FIS helped create the market in iron ore futures, working with counterparts to develop the contract, brokering the first trade in 2008 and enjoying consistently strong market share. As a result, FIS has been named number one iron ore broker for seven years running by SGXAsiaClear, making us the natural leader and well positioned to capitalise on future growth.
Global seaborne iron ore trade in 2017 hit a total volume of 1.6bn tonnes, with China importing around 812m tonnes, metrics which have made it the world’s fastest-growing commodity derivatives contract. Prices have also been volatile with highs and lows of $94.50 and $47.90 in the last 12 months, creating significant trading opportunities for funds, banks, miners and traders, with strong growth on offshore exchanges.
Our expertise in the iron ore options market positions FIS to bring more sophisticated trading techniques to the Chinese domestic market as well as offering arbitrage opportunities between USD and RMB markets.
Leveraging its Asia office network and local expertise, FIS has identified opportunities to expand the iron ore futures and options markets for Chinese and International clients through partnerships that expand the role of clearing and financial services.