UBS boosts commodity derivatives team in Singapore

Aug 25, 2010

The Swiss bank wants to facilitate trade between iron ore buyers and sellers and steel producers, as well as, in the future, financial institutions.

UBS has extended the activities of its exchange-traded derivatives commodities team in Singapore to include iron ore – which is used to produce steel – and related commodities, such as coking coal and steel.

For the time being, the team is servicing companies with exposure to iron ore, steel and freight, with banks providing pricing and liquidity. But it hopes that fund managers too will use the capability in the future.

Besides offering established clearing activities, the team has been beefed up to meet growing demand for over-the-counter and exchange-listed/traded commodities.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]