Australia's ASX, Asia-Pacific's second-largest listed stock exchange, has delayed the launch of its thermal coal futures contract pending regulatory clearance, an official from the bourse said on Monday.
"The process of regulatory clearance is still ongoing so the launch date has been deferred," Anthony Collins, general manager for emerging markets at ASX, told Reuters.
He added that ASX has already informed market participants of the delay on 14 April. ASX had planned to launch the thermal coal futures contract on 21 April.
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