ICEX, IOSDA to launch Indian iron ore futures

Economic Busines online.com reports that a Memorandum of Understanding has been signed by the Indian Commodities Exchange and Singapore-based Iron Ore and Steel Derivatives Association.

The story is quoted as saying:

“We have tied up with IOSDA to develop a proper Indian iron ore contract,” Sanjay Chandel, chief executive of ICEX, told Reuters.

Click here to access the whole story.