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SMX plans to list first Iron ore futures contract

Posted on 29 September 2010

From Indiainfoline.com: Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, has announced its plans to list the world’s first Iron Ore Futures Contract*, settled basis the Metal Bulletin Iron Ore Index. Metal Bulletin is the leading independent premium information and pricing provider for the metals industries.
The Metal Bulletin Iron Ore Index (MBIOI) utilises daily price data from a broad spectrum of industry participants and through leading independent Chinese steel consultancy and data provider Shanghai Steelhome’s widespread contact base of steel producers and iron ore traders across China……………………………………….Full Article: Source


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