wellington new zealandtrading in dairy derivatives will shift to singapore from new zealand in november as part of an effort to increase market liquidity and international relevance the new zealand and singapore stock exchanges earlier this year announced a partnership to boost the growth of the global dairy derivatives trade derivatives for dairy commodities have been traded in new zealandthe worlds largest exporter of whole milk powdersince 2010 derivatives contracts on nzx ltd will be delisted and singapore exchange ltd will list a series of contracts that replicate the nzx contracts as much as possible the exchange operators said monday openinterest positions would be migrated on nov 27 they said