Commodities Exchange in Singapore
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:
- Regulatory Framework – Singapore has an internationally reputable and highly respected regulatory framework.
- Robust Banking Infrastructure – More than 100 international commercial banks have set up their regional headquarters in Singapore, which is also home to many top regional banks.
- Established Stock Markets – More than 700 local and international companies are already listed on SGX to trade equities, bonds and indices.
- Currency Markets – Singapore is already the fifth largest foreign exchange trading centre in the world, and the second largest in Asia closely behind Tokyo.
- OTC Markets – Singapore is the eight largest OTC derivatives centre in the world.
- Major Trading Hub – Singapore is the world’s third largest oil trading centre after New York and London, and hosts most major commodity traders.
- Port – Singapore is the world’s largest bunkering port and has been top container shipping port for a consecutive number of years already.
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.
