ICE Futures Singapore and ICE Clear Singapore launched trading and clearing on November 17, 2015. Total volume of 8,847 contracts traded and cleared on November 17, across energy, gold and FX.
ICE is the first international exchange group to establish local trading and clearing infrastructure in Singapore. The first set of ICE Futures Singapore contracts were based on market feedback and include mini Brent futures, mini gasoil futures, kilo gold futures, mini onshore renminbi futures and mini offshore renminbi futures.
The establishment of ICE Futures Singapore and ICE Clear Singapore supports an expanded customer base and the further development of the Asian derivatives markets. In recent years, Asia-based trading activity in ICE’s benchmark commodity and interest rate products has been rising as the region assumes a greater role in global derivatives markets.
ICE Futures Singapore and ICE Clear Singapore operate under the oversight of the Monetary Authority of Singapore (MAS).
See the original announcement.
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Data Sources: ICE | Effective Date: November 17, 2015
