SGX launches new iron ore futures contract

Apr 08, 2013 | 12:52 PM | Michelle Madsen

Tags  steel, iron ore, futures, swaps, Dodd Frank, Singapore exchange, Michelle Madsen

LONDON — The Singapore Exchange (SGX) launched its long-awaited iron ore futures contract April 8 as interest increases in ferrous derivatives and new U.S. market regulations come into effect.

The SGX originally planned to launch the contract in January in a bid to attract and retain U.S. clients unable to trade over-the-counter (OTC) swaps due to new rules set out in the Dodd-Frank Wall Street Reform and Consumer Protection Act....

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