Crude Oil Futures Set To Trade on Singapore Mercantile Exchange (SMX)
Filed under: Capital Markets, Commodities, Financial, Financial Services
Financial Technologies (FT) Group’s Singapore Mercantile Exchange (SMX) has received final approval from Singapore authorities to operate as an international commodity and currency derivatives exchange there.
SMX is the first pan-Asian multi-product commodity and currency derivatives exchange. The Monetary Authority of Singapore (MAS) granted ‘Approved Exchange’ status to SMX to operate out of Singapore as a regulated and licensed exchange, a company release said here. SMX has announced four products, which will be traded when the exchange goes live:
- Gold futures contract with physical delivery
- West Texas Intermediate (WTI) Crude Oil
- Brent-Euro Crude Oil and
- Euro-US Dollar futures contracts
“SMX will create a new generation international commodity and derivative trading platform at par with best global exchanges in New York and London,” Financial Technologies Group CEO and SMX’s Vice Chairman, Jignesh Shah said. SMX is a wholly-owned subsidiary of Financial Technologies Group.
PMBOK 4th Edition Guide For PMP Certification Exam
Filed under: Business-Services, IT Services, Outsourcing
Are You Planning To Take PMP Certification Exam based on PMBOK 4th edition? If yes, then our latest PMBOK study guide has tips to prepare better for PMP project management certification exam based on the latest PMBOK 4th edition, which has become applicable from 1st July 2009.
So if you are going for PMP certification 4th edition, this PMBOK study guide has notes from the latest exam, and the tips will be valuable for you.
Here are the points it covers:
* What is the new exam structure and how to approach it?
* What kinds of questions are being asked on different topics?
* What are the areas of high importance, which you must prepare with extra focus? Read more
Reliance Industries acquires Marcellus Shale Gas from Carrizo Oil & Gas
Filed under: Commodities, Energy, Natural Gas, Oil & Gas, Technology, Venture Capital & Private Equity
Reliance Industries (RIL) will buy its third shale gas asset in the US for $392 million. RIL will pay $340 million in cash to acquire a 60 per cent stake in the Marcellus shale-gas acreages held by Carrizo Oil and Gas Inc and its partner, and the remainder $52 million would in Carrizo’s drilling cost in the Marcellus shale-gas areas of central and northeast Pennsylvania.
Earlier in 2010, RIL had bought a 40 per cent stake in Atlas Energy Inc’s Marcellus Shale acreage for $1.7 billion. Then in June 2010, it had agreed to buy a 45 per cent stake in Pioneer Natural Resources Co’s Eagle Ford shale natural gas asset in Texas for about $1.36 billion. Read more
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