NEW DELHI: After successfully operating a commodity exchange dealing primarily in gold in Dubai, Financial Technologies is in talks with the Singapore government to set up a bourse in the south-east Asian country.

"The exchange will be set up in partnership with the Singapore government," a source close to the development said.

In the joint venture, Financial Technology, which is the main promoter of India's largest commodity exchange MCX, is likely to have a 49 per cent stake.

The Singapore Exchange would be modelled on the lines of Dubai Gold and Commodities Exchange (DGCX), he added.