Global iron ore brokers form ferrous derivatives association

Seven major iron ore brokerages have linked up to form “the Iron Ore & Steel Brokers Association (IOSBA) to foster the further development of the ferrous derivatives market”.

The announcement was made one of the seven founders, brokerage Simpson Spence & Young (SSY) Futures , on Thursday October 13. Along with SSY, IOSBA’s founding members are Freight Investor Services (FIS), GFI Group, freight brokerage firm Clarksons, China’s MySteel, Marex Spectron and ICAP. “As a representative body for brokers active within the ferrous product suite, the IOSBA will be an informal group [that] will seek...

Published

Viral Shah

October 13, 2016

14:07 GMT

London