MAS sees S'pore growing into a commodities trading centre
Hong Kong
SINGAPORE'S financial regulator will work with commodity exchanges, investors and producers to support the development of the city-state as a trading centre, including the expansion of clearing houses in Asia.
The entry of new clearing houses can boost liquidity and encourage the development of products, the Monetary Authority of Singapore said in a response to queries. Clearing houses help improve risk management in derivatives markets during Asian hours, the MAS said.
Neighbouring Indonesia is the world's largest exporter of palm oil and tin, while Thailand is among the top three shippers of rice, rubber and sugar. Clearing houses operate as central intermediaries between counterparties, reducing risks of default for us…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Swiss watch exports plunge as China and Hong Kong demand dries up
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
BP reshapes its leadership team as some executives leave company
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals