ICE considers iron ore swaps contract to attract US clients
Dec 18, 2012 | 10:33 AM
| Michelle Madsen
LONDON Atlanta-based InterContinental Exchange Inc. (ICE) might launch a new iron ore swaps futures contract in a bid to capture U.S. participants affected by changes under the Dodd-Frank Wall Street Reform and Consumer Protection Act, market sources told AMM sister publication Steel First.
"ICE admits that it cant capture the Chinese market," an industry source said. "This contract will appeal to U.S. customers (who are unable to) trade with Singapore under the new rules."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.