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Singapore International Monetary Exchange

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Singapore International Monetary Exchange (SIMEX)
A leading futures and options exchange in Singapore.

SIMEX
A former futures exchange in Singapore. It was established in 1984. It became defunct in 1999, following a merger with the Stock Exchange of Singapore; the two formed the Singapore Exchange.


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In a speech marking the merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange on Wednesday, Deputy Prime Minister Lee Hsien Loong said international members of the new Singapore Exchange also stand to benefit considerably from the changes.
Leeson, whose pounds 850 million losses in futures markets on the Singapore International Monetary Exchange brought down Barings bank, said he always intended to get the money back.
SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
 
 
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