SGX Iron Ore Swap Cleared Volume Reaches Record High
The newly launched SGX Iron Ore Option contract has also seen good support from market participants with 758,000 tonnes (1,516 lots) cleared since its launch on 10 Sep 2012. This is equivalent to about 30% of the global cleared volume for the same period.
SGX AsiaClear offers a comprehensive suite of OTC commodities products covering bulk commodities, energy, freight and rubber. The overall OTC volume cleared on SGX AsiaClear has reached a record high of 337,702 lots in 2012. This is a 77% increase over the previous year.