Loading…
Singapore's Monetary Authority approved Apex, a Chinese-backed exchange, to operate a third derivatives exchange and clearing house. Apex plans to start trading in May with a US dollar-settled, physically delivered palm olein futures contract.
A new Asian palm olein benchmark could shift price discovery toward Singapore, but it has no direct near-term effect on supply or prices.
businesstimes.com.sgAngela TanFeb 26, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
