IntercontinentalExchange, the Atlanta-headquartered derivatives bourse which last week completed its acquisition of NYSE Euronext, has acquired the Singapore Mercantile Exchange, in a move that brings the exchange firmly into Asia.

ICE has entered into definitive agreement to acquire 100% of the Singapore-based commodity exchange and its wholly-owned subsidiary, SMX Clearing Corporation, in an all-cash transaction worth $150 million, the companies said this morning. The deal is expected to close by the end of 2013, subject to regulatory approvals and closing conditions.