A new tack on iron ore as competition hots up

Singapore

INTEREST and liquidity in iron ore derivatives is accelerating with the dramatic rise and fall in the price of the steel-making ingredient this year.

But for the Singapore Exchange (SGX) - the hitherto leader in the international market - revenue growth might not keep pace, as it expands its pool of derivative users beyond wholesale players, said its head of derivatives Michael Syn.

"As we move from a pure wholesale marketplace to a broader marketplace, it is likely that for a little while the growth in volume and revenue will probably decouple," said Mr Syn in an interview with The Business Times.

Mr Syn's comments come…