ICE clear singapore announces first three clearing members
Intercontinental Exchange announced on June 25 that ICE Futures Singapore and ICE Clear Singapore received regulatory approvals from the Monetary Authority of Singapore and that KGI Ong Capital, Phillip Futures and UOB Bullion and Futures were approved as the first three clearing members for its Singapore-based clearinghouse. ICE Futures Singapore is planning to list three contracts: a mini Brent oil futures contract, a contract based on the exchange rate for Chinese renminbi, and a gold futures contract with physical delivery in Singapore. Trading is expected to begin during the fourth quarter of this year.
