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Tokyo Commodity Exchange to list its crude contract on Singapore Exchange.
TOKYO : The Tokyo Commodity Exchange (TOCOM) said on Wednesday it planned to list its crude futures contract on the Singapore Exchange (SGX) by year-end, but market participants showed little initial enthusiasm.
TOCOM said the contract would be quoted in dollars per barrel instead of yen per kiloliter as on TOCOM, which launched Japan's first crude futures contract in September.
The SGX scrapped its Brent contract last month due to low volumes.
Benjamin Foo, the SGX's senior vice president strategy, products and marketing, said no specific date had been set but the launch would be before the end of the year.
"Middle East crudes, Oman and …
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