Straits Financial Services Pte Ltd Successfully Participates in First Trades of SGX McCloskey FOB Australia Hard Coking Coal Futures
- Written by: Business Daily Media
- Published in PR Newswire
Straits Financial Services' participation in the inaugural trades reflects its continued commitment to supporting the development of commodity derivatives markets and providing clients with access to a broad range of exchange-traded risk management solutions.
The new contract further strengthens the suite of commodity products available to participants across the steelmaking value chain, including producers, traders, consumers and financial institutions. By providing a transparent and centrally cleared marketplace, the contract can support price discovery and help market participants manage exposure to fluctuations in hard coking coal prices, a critical raw material in global steel production.
Mr Roger Quek, CEO and MD of SFSPL said: "As commodity markets continue to evolve, access to transparent and liquid derivatives instruments is increasingly important for participants looking to manage price risk effectively. We look forward to supporting the growth of this market and continuing to connect our clients with opportunities across global commodity markets."
Participation in the inaugural SGX McCloskey FOB Australia Hard Coking Coal Futures trades further demonstrates Straits Financial Services' commitment to supporting product innovation and the continued development of Asia's commodity derivatives ecosystem.
About Straits Financial Services Pte Ltd
At Straits Financial Services Pte Ltd, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfill the needs of every trader.
With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Services Pte Ltd is part of Straits Financial Group which is headquartered in Singapore.
Straits Financial Services Pte Ltd provides a fully integrated service for our clients to access the financial and commodity derivative markets and we strive to build lasting relationships with our clients.
For more information, please visit our website at https://www.straitsfinancial.com.
This document is issued for information purposes only. This document is not intended and should not under any circumstances to be construed as an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to any capital market product. All the information contained herein is based on publicly available information and has been obtained from sources that Straits Financial Services Pte Ltd believes to be reliable and correct at the time of publishing this document.
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