LONDON CME Group
Inc.s European clearing house has launched two new iron
ore derivatives contracts, the company said Monday.
The contracts are subject to
"This expansion of products is
in line with CME Clearing Europes commitment to helping
customers manage their risk associated with Chinas
construction industry," the Chicago-based company said.
The over-the-counter (OTC)
contracts are both for 62-percent iron ore c.f.r. China, with
one for whole-year (calendar) swaps and the other average-price
London-based CME Clearing
Europe, a subsidiary of CME Group, offers more than 200 OTC
products for clearing.
A version of this story was
first published on AMM sister publication Steel First