Vanishing Gold Trade Prompts Singapore to Refine Contract
- Gold trading on Singapore Exchange has dwindled in past year
- Bourse to extend hours and tweak operation to boost trade
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Just over a year ago, Singapore Exchange Ltd. started gold trading to help bolster the country’s role as a bullion hub in Asia, the world’s largest consuming region. Transactions slumped to zero in November and the bourse is now trying to revitalize the market.
“Volumes haven’t been spectacular,” William Chin, vice president of commodities at the exchange, said in an interview. “One of the key reasons is the contract specification itself, and this is quite normal across different products. You don’t always get it right the first time round.”