Tuesday November 12 2019
News Source: Global Exchanges
On 11th November 2019, the Dalian Commodity Exchange (DCE) announced that it has been approved as a recognised market operator (RMO) by the Monetary Authority of Singapore (MAS). The new licence will enable the DCE to promote its iron ore futures among Singapore traders.
This is DCE’s second license issued by an overseas regulatory body after DCE obtained the ATS license approved by the Hong Kong Securities and Futures Commission in May 2018.
The RMO license marks an important step forward for DCE to provide a legitimate and convenient channel for Singapore traders to trade iron ore futures. It will help encourage the participation of overseas traders and extend the influence of DCE futures market in Singapore.
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