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TSR 20 Rubber----------Technically Specified Rubber 20 Futures Contract 天然膠
JADE ----------------- Joint Asian Derivatives Exchange
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http://www.cbot.com/cbot/pub/cont_detail/0,3206,1036+41311,00.html
Singapore, September 1, 2006 – Joint Asian Derivatives Exchange (JADE) is pleased to confirm the key features of its first product, Technically Specified Rubber 20 Futures Contract (TSR 20 Rubber), which is targeted for launch by September 25, 2006.
JADE TSR 20 Rubber, a US dollar denominated futures contract, will soon be accessible globally via CBOT’s robust electronic trading platform. Participants of this futures contract will enjoy trade efficiency and transparency in the JADE marketplace. Customers will also benefit from the reliable and efficient clearing infrastructure of the SGX Derivatives Clearing House.
“We look forward to the launch of JADE and its TSR 20 Rubber Futures Contract for it will create more trading opportunities in this commodity for global participants, hedgers and arbitrageurs alike, “ said Mr Emmanuel Faure, Chief Executive Officer, Asia ex-Japan, Fimat Hong Kong Limited.
Mr Chong Kim Seng, Managing Director, JADE, added, “TSR 20 Rubber is the most sought-after grade of TSR exported from Asia. JADE believes that the TSR 20 Rubber Futures Contract will meet the derivatives industry’s demand for an efficient hedging instrument in Asia. We are excited that market participants can soon gain global access to Asian-based commodities electronically. New market players will find this a timely opportunity to participate in this vibrant marketplace through JADE.”
TSR 20 Rubber is also endorsed by the JADE Rubber Advisory Committee (JRAC) led by Mr Leong Tim Fook, Executive Director of RubberNet (Asia) Pte Ltd, who is also serving as the Chairman of the Committee. Comprising experienced physical and derivatives trade professionals, the Committee has been established to advise JADE on the development of its futures contracts to meet the dynamic needs of the derivatives rubber industry in Singapore and the region.
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