By Laura Clarke CME Group Inc. (CME) will be listing Iron Ore 62% Fe, CFR China futures on the company's electronic trading platform, Globex, for more transparency and greater market access, the company said Wednesday. Iron ore is one element of the company's virtual steel mill and was launched as a cleared only futures in August 2011. CME Group's virtual steel mill provides hedging tools for the volatile ferrous metals marketplace. The ferrous metals market, which includes iron ore and steel and related products, is the second largest commodity market by volume, according to the company. Effective Sunday May 12, for trade date Monday May 13, 2013, and pending all relevant Commodity Futures Trading Commission regulatory review periods, the New York Mercantile Exchange Inc. will list the existing Iron Ore 62% Fe, CFR China futures contract for trading on CME Globex, CME Group said. The contract will continue to be available for trading on the Nymex trading floor and for submission for clearing through CME ClearPort, it added.) Dow Jones Newswires April 17, 2013 09:03 ET (13:03 GM
looks like Im selling tommorrow...
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nice time for quarterly, page-48
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