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SGX launches iron ore futures indices

Samantha Chiew Published on Mon, Sep 18, 2017 / 5:28 PM GMT+8

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SINGAPORE (Sept 18): Investors will now be able to trade Iron Ore Futures Indices on the Singapore Exchange (SGX) Indices Edge.

SGX today announced the launch of the Iron Ore Futures Indices, a suite of inverse and leveraged indices that are calculated off the SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures.

This marks the first series of SGX commodity-based indices to be used as benchmark for tradable products, which will be licensed to Daishin Securities, a Korea-based securities and investment firm.

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SGX launches iron ore futures indices