London Dry Bulk launches e-trading platform for iron ore swaps

iron ore

The increase in iron ore swaps trading since the launch of clearing by Singapore Exchange (SGX) in April and by LCH.Clearnet in June has prompted interdealer broker London Dry Bulk to launch an electronic trading platform for iron ore swaps.

Launched on October 30, the electronic trading platform also quotes HRC steel futures prices traded on Nymex, allowing participants to trade the margin between input costs and the price of the finished product.

"The market has matured quickly and it was a ne