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ANATOMY OF THE SINGAPORE INTERNATIONAL COMMODITY EXCHANGE
Author(s) -
Perry Martin
Publication year - 1994
Publication title -
singapore journal of tropical geography
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.538
H-Index - 42
eISSN - 1467-9493
pISSN - 0129-7619
DOI - 10.1111/j.1467-9493.1994.tb00243.x
Subject(s) - commodity , business , economics , international trade , political science , commerce , finance
International commodity trading forms one of the three main activities attracted to international financial centres. A profile of international commodity exchange in Singapore is presented based partly on a survey of international traders approved under two government incentives (the approved international trader and approved oil trader schemes). The types of trading organisation, their activity, location decisions and evaluation of Singapore as a trading centre are discussed. Three office types are identified — the staging post, the regional mandate and the risk balancer. The regional mandate is the dominant model and is one aspect of a high level of regional containment to commodity trading. This finding is contrasted with the expectations of world city theory and its emphasis on the integration of financial centre activities into global markets.