ERJ staff report (DS)
Singapore -- Singapore Commodity Exchange (SICOM), a subsidiary of Singapore Exchange (SGX), will commence trading its new Gold Deferred Settlement Contract (â€œSICOM Goldâ€) on Tuesday, 30 March 2010, 9:38am (Singapore time)*.
The SICOM Gold contract allows market participants to gain exposure to the international spot gold price without having to handle any physical delivery of gold nor payment of the full notional contract value.
SICOM's Chief Executive Officer, Jeremy Ang said, â€œWe are pleased to introduce our first new contract, the SICOM Gold. With its innovative features, the security of trading on an exchange and the popularity of gold trading, we are positive that SICOM Gold will appeal to global investors.â€
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Sicom