CME to launch iron-ore swap futures.
International Resource News-22 June 2010-CME to launch iron-ore swap futures(C)2010 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 22 June 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
United States-based CME Group Incorporated (CME) is introducing trading and clearing services for iron-ore swap futures with 62 percent ferrous content delivered into China, freight and insurance included.
The trading is to commence on July 11 for the first traded date of July 12.
The contract is to be listed on the New York Mercantile Exchange and cleared through Clearport. It is to be listed for 24 consecutive months, with August 2010 as the first listed contract month.
[Editorial queries for this story should be sent to firstname.lastname@example.org]
((Distributed via M2 Communications - http://www.m2.com))