Singapore ranks among the top five financial centres in the world. As a bridge between
eastern and western markets, Singapore's successfully free economy, business-friendly
environment and political stability makes it an ideal place to host a multi-product
commodities exchange. The island-republic currently has almost all the required
components for a leading modern-day financial ecosystem:
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Regulatory Framework
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Singapore has an internationally reputable and highly respected regulatory framework.
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Robust Banking Infrastructure
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More than 100 international commercial banks have set up their regional headquarters
in Singapore, which is also home to many top regional banks.
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Established Stock Markets
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More than 700 local and international companies are already listed on SGX to trade
equities, bonds and indices.
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Currency Markets
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Singapore is already the fifth largest foreign exchange trading centre in the world,
and the second largest in Asia closely behind Tokyo.
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Port
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Singapore is the world's largest bunkering port and has been top container shipping
port for a consecutive number of years already.
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OTC Markets
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Singapore is the eight largest OTC derivatives centre in the world.
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Major Trading Hub
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Singapore is the world's third largest oil trading centre after New York and London,
and hosts most major commodity traders.
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Amid these achievements in Singapore's financial ecosystem is the need for a world-class
commodities and derivatives market.
An international exchange such as SMX - offering a platform to trade a diverse range
of commodities including energy, precious and base metals, agriculture, currency
and indices products will cement Singapore as one of the world's top financial and
commercial centres.
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