Online Trading Academy Signs Up as Preferred Education Partner of the Singapore Mercantile Exchange

International educational services provider for trading across financial markets to create specialized course on the benefits of trading on the trans-Asian platform

Singapore, February 22, 2011 - Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, has signed a memorandum of understanding (MoU) with Online Trading Academy (OTA), a global financial markets educator, as a Preferred Education Partner for SMX members to access world-class trading and investment training through the expansion of Online Trading Academy’s specialist services tailored around SMX products.

The MoU will see Online Trading Academy incorporating SMX products into existing Online Trading Academy commodity and Forex courses, among several other mutually-beneficial agreements including the production and delivery of education by Online Trading Academy regarding the benefits of trading and investing SMX products.

Eyal Shahar, President and Founder of Online Trading Academy, said: “We are happy that SMX recognizes the value of skills and knowledge attained from Online Trading Academy training and we are honored to be approved as a Preferred Education Partner. We will strive to deliver exceptional educational content and products as our businesses continue to grow and market reach expands as part of the SMX trans-Asian platform for international trading and investments.”

Spencer Campbell, Senior Vice President of SMX, said: "This MoU is an integral part of our long term commitment to increasing public and industry awareness of the functionalities, benefits and risks of commodity derivatives. We are pleased to welcome Online Trading Academy on board our trans-Asian platform and look forward to attracting, developing and retaining members through bespoke education on trading and investing from a global leader such as Online Trading Academy.”

Launched on August 31, 2010, SMX provides multi-currency multi-asset trading and clearing for products with guaranteed settlement and delivery. It enables members to engage in futures trading for WTI Crude and Brent Crude (denominated in Euros). It also has the distinction of launching Singapore’s first gold futures contract (with physical delivery-based settlement) and Euro-US Dollar currency futures.

About Singapore Mercantile Exchange

Singapore Mercantile Exchange is a trans-Asian multi-product commodity and currency derivatives exchange situated in Singapore. It offers a comprehensive platform for trading a diversified basket of commodities including futures and options contracts on precious metals, base metals, agriculture commodities, energy, currencies and indices.

SMX offers market participants the benefits of market transparency, time zone convenience, price discovery and benchmarking, price risk management and multiple connectivity options. Counterparty clearing and settlement risk is effectively managed through its clearing house, the Singapore Mercantile Exchange Clearing Corporation.

The regulator of Singapore’s financial markets – the Monetary Authority of Singapore (MAS) – granted SMX ‘Approved Exchange’ status in 2010.

SMX is backed by the world’s leading creator of exchanges - Financial Technologies (India) Limited - which has successfully established 10 exchanges across India, Dubai, Singapore, Africa, Mauritius and Bahrain.

SMX is a member of leading international derivatives industry associations, such as the Futures Industry Association (FIA), the Swiss Futures and Options Association (SFOA), the Association of Futures Markets (AFM) and the Futures and Options Association (FOA).

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About Online Trading Academy

Irvine, California-based Online Trading Academy is a global network of financial education centers focused on teaching students the art of trading and investing since June of 1997. Online Trading Academy offers instruction in physical classrooms and online; in multiple asset classes including Stocks, Options, Forex and Futures. Online Trading Academy offers professional instruction from experienced industry professionals, as well as a wide array of beneficial home study materials to supplement classroom study. Over 200,000 investors have experienced Online Trading Academy’s Education with classroom locations that include: Irvine, Los Angeles, Seattle, Dallas, Chicago, Detroit, Orlando, Atlanta, Washington DC, Philadelphia, New York City, Boston, Toronto, London, Dubai, Singapore, Mumbai and many more with plans to open a financial education center in Jakarta in 2011.

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