Cleartrade Expands Pricing for OTC Commodities Contracts
Singapore-based over-the-counter freight and commodity derivatives marketplace Cleartrade Exchange has begun offering firm, two-way prices on iron ore and fuel oil contracts throughout the trading day, as a result of new agreements with some of its members to extend their liquidity provision into new asset classes.
Officials say the move will contribute to an active market depth in the products, which not only trade as assets in their own right, but also play a major role in traders' risk management of steel trading and supply. The prices are distributed via Cleartrade's freely available Price Discovery Screen.
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