SGX and LME partner on metals futures launch
The London Metal Exchange (LME) and the Singapore Exchange (SGX) have joined forces to launch cash-settled mini monthly metals futures contracts to be traded and cleared on the SGX
The initial suite of futures contracts for copper, zinc and the steel billet will be priced off the LME benchmark contracts, and will be launched in the first quarter of next year, subject to regulatory approval.
David Wilson, head of metals at Société Générale, says the launch of the contracts will ease access for market participants. “In principle it gives more access to players in Asia to price off the LME – to people who haven’t had access to this kind of product before, so that’s got be
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