| To feed Asia's growing demand for commodities, India's Financial Technologies group embarked on an ambitious project—to establish a new pan-Asian exchange, focusing on select commodities and currency derivatives.
Singapore Mercantile Exchange, one of the world's newest, went live in August 2010. Though less than 2 years old, the exchange witnessed close to one million contracts traded in the first quarter of this year, valued at almost $30 billion, compared with about 37,000 contracts traded a year earlier...............................................Full Article: Source
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