In 2015, Straits Financial Services brokered and cleared between 15-20% of the OTC-cleared Iron Ore Swaps volumes on SGX Asiaclear, one of the leading market operators for Iron Ore derivatives. Straits Financial Services was also consecutively awarded the top 5 IDB Brokerage firms by volumes.
Increasingly, traditional bilaterally traded over-the-counter (OTC) products are moved onto the exchanges and clearing houses for central-clearing and risk management. OTC-cleared contracts are a relatively new hybrid of standardised products offered by global futures exchanges. Its prevalence and market acceptance is largely due to the shift in global regulatory oversight to a more stringent regime since the aftermath of the 2008 financial crisis.
Straits Financial Services has established a strong presence as an Inter-Dealer Broker (IDB) for exchange-cleared OTC products and has built an extensive customer network across Asia, in particular China for its large consumption of commodities. We continuously engage the physical market to offer risk management solutions through OTC Swap contracts. Our clients include physical trade houses, importers and exporters, manufacturers and refineries of raw materials.
Our Brokers seek to match buyers and sellers, and register their respective intentions onto the relevant exchanges for clearing. Straits offers an extensive suite of OTC Cleared products through Clearport, Asiaclear and ICE.
- Iron Ore & Steel
For more information about our products and services in Asia, please contact the relevant offices listed below: