Singapore's China-backed exchange to start trading May 25

Pedestrian stand along a promenade in front of commercial buildings standing in the central business district in Singapore, on Friday, Feb. 16, 2018. Photographer: Ore Huiying/Bloomberg

Chinese-backed Asia Pacific Exchange Pte said it will start trading in Singapore on May 25, the latest foray into overseas trading venues by mainland investors.

Apex will offer palm olein futures that will be dollar-denominated and physically delivered, it said in Thursday’s statement. The bourse will be the third derivatives exchange in the city-state, joining venues owned by Singapore Exchange Ltd. and Intercontinental Exchange Inc.

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