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UOB KayHian joins S'pore diamond exchange as its first broker

Singapore

UOB Kay Hian has joined the Singapore Diamond Investment Exchange (SDiX) - the world's first and only commodity exchange trading in physically settled diamonds - as its first broker.

This gives UOB Kay Hian's clients the ability to trade in the stone, which the exchange is trying to promote as a financial asset class.

The announcement on Thursday marks progress in the development of the exchange, which was launched in July last year to provide a transparency price discovery mechanism for the...

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