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Sing commodities jobs on a roll

Singapore commodities traders have plenty to look forward to - trading jobs are increasing, so are related risk management and administrative roles.

Rama Pillai, who heads the members and institutions business at the Singapore Exchange (SGX), tells us there's a particular need for staff with experience in ensuring the delivery of commodities following settlement.

And Rick Jansz, managing consultant at search firm BSI People, says several banks plan to add commodities traders in Singapore this year. "Risk and quant analysts, as well as operational and credit expertise are also needed," he says.

SGX is doing its best to promote Singapore as a commodities centre. In May 2006 it launched an over-the-counter energy derivatives clearing facility. And last September it launched a Joint Asian Derivatives Exchange (JADE) with the Chicago Board of Trade. The new exchange is expected to offer a wide range of international commodity contracts and should generate commodity derivatives jobs in Singapore.

Commodities roles in Singapore should be boosted further in late 2007 or 2008 when the Monetary Authority of Singapore (MAS) is expected to take over the regulation of exchange traded commodity derivatives trading from the Ministry of Trade and Industry. MAS regulations are expected to tie in commodity derivatives trading more closely with the city's large financial markets industry.

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