08.10.2014 - Spot iron ore price decline fuelled record derivatives volume
Slumping iron ore prices in September caused derivatives volumes to spike, after a relative sanguine period with prices hovering in a narrow range, according to data from The Steel Index. Over 62 million mt of iron ore derivatives were cleared outside China last month, with 15.6 million mt of options trade, 25 million mt of futures and the balance swaps. Last month was the first time futures actually eclipsed swaps in volume -- some participants prefer futures for regulatory reasons. "If the market migrates to futures entirely then theoretically more people should be able to participate," one paper trader said...............................................Full Article: Source
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