First cleared iron ore swap on Singapore Exchange

SGX has also announced that it has signed an agreement with the Steel Index (TSI) to provide a reference price for the settlement of the iron ore swap contract to be cleared via SGX AsiaClear.

"The timing of a cleared swap contract is excellent given the shift from annual pricing to spot pricing. Combining this with a freight derivative contract, SGX's iron ore swap clearing has great potential," says John Banaszkiewicz, managing director of Freight Investor Services.

The launch of the SGX Iron Or

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: