RETAIL INVESTMENT | Staff Reporter, Singapore

Singapore Commodity Exchange to start trading gold

Singapore Exchange unit SICOM will begin trading its gold deferred settlement contract on 30 March 2010 to attract new investors.

Also as part of SGX's plan to boost its trading volumes, the new contract will allow investors to be exposed to the international spot gold price and not pay the full notional contract value, according to a Reuters report.

The contract, which will be priced in U.S. dollar per troy ounce, is made up of 10 troy ounces of gold with a minimum purchase requirement of 300 lots.

View the full report in Reuters.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.