In the context of the input sentence, determine the relationship between 'Singapore exchange' and 'Singapore'.
Options: headquarters location, developer, publisher, position held

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.
headquarters location