GFI Launches Iron Ore Swap

Base Metals Investing

Reuters reported a brokerage firm, GFI, has launched the first electronically traded iron ore swap.

Reuters reported a brokerage firm, GFI, has launched the first electronically traded iron ore swap.

As quoted in the market news:

Trading in iron ore has surged in recent years after mining companies and steel firms dismantled the old benchmark system that set annual prices once a year in favour of short-term pricing systems.

Click here to read the full Reuters report.

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