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Singapore Exchange looks to bolster faltering gold contract

Posted on 08 December 2015

The Singapore Exchange (SGX) is looking to boost liquidity of its faltering gold contract by extending trading hours and allowing jewellers and refiners to participate, an official said on Monday. The bourse launched a 25-kg wholesale gold contract in October 2014 with an aim to create a regional benchmark, but the contract has failed to attract volumes, with November recording zero activity.
SGX’s gold contract could face a tough time gathering momentum as it is competing in an increasingly fragmented Asian gold market, where CME Group, Intercontinental Exchange and the Shanghai Gold Exchange have all launched new products over the last 15 months………………………………………..Full Article: Source


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