SINGAPORE INTERNATIONAL MONETARY EXCHANGE - SIMEX

The Singapore Exchange established in 1984 as the first financial futures exchange in Asia. Since its start, the SIMEX (Singapore International Monetary Exchange) has been playing a key role in relation to all the financial instruments traded within the context of the total financial and business services over the southwest of Asia. It covers a broad range of futures and options contracts, such as interest rates, stock index, energy and gold in the Asia-Pacific. During its history, the SIMEX has showed a dedicated approach to innovation, like when it has developed, with the Chicago Exchange (CME), the first step towards an exchange system able to manage a 24-hour bargaining session in two different continents called "Mutual Offset System" (MOS). Through this mechanism (MOS) between the SIMEX and the International Petroleum Exchange (IPE) in London, the futures on crude oil can now be exchanged in 18-hour non-stop negotiations in different geographic areas. 
Editor: Claudio DICEMBRINO
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