Singapore International Monetary Exchange
Encyclopedia
The Singapore International Monetary Exchange (SIMEX) was a futures exchange
in Singapore
.
It was founded in 1984. On 1 December 1999, SIMEX merged with the Stock Exchange of Singapore
(SES) to form the Singapore Exchange
(SGX).
Futures exchange
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of...
in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
.
It was founded in 1984. On 1 December 1999, SIMEX merged with the Stock Exchange of Singapore
Stock Exchange of Singapore
The Stock Exchange of Singapore was a stock exchange company in Singapore. It was formed in 1973, when the termination of currency interchangeability between Malaysia and Singapore, caused the Stock Exchange of Malaysia and Singapore to separate into the SES and Kuala Lumpur Stock Exchange Bhd...
(SES) to form the Singapore Exchange
Singapore Exchange
Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...
(SGX).