UBS boosts commodity derivatives team in Singapore

The Swiss bank wants to facilitate trade between iron ore buyers and sellers and steel producers, as well as, in the future, financial institutions.

UBS has extended the activities of its exchange-traded derivatives commodities team in Singapore to include iron ore which is used to produce steel  and related commodities, such as coking coal and steel.

For the time being, the team is servicing companies with exposure to iron ore, steel and freight, with banks providing pricing and liquidity. But it hopes that fund managers too will use the capability in the future.

Besides offering established clearing activities, the team...

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