Two "deferred spot" currency contracts got off to a slow start on the Singapore International Monetary Exchange when they launched November 1 (FX Week, October 4). On the first day a total of just over 2,000 lots were traded, almost equally divided between the U.S. dollar/Japanese yen and dollar/Deutsche mark contracts. "We expect it will take up to 12 months for the contracts to take off," says Simex deputy chairman Ho Tian Yee. Ho adds that no date has been finalized for the launch of the

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: