Interest in Singapore Exchange's (SGX) high-grade iron ore derivative was robust in the second week of trading, with 7,000 lots traded and cleared by 5.53pm Singapore time on Friday December 14.
This accounts for 700,000 tonnes traded and cleared this week as of 5.53pm Singapore time, according to SGX data.Trading was done in each calendar month from January 2019 to June 2019 this week, in line with the trend seen the previous week.Market participants have hailed the launch of the derivative, which...