Singapore, 28 February 2011

Commodities Now: Newedge further strengthens its Singapore and Asian presence by offering its global and Asia pacific client base access to SMX commodity and currency derivative products.

Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, announced that leading global brokerage Newedge is fully-operational as a General Clearing Member (GCM) of SMX effective today.

The SMX membership allows Newedge to transact, clear and settle customer trades, including any other Broker Member or Trade Member of the Exchange. Newedge is one of the leading commodity brokers on agricultural products, energy, emissions and metals, but also offers global multi-asset brokerage services for a range of listed and OTC derivatives and securities.

Mike Gilbert, Newedge Global Head of Professional Trading Group & Head of Clearing Asia Pacific, said: “Newedge SMX membership adds to our presence in Singapore where we already have a significant position. We are pleased to offer SMX access to our clients and take part in the development of commodities and derivatives markets in Asia. ”

Ends --