Sucden Financial has announced that it can now offer its clients access to iron ore swap contracts cleared on the Singapore Exchange, in addition to LCH.Clearnet.
The demand in iron ore swaps is one which has already witnessed a substantial growth over the last 12 months and the firm has followed developments in the market closely. This new offering further extends Sucden Financial’s strength in Asia where this year the firm was recognised as the premier broker for base metals in the region *
Michael Overlander, CEO of Sucden Financial said “We have already seen an encouraging take up of iron ore contracts from our existing clients and it is therefore important that we are able to offer access to contracts on all related exchanges. The SGX with its growing importance in terms of volume and liquidity provides an emerging opportunity.”