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PR Newswire
05-05-2016, 04:46 PM
Will the old system be replaced by a more transparent system? I guess so, since the new system provides more options than old system in the near future, i.e. derivatives.
What do you think?
Temasek unit backs startup diamond exchange as trade kicks off
INGAPORE (May 5): Singapore state investment company Temasek Holdings is throwing its weight behind a diamond exchange that began trading in the city-state on Thursday, backing the project through venture-capital unit Vertex Venture Holdings.
Investors can trade single stones as well as so-called baskets of investment-grade diamonds electronically for physical settlement, the Singapore Diamond Investment Exchange said in a statement. At first, the exchange aims to support spot trading, with plans for derivatives and exchange-traded products.
The move signals a shift away from a centuries-old system where diamonds are largely traded manually and bilaterally in marketplace-style bourses, according to the exchange. Investors with little access to pricing information in the past will now have a benchmark price to value diamonds as an asset, it said. Vertex Venture, a wholly owned unit of Temasek, is among the backers, it said, without giving details.
...
http://www.theedgemarkets.com/sg/article...rade-kicks
What do you think?
Temasek unit backs startup diamond exchange as trade kicks off
INGAPORE (May 5): Singapore state investment company Temasek Holdings is throwing its weight behind a diamond exchange that began trading in the city-state on Thursday, backing the project through venture-capital unit Vertex Venture Holdings.
Investors can trade single stones as well as so-called baskets of investment-grade diamonds electronically for physical settlement, the Singapore Diamond Investment Exchange said in a statement. At first, the exchange aims to support spot trading, with plans for derivatives and exchange-traded products.
The move signals a shift away from a centuries-old system where diamonds are largely traded manually and bilaterally in marketplace-style bourses, according to the exchange. Investors with little access to pricing information in the past will now have a benchmark price to value diamonds as an asset, it said. Vertex Venture, a wholly owned unit of Temasek, is among the backers, it said, without giving details.
...
http://www.theedgemarkets.com/sg/article...rade-kicks
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡