Icap launches iron ore broking service
Interdealer broker Icap has set up an iron ore derivatives broking service based in London.
The service has been introduced in response to recent price swings and volatility in the iron ore markets, which have increased the demand from iron ore producers and steel makers' to offset their risk exposure, according to Icap. Icap will offer iron ore derivative price distribution between Asia, Europe, and the Americas, providing global execution and research services to a spectrum of market participants.
"Icap has proven its ability to build derivative liquidity and transparency in emerging
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