06.05.2016 - Temasek unit backs startup Singapore diamond exchange as trading kicks off
Singapore state investment company Temasek Holdings is throwing its weight behind a diamond exchange that began trading here on Thursday (May 5), backing the project through venture-capital unit Vertex Venture Holdings. Investors can trade single stones as well as so-called baskets of investment-grade diamonds electronically for physical settlement, the Singapore Diamond Investment Exchange said in a statement. At first, the exchange aims to support spot trading, with plans for derivatives and exchange-traded products...............................................Full Article: Source
Print