Singapore Commodity Exchange – SICOM

Singapore has two commodities exchanges. SICOM, the Singapore Commodity Exchange, trades in rubber and other agricultural commodities. Until 1994, SICOM was known as the Rubber Association of Singapore Commodity Exchange (RASCE).

The Singapore Mercantile Exchange (SMX) has a wider commodity portfolio than SICOM, trading in precious metals, base metals, agriculture, energy and currencies.

Why invest in Singapore?

China is unfairly collecting accolades as the world’s fastest-growing economy. Both India and Singapore show signs of overtaking it in the near future. Indeed, Singapore is already out-pacing the rest of the world. In the first half of 2010, the GDP grew by 17.9 per cent. More than 70 per cent of this growth can be attributed to the finance and services sectors.

Singapore has one of the busiest ports in Asia. It’s location adjacent to the Straits of Malacca, a critical trading channel, it is poised to become Asia’s biggest shipping hub. Named after the 15th century Emperor Melaka, the Straits connect the major economies of China, South Korea, India and Japan.

Peek outside our own gloomy European economic window, folks. It’s not all doom and despondency. Trading on the Singapore Commodity Exchange has very good potential for the near future.

>> Read more about the other Commodity Trading Exchanges