SGX Iron Ore swap hits a record 18.2m metric tonnes
That's a whopping 36,365 lots.
Singapore Exchange (SGX) is announced that the cleared volume for its Iron Ore swap and options contracts reached a record high of 18.2 million metric tonnes (36,365 lots) in January 2013.
This is 145,500 metric tonnes (291 lots) higher than the previous record set in September 2012. Open interest also reached a record high of 18.7 million metric tonnes (37,338 lots) on 20 February 2013.
The SGX iron ore options contract launched in September 2012 continues to gain support from participants. The market share of iron ore options cleared on SGX rose to 57% in January 2013.