Sicom, Tocom to collaborate

ERJ staff report (DS)

Singapore -- The commodities exchanges based in Singapore and Tokyo -- Sicom and Tocom -- are to collaborate. One aspect of this will be cross-listing of their respective contracts with the aim of increasing liquidity.

In a joint press release, the two exchanges said, "The collaboration will pave the way for the cross-listing of each exchange's key contracts including rubber and commodity index." The statement continued, "SICOM and TOCOM shall seek to offer cross-membership so that members can remotely access each other's exchange readily, subject to relevant regulatory approvals."

Mr Jeremy Ang, Chief Executive Officer of SICOM said, “We are very pleased to

deepen our relationship with TOCOM, an esteemed commodity exchange in the

region. This collaboration aims to widen the distribution of our key rubber contracts

and the Nikkei-TOCOM Commodity Index to the Japan, Singapore and global trading

communities. We regard this as an important milestone in strengthening the

benchmark status of SICOM's rubber contracts.”

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Press release from Sicom