Utilize the input text as a context reference, choose the right relationship between Singapore exchange and Singapore from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Subject to final approval by the Monetary Authority of Singapore (MAS), ICE’s Singapore exchange and clearing house expects to trade and clear the first tranche of contracts below: Mini Offshore Renminbi futures These contracts reflect customer demand and complement ICE’s existing portfolio of financial and commodity benchmark contracts.

Answer: headquarters_location