SGX eyeing gold futures contracts?

SINGAPORE Exchange (SGX), which has been actively building its derivatives business as its securities division remains under pressure from low trading volumes, is said to be considering gold futures contracts.

This would include physical deliveries in and out of Singapore, Bloomberg reported, citing three sources with direct knowledge of the matter.

"As the leading gateway to Asia, SGX is constantly looking into ways to help customers tap growth opportunities and manage risks," the exchange said in response to a query from The Business Times. "While we will publicly announce any new initiatives, we do not comment on speculation."