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CME Group clears over 100,000 tonnes of coking coal swaps

January 12, 2012 - 05:26 GMT Location: Singapore

KEYWORDS: coking coal , CME Group , swaps , cleared , iron ore , Singapore

Chicago Mercantile Exchange Group (CME) has cleared more than 100,000 tonnes of coking coal swaps since it launched the contract in August last year, associate director Owain Johnson told a coal conference in Singapore.

“This is the fastest development of any new market that we have seen for years,” Johnson said at the Coaltrans event. “We have been asked about clearing options and...

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