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Reuters reported Armajaro Securities says it will open an iron ore brokerage desk to take advantage of growing interest in steel.
Reuters reported Armajaro Securities says it will open an iron ore brokerage desk to take advantage of growing interest in steel.
As quoted in the market news:
Kenny Groth, who previously worked at iron ore swaps brokerage London Commodity Brokers, will head Armajaro’s new iron ore desk.
Growing liquidity and volatility in the four-year old iron ore derivatives market have recently attracted more trading houses and hedge funds, who see the steel-making raw material as a leading indicator of economic growth in China.