Nasdaq’s NFX set to add a number of new US and European contracts in March
Exchange group Nasdaq said it plans to
offer freight and iron ore contracts to Singapore-based clients
after securing regulatory approval to act as a market operator
in that jurisdiction.
A spokeswoman for the exchange told FOW it
will start offering its existing European freight and iron ore
contracts to Singaporean firms after its secures approval from
the Monetary Authority of Singapore, something it expects "in
the coming weeks".
The group hired in October Adelfio Ronci
as head of sales for commodities in Asia, based in Singapore,
to lead the plans for the region ahead of approval from MAS,
with a focus on the freight, fuel oil and iron ore markets.
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