WSD unit, Nasdaq plan futures partnership

May 06, 2013 | 02:53 PM | Lisa Gordon

Tags  steel futures, scrap futures, World Steel Dynamics, WSEM, Peter Marcus, Patrick McCormick, Daniel Carrigan, Lisa Gordon

PITTSBURGH — Plans are under way to launch a family of finished steel and scrap metal futures products in the United States this year to provide buyers and sellers along the steel supply chain another set of tools to help manage price volatility.

Nasdaq OMX Group Inc. and World Steel Exchange Marketing LLC (WSEM) announced May 6 that they have partnered to develop a suite of financially settled products on the Nasdaq OMX Futures Exchange Inc. (NFX).....

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