SSY Futures Ltd Conclude First Coking Coal Options Trades
Further to our recent release giving details of the increasing tenor of coking coal trades and continuing growth in this market, SSY Futures Ltd is delighted to announce that it has concluded the first coking coal options trades. These were for settlement in the first quarter of next year and involved several banking counterparties.
“This comes on top of other recent developments including trades for significantly longer dated futures contracts,” stated Jamie Pearce, Head of SSY Futures in Singapore, ”we are very excited about this sustained growth and confident that the coking coal market is set to mature into an important component of the steel derivatives complex. We would like to thank all our customers for their support to date and look forward to working with them on its continuing development.”
The Options are listed by SGX Asiaclear settling against indices compiled by The Steel Index (TSI).
SSY Futures Ltd is one of the largest Dry Bulk and Freight derivatives brokerages in the World, with 30 brokers in London, Singapore, New York and Shanghai. SSY Futures specialises in iron ore, coking coal and steel derivatives as well as Forward Freight Agreements.