Intercontinental Exchange Focuses on Renminbi & Commodities Trading in Singapore

After the Intercontinental Exchange (NYSE:ICE)  last year, it has become the first non-Asian exchange to own a clearing house in the region. Earlier this year, it and unveiled its plans to restart operations in March 2015.

Following feedback from local market participants, the Intercontinental Exchange (NYSE:ICE) announced today the specifications of the first five futures contracts to be listed for trading and clearing at ICE Futures Singapore and ICE Clear Singapore, subject to a regulatory approval by the Monetary Authority of Singapore (MAS).

The first five futures contracts are on Mini ICE Brent Crude, One-kilo Gold, Chinese Cotton No.1, Chinese White Sugar and the Chinese Renminbi.

The Intercontinental Exchange Inc. (NYSE:ICE) has also decided to leverage its repository technology in the region and ICE Trade Vault LLC submitted a foreign trade repository application to the MAS.

Intercontinental Exchange Inc.’s operating arms in the region, ICE Futures Singapore and ICE Clear Singapore, are , serving as president and chief operating officer, previously working at ICE Endex in the Netherlands, which constitutes the company’s Dutch gas and power derivatives business.

Following is a table of the contract specifications for InterContinental Exchange’s offerings in Singapore.

ICE Singapore Futures Contract Specifications

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