SGX and London Metal Exchange talk on Asian expansion

Although the scope of projects is not yet certain, both exchanges said they recognise the potential of a tie-up.

Singapore Exchange (SGX) on Thursday said it is talking with London Metal Exchange (LME) to explore opportunities in Asia. The scope of any project(s) resulting from talks has yet to be determined, however, both exchanges recognise the potential of cooperation.

The LME is the world’s leading market for non-ferrous metals. The demand for trading, hedging and investing in these contracts has increased greatly in Asia due to their relevance to industrializing and emerging markets.

Meanwhile, SGX is a leading venue for commodities, derivatives and securities trading, and brings valuable knowledge and insight of Asian markets to the discussion.

Mr. Magnus Bocker, CEO of SGX said, “We are pleased to work with LME. This relationship will allow both exchanges to maximise their potential in a number of mutually beneficial areas. Interest in commodities remains strong across Asia and we continue to respond to the needs of our customers in those areas of growth.”

Mr. Martin Abbott, Chief Executive of LME said, “We welcome the opportunity to work with SGX, which we consider to be a first-class partner, to allow us to achieve our objectives of bringing new opportunities for growth to the LME and to show our commitment to the Asian region.”

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia