Just heard on the 6:30pm news that Singapore now ranks 4th in the world for forex transaction. Futures trading volume for SGX-DT only ranked bottom 2nd in the world. This is a very good reason why I quit as a local when the simex pit closed in 2005. Now SGX had form a society called Afact to help boost its futures business. I think those folks who join Afact are not very smart becos Singapore futures when you try trading it, you can doze right off in front of your computer, they hardly move.
EUR/JPY
long 107.15
Eurex bund
bot 134.23
sold 134.00
lost -23ticks
Hi,
ReplyDeleteJust to correct your misconception. Afact was NOT set up by sgx. It was set up by ex locals who are working hard to bring the trading community together. Afact is also working with cme, eurex and SMX (which is a keen competitor to sgx) to bring good deals to our members. Afact members are encouraged to look beyong our shores for trading oppts. With the setting up of afact, many exchanges are knocking at afact door to offer their products to our members. Afact works and look after the benefit of its members.
One can see your hatred for sgx but afact belongs to the traders, not any exchange.