Exchange is extending price coverage on its existing iron ore contract this month
Commodity futures market Cleartrade
Exchange (CLTX) has said it plans to launch a new coking coal
contract in the first quarter of next year as it finalises work
on boosting liquidity on its iron ore contract with the
addition of a new dedicated market maker this month.
The new coking coal contract is set to
launch in the first quarter of 2016, subject to regulatory
approval, Richard Heath, head of sales and product at CLTX,
told FOW, and will be supported by price discovery tool,
Portal, and execution platform, Trader.
"We see real potential and appetite for
the new contract and are expecting to see a strong performance
from launch," he added.
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