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LCB to boost physical, derivative iron ore broking capacity in Singapore

January 25, 2012 - 13:07 GMT Location: London

KEYWORDS: iron ore , LCB , Singapore , OTC , swaps , brokers , coking coal

London-based commodity broking firm London Commodity Brokers (LCB) is set to boost its physical and derivative iron-ore trading capacity in Singapore in the next two months, chief executive Clive Murray told Metal Bulletin in a telephone interview on Tuesday January 24.

Murray said the expansion in Asia reflected the growth of LCB’s iron-ore trading activities in both the physical and paper markets. LCB was one of the first brokerage firms to offer OTC iron ore products along with Freight Investor Services (FIS) when the swaps market launched in the spring of 2009. LCB has a number of iron ore offtake agreements with miners in a number of countries, including Australia and South Africa, and offers iron ore derivatives broking...

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