Singapore, 1 February 2012

Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, today announced the introduction of the Spread Contracts based on copper. The initial set of Spread Contracts shall be based on SMCOPPERCH - the most liquid commodities contract on the SMX platform, and will be available for trading from February 13, 2012 onwards.

The Spread Contract would allow a member to execute two trades simultaneously in two different maturity contracts of the same commodity, by entering a single order. By trading in the Spread Contracts, a member would now be able to take two separate positions by entering one order, one in the near month contract and the other in the far month contract. This would allow members to shift their position from one maturity month to another and hedge their position across maturities.

Mr. V Hariharan, Chief Executive Officer of SMX, said: “SMX fosters its commitment towards global reach and participation, by providing Spread Contracts on one of its most liquid commodity contracts.”

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More information is available at www.smx.com.sg