Deutsche Bank takes stake in iron ore brokerage

The bank will be represented at board level within LDB, though LDB, which has employees based in Hong Kong , China , India and London, will remain an independent company.

"The combination of LDB's extensive management experience in physical coal markets and Deutsche Bank's expertise as co-founder of the financial iron ore swap will help LDB develop the iron ore spot and derivative market," said a Deutsche Bank statement.

LDB shows active markets on physical and financial iron ore products for FOB