Singapore’s SMX eyes Q2 launch of iron-ore futures

Mining Weekly.com reports that the SMX intends to launch iron-ore futures during Q2 of this year.

The editorial is quoted as saying:

 While Singapore and India look to be racing to establish the world’s first iron ore futures market at a time when spot prices are marching toward record highs, analysts say such a hedging instrument may take time to gain traction and could initially suffer from limited liquidity as it competes with the more widely traded forward swaps

To access the full editorial, click here.