SGX wants robusta coffee on different platform

From a press release issued by the SGX...

29 November 2010 – Singapore Exchange (“SGX”) is consulting the public on a proposal to list the Robusta Coffee Contract (“Robusta Coffee Contract”) on its derivatives platform. This is part of SGX’s plan to bring all commodities contracts onto one single trading platform.

Currently, the SICOM Robusta Coffee Contract trades on Singapore Commodity Exchange (SICOM), a subsidiary of SGX. The move to transfer the listing of the coffee contract from SICOM to SGX derivatives platform will open up access to a wider pool of international traders, thereby enhancing efficiency and promoting price discovery.

The consultation paper on the proposal listing of SGX Robusta Coffee Contract and details of the contract specifications will be available on the SGX website www.sgx.com from today. Market participants and members of the public can send in their comments and suggestions on the proposed contract from today until 8 December 2010 via email and either by post/courier or fax to:

Email: rules@sgx.com

And

Post/Courier: Singapore Exchange
2 Shenton Way, SGX Centre 1
#19-00, Singapore 068804
Attention: Gavyn Pang
Regulatory Policy

Fax: +65 6534 2207

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