Singapore Exchange Proposes Copper, Aluminum Futures Based on LME Prices

Aug 31(Bloomber)--

Singapore Exchange Ltd. is consulting the public about introducing non-ferrous metals futures contracts for trading on its derivatives market, it said in a statement.

The new futures are the result of the bourse’s partnership with the London Metal Exchange and are for copper, aluminum, zinc and nickel, it said.

The contracts are standard, cash-settled, non-ferrous metals futures based on LME settlement prices. Market participants and members of the public have until Sept. 9 to send in their comments, it said.