China's Derivatives Guru Seeks Commodity Benchmark Dream Abroad

From Bloomberg 

Feb 26, 2018 


One of the founders of China’s derivatives market is going offshore to move closer to his dream of developing global commodity benchmarks in Asia.

Asia Pacific Exchange Pte, backed by Chinese investors, has received licenses from the Monetary Authority of Singapore to operate a derivatives exchange and clearinghouse, said Eugene Zhu, the chief executive officer of the bourse. The market will start by offering refined palm oil futures contracts.

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