It will launch an option for its 65%Fe iron ore swap contract based on Fastmarkets' iron ore 65% Fe Brazil-origin fines, cfr Qingdao, index on December 6, as well as an option for its 65%Fe iron ore futures contract.
The swap option will have a contract size of 500 tonnes. The futures option will have a contract size of 100 tonnes.
The option is valid for up to two calendar years starting with the current year, with 12 consecutive months added upon expiry in December.
Both options will trade every weekday...