SGX to launch steel contract in the coming 12 months
2019-05-08 18:06:55 [Print]
As the world's leading iron ore derivative company, Singapore Exchange (SGX) is expanding its portfolio and plans to launch steel contracts in the coming 12 months.
SGX is working on a range of commodity derivatives, including rebar, hot rolled coils and scrap. As China continues to open its global commodity futures market to global investors to enhance its impact on pricing, SGX becomes the first to take actions in it. Last year, after launching crude oil futures, China for the first time permitted foreigners to trade iron ore on the Dalian Commodity Exchange where it presents the highest liquidity of iron ore futures in the world.
SGX is working on a range of commodity derivatives, including rebar, hot rolled coils and scrap. As China continues to open its global commodity futures market to global investors to enhance its impact on pricing, SGX becomes the first to take actions in it. Last year, after launching crude oil futures, China for the first time permitted foreigners to trade iron ore on the Dalian Commodity Exchange where it presents the highest liquidity of iron ore futures in the world.
