Nyce Denies Claims Singapore's MAS Applied Pressure To Delay Sing$ Launch
EXCHANGES
The New York Cotton Exchange (Nyce) strongly denies that pressure from the Monetary Authority of Singapore (MAS) is the reason why it has postponed its plans to launch the first Singapore dollar futures contract on Finex until later in the year, according to the Nyce's senior vice president Charles Minnaar.
Since the exchange announced that it planned to launch four Asian currency futures--the Singapore dollar, Thai baht, Malaysian ringgit and Indonesian rupiah--sometime in June or early July-
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