SMX assures capital and guarantee funds are "sufficient"

Confidence wavers as another Exchange falters.

The Singapore Mercantile Exchange (SMX) and its wholly owned subsidiary Singapore Mercantile Exchange Clearing Corporation (SMXCC), clarified over the weekend that the developments that have taken place in the last week at another Exchange of their group company Financial Technologies India Ltd. (FTIL), have no impact on its business or any other factors including liquidity and risk bearing abilities.

SMX and SMXCC are independent entities incorporated in Singapore, and have been operating as an Approved Exchange and an Approved Clearing House respectively under the regulatory framework in Singapore since 2010. SMX and SMXCC have sufficient capital and guarantee funds as well as a robust risk management mechanism in compliance with the regulatory requirements in Singapore to ensure the protection of interests of their members and customers.