SINGAPORE – A slow start for Sicom’s Robusta coffee futures

MILAN – Singapore Commodity Exchange\’s (Sicom) Robusta coffee futures have seen limited trade but the company is confident that this will come over time.
 
Speaking to The Public Ledger at the International Derivatives Exhibition in London, Magnus Bocker, chief executive of parent company Singapore Exchange, said agricultural commodities were an area of interest for Sicom, which hopes to leverage Singapore\’s strong financial infrastructure and position as a trading hub.
 
Sicom, which specialises in the trading of rubber, coffee and, most recently, gold contracts, is a wholly owned subsidiary of the Singapore Exchange (Sgx).
In other news, Sicom and the Tokyo Commodity Exchange (Tocom) have announced the signing of a Heads of Terms agreement to develop cross-listing collaboration and enhance liquidity of the Singapore and Japan commodity markets.
 
The collaboration will pave the way for the cross-listing of each exchange\’s key contracts including rubber and commodity index.