SGX, China trading platform to cooperate on iron ore

The Singapore Exchange and the operator of China’s physical iron ore trading platform have agreed to cooperate, the bourse said, in a move that could increase the influence of the world’s biggest buyer over the market.

The deal between SGX and the China Beijing International Mining Exchange (CBMX) will involve cooperation in product and market development as well as exploring a medium-term plan to improve the ability of traders to transfer risk between the spot and derivatives markets, SGX said.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1232801/sgx-china-trading-platform-cooperate-iron-ore