Singapore Commodity Exchange (SICOM), a subsidiary of Singapore Exchange (SGX), has secured a new licence to operate a Commodity Market and Clearing House under the Commodity Trading Act, the only such licence currently issued by International Enterprise Singapore. This new licence is in addition to SICOM’s existing recognised market operator licence under the Securities And Futures Act.

SICOM currently lists two rubber futures contracts, Ribbed Smoked Sheet 3 and Technically Specified Rubber 20. As previously announced, SICOM will be launching new commodities contracts such as gold and coffee in the first half of 2010.