Singapore Exchange Limited or SGX, a provider of trading and clearing services, has launched its new OTC Options suite for SGX Iron Ore and SGX Forward Freight Agreements.

The SGX OTC Options complement the SGX Iron Ore and FFA product suite and provide customers with a suite of instruments for hedging, trading, and credit risk mitigation. SGX customers are able to efficiently clear their portfolio of commodities swaps and options with a single clearing house and get the benefit of margin offsets between options and the underlying swaps.

The OTC options are TSI 62% FE CFR China Iron Ore Option, Capsize Time Charter Average Option, Panamax Time Charter Average Option, Supramax Time Charter Average Option and Handysize Time Charter Average Option.

Source - Data Monitor

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