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SMX launches iron ore futures

PUBLISHED ON: August 12, 2011 | Duration: 4 min, 28 sec

  
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V Hariharan, Interim CEO of SMX, says the exchange has launched trading for the world's first iron ore futures contract on a global platform based on Metal Bulletin Iron Ore (MBIO) Index. "The futures contract would complement Singapore as a major trading centre of iron ore and would be an ideal hedging tool for smaller exporters, traders and importers," he adds.
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