ICE considers iron ore swaps contract to attract US clients
Dec 18, 2012 | 10:33 AM
| Michelle Madsen
Tags
ICE,
Intercontinental Exchange,
iron ore swaps,
Singapore Exchange,
futures contracts,
CFTC,
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 can’t 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."....
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