Mr. Thomas J. McMahon, Chief Executive Officer of SMX, said: “We are focused on listing contracts to meet specific market needs of industry participants by providing bespoke futures contracts. Specialized derivatives solutions allow SMX to enhance market risk management and unlock hidden value by creating markets. It will be broad-based, have multiple product lines and bring members across the global industry together to a central marketplace under one platform to do business.”

“Asia has always thrived on its resources and thirst for commodities. By committing to being inclusive rather than exclusive, while maintaining a consistently secure, reliable and transparent trading platform, SMX is well-positioned to create a significant liquidity pool representing both international and niche regional trading interests during the Asian time zone,” Mr. McMahon added.

SMX went live today with leading Trade and Clearing Members on board, along with world-class technology partners and Independent Software Vendors (ISVs) to develop both front and back office applications for optimal connectivity worldwide. It has appointed Standard Chartered Bank, RBS and ICICI Bank as settlement banks. Price feeds on SMX Contracts are available through Bloomberg and Thomson Reuters.

Singapore Mercantile Exchange is a pan-Asian multi-product commodity and currency derivatives exchange situated in Singapore. It offers a comprehensive platform for trading a diversified basket of commodities including futures and options contracts on precious metals, base metals, agriculture commodities, energy, currencies and indices.

SMX offers market participants the benefits of market transparency, time zone convenience, price discovery and benchmarking, price risk management and multiple connectivity options. Counterparty clearing and settlement risk is effectively managed through its clearing house, the Singapore Mercantile Exchange Clearing Corporation.

The regulator of Singapore‟s financial markets – the Monetary Authority of Singapore (MAS) – has granted SMX „Approved Exchange‟ status since 2010.

SMX is backed by the world‟s leading creator of exchanges - Financial Technologies (India) Limited - which has successfully established 10 exchanges across India, Dubai, Singapore, Africa, Mauritius and Bahrain.

SMX is a member of leading international derivatives industry associations, such as the Futures Industry Association (FIA), the Swiss Futures and Options Association (SFOA), the Association of Futures Markets (AFM) and the Futures and Options Association (FOA).

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