Mon Feb 28, 2011 5:57am GMT
SINGAPORE Feb 28 (Reuters) - Singapore Mercantile Exchange (SMX) said on Monday that global brokerage Newedge has signed up as a general clearing member of the bourse.
Newedge is a 50/50 joint venture between Societe Generale and Credit Agricole CIB.
SMX, controlled by India's Financial Technologies , was launched on Aug. 31 last year and currently trades euro-denominated oil futures, as well as gold and euro-dollar futures.
The bourse said last month it plans to introduce an iron ore futures contract in the second quarter. (Reporting by Manolo Serapio Jr;Editing by Ed Lane,sourced:Thomson Reuters)
Newedge is a 50/50 joint venture between Societe Generale and Credit Agricole CIB.
SMX, controlled by India's Financial Technologies , was launched on Aug. 31 last year and currently trades euro-denominated oil futures, as well as gold and euro-dollar futures.
The bourse said last month it plans to introduce an iron ore futures contract in the second quarter. (Reporting by Manolo Serapio Jr;Editing by Ed Lane,sourced:Thomson Reuters)
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