SINGAPORE (July 17) — The Joint Asian Derivatives Exchange — a joint U.S.-Singapore project — will begin live trading on Sept. 25, with trading of TSR-20 natural rubber futures contracts beginning that day.
JADE is a joint venture between Singapore Exchange and the Chicago Board of Trade. The TSR-20 contracts will be traded on the CBOT electronic platform and cleared by SGX Derivatives Clearing House. JADE said the TSR contract would be followed by crude palm oil before year-end.
"Commodities have increasingly become a key growth area for Asia," said Chong Kim Seng, managing director of JADE. "JADE will continue to develop commodity contracts to meet market demand, and to provide global market participants convenient and cost-effective access to Asian-based commodities. We believe that the active trading and easy access to JADE products will also facilitate price discovery and risk management in Asia."