said.

The rubber contracts have a history that dates back to the 1920s and are pricing benchmarks for regional and global rubber producers, manufacturers, traders and consumers.

From May 16, TSR 20 rubber contracts traded over-the-counter will also be cleared by SGX AsiaClear.

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