Starsupply to open renewables OTC derivative brokerage in Singapore

European firm looks to capitalise on increasing demand for palm oil hedging

Palm oil plantations

Geneva-based global commodities broker SCB Group, more widely known as Starsupply, aims to open a new office in Singapore in either the second or third quarter 2013, with an initial focus on broking OTC crude palm oil swap contracts.

The firm has been researching the move for three years and aims to use its leading position in OTC agricultural derivatives in order to gain a strong foothold in the region. Since the broking house began broking OTC crude palm oil derivatives in 2009, for example

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