# Green light for Singapore's third derivatives exchange - The Business Times

> 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.

- Date: 2018-02-26 · published 2018-02-26T12:00:00.000Z
- Category: market · region Singapore · magnitude low
- Page: https://feedsoft.ai/events/66572-green-light-for-singapore-s-third-derivatives-exchange-the-business-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A new Asian palm olein benchmark could shift price discovery toward Singapore, but it has no direct near-term effect on supply or prices.

## Read by commodity

- PALMOIL: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/green-light-singapores-third-derivatives-exchange

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.