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PR Newswire
08-05-2014, 09:45 AM
More effort on derivative market...
(vested)
SGX to launch 9 more commodity derivatives contracts
Singapore Exchange is expanding its bulk commodity offerings with nine more derivative contracts to be launched over the next two months.
SGX aims to introduce options-on-futures for iron ore and freight, and two coking coal derivatives, by the second half of the year.
The exchange also plans to launch two thermal coal derivatives around the same period (based on the API 4 and API 5 coal indices), to capture seaborne coal prices exported from South Africa and Australia respectively.
In a statement, SGX said the new contracts are designed to reflect major physical commodity flows to cater to the needs of producers and consumers in the Asian bulk commodities market.
Speaking at the Singapore Iron Ore Forum on Wednesday, SGX CEO Magnus Bocker said that the ability to clear iron ore, coking coal and steel products on a single platform in the Asian time zone will improve margin savings and operational efficiencies.
http://www.theedgesingapore.com/the-dail...racts.html#
(vested)
SGX to launch 9 more commodity derivatives contracts
Singapore Exchange is expanding its bulk commodity offerings with nine more derivative contracts to be launched over the next two months.
SGX aims to introduce options-on-futures for iron ore and freight, and two coking coal derivatives, by the second half of the year.
The exchange also plans to launch two thermal coal derivatives around the same period (based on the API 4 and API 5 coal indices), to capture seaborne coal prices exported from South Africa and Australia respectively.
In a statement, SGX said the new contracts are designed to reflect major physical commodity flows to cater to the needs of producers and consumers in the Asian bulk commodities market.
Speaking at the Singapore Iron Ore Forum on Wednesday, SGX CEO Magnus Bocker said that the ability to clear iron ore, coking coal and steel products on a single platform in the Asian time zone will improve margin savings and operational efficiencies.
http://www.theedgesingapore.com/the-dail...racts.html#
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡