SGX launches OTC options for FFA and iron ore swaps
The Singapore Exchange (SGX) has added OTC options to its FFA and iron ore swaps products, Seatrade Asia online reports.
SGX is offer OTC options for time charter averages in the capesize, panamax, supramax and handysize dry bulk segments and TSI 62% FE CFR China iron ore option.
“All option trades cleared from 10 September 2012 to 31 October 2012 will receive a 100% SGX clearing fee rebate,” SGX said. “Active iron ore options customers who clear at least 500 lots of options during the above period will also receive fee rebates on their underlying iron ore swaps.”