ICE buys Singapore Mercantile Exchange to serve as Asian hub

IntercontinentalExchange said on Tuesday it would buy the Singapore Mercantile Exchange (SMX) in a US$150 million deal that gives it a foothold in trading and clearing in Asia, the main engine of growth for the commodities market.

via Business feed http://www.scmp.com/business/commodities/article/1361121/ice-buys-singapore-mercantile-exchange-serve-asian-hub