Asian Futures Markets Competition Increased

By Himfr Paul

Singapore is using its unique maritime location and advantages of the international financial market, launched its fight for the Asia Pacific region attractive commodity futures market action cake.

12534 hand, it is up to yesterday 15:25 Xinhua China A50 index futures (the “A50”) closed, the Singapore Exchange (SGX) announced on the website of the month delay of the contract price (the penultimate month day maturity) the latest positions. The data for 9348 the day before hand, before the National Day is also the only 7637 hands. Two months ago, in the long-dormant A50, was empty of their positions!

Contrast China Financial Futures Exchange Shanghai and Shenzhen 300 index futures trading volume of recent landslides and nearly half of its market still stop at the 30,000 hand positions, A50 of the catch can not awesome. In fact, not content with the world’s largest OTC energy derivatives trading center of Singapore, took office last December Kerr SGX CEO, has stepped up its use of international advantage with China and India These two compete for the Asian leading market share in international commodity futures market action.

According to the U.S. Futures Industry Association (FIA) recently announced 76 major global derivatives exchanges in the first half turnover statistics, futures trading volume during the first half of this year the Asia Pacific region accounted for 37.5% of the world, and since the leader of this year for the first time beyond the North America. Among them, China’s three commodity futures exchanges of total turnover accounted for 48.7% of the global commodity markets, to steel, zinc, copper and metal volume swept the top three of the Shanghai Futures Exchange, the first time the world’s top nine advance Exchange, CME’s also become much more than the New York Mercantile Exchange (NYMEX) the world’s largest commodity futures exchange.

India’s National Stock Exchange (NSE) and Multi Commodity Exchange (MCX), is dependent on stock market, especially the phenomenal growth of foreign exchange trading volume, respectively, the global ranking rose to No. 5, No. 11, while the MCX crude oil, natural gas and copper, nickel, silver, gold, zinc, respectively, were also among the energy, metals trading volume the top 20.

However, with the rise of the real economy, “BRIC” Although China and India in the twenty years ago to replace the global futures and options trading still accounts for nearly one-fifth of Japan as Asia’s two leading Commodity Futures Trading market, but because the two countries relatively closed market, the exchanges are limited to domestic services. Singapore is using its unique maritime location and advantages of the international financial market, launched its fight for the Asia Pacific region attractive cake commodity futures market action.

In fact, Singapore’s oil, “paper goods transaction” has long been the world’s largest OTC energy derivatives (OTC) center, launched in April last year by the iron ore swaps business, SGX has become a clearing account for 90% of the world The largest iron ore swaps markets, on Monday (11) also began offering OTC natural rubber (TSR20) clearing business.

In addition, in July this year, SGX and the London Metal Exchange (LME) has signed an agreement to market mini LME metal futures contracts are due for delivery in the spot under the LME cash settlement price. SGX, according to the person concerned and to submit to the “First Financial Daily” reporters that the first quarter of next year will be the first listing of copper, zinc, these two species.

Interestingly, SGX is also facing 31 August this year, opened in Singapore Mercantile Exchange (SMX) the strong competition. Shareholders have a background in India SMX, listing contracts denominated in euros European Brent crude oil futures (Brent-Euro Crude Oil), dollar-denominated WTI light crude oil, gold futures and Eurodollar futures.

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