Basis risk drives volumes onto Shanghai iron ore swap debut
SCH volumes one third of SGX's after two weeks of trading
Volumes of iron ore swaps traded on the Shanghai Clearing House (SCH) since the contract was launched on August 4 have reached a third of the amount changing hands on the Singapore Exchange (SGX). However, market players say the latter's international role means that its leading global position in the contract is not under threat.
SCH, a central counterparty that provides clearing and settlement services for over-the-counter (OTC) products in China, debuted its iron ore swap contract by closing
More on Commodities
Most read on Risk.net
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Functional programming reaches for stardom in finance
- Mifid data publishers drag feet on Esma guidelines
Back to Top