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FIS awarded Top Bulk Commodities IDB by SGX for 8th year running

2017 has seen the bulk commodities complex move towards a balance of maturity and emergence. While our flagship iron ore products have maintained volumes, new growth has come from lump premium and coking coal. This was only possible with the support of all Clearing Members, Inter-Dealer Brokers (IDBs) and traders who not only continued your activity in existing but also new markets. Here are some key highlights for the year 2017:

SGX cleared 1.6 bil metric tonnes of iron ore. Meanwhile, the standout performer was lump premium with 13.5 mil metric tonnes cleared (more about the lump story here: EN CN). We also launched the first set of SGX Iron Ore Futures Indices – used by Daishin to list the world’s first iron ore ETN – broadening the scope of market tools available to participants.

Coking coal continued 2016’s trend of indexation in the physical market. Amidst a year of weather-related disruptions and highly volatile prices, coking coal futures became an important price risk management tool. In response to market feedback, coking coal options was also launched in September to expand our product suite.

Acquiring the Baltic Exchange has brought the iron ore and shipping community more closely together, with a number of regional and international collaborations leveraging on the synergies between cargo and Freight. As a result, for the first time in SIOW history, the Singapore Iron Ore Week was held in conjunction with the Singapore Maritime Week.
In the spirit of continued innovation and turning the spotlight onto traders as well, this year we will be presenting a number of trader awards in addition to our usual GCM and IDB awards.

Our heartiest congratulations to all our award winners:

SGX Commodities Awards 2017

Awards will be presented at the SGX Commodities Awards Night on 23 May 2018 during the Singapore Iron Ore Week.

Top Commodities GCMs*
Citigroup Global Markets Singapore Securities Pte Ltd
DBS Vickers Securities (Singapore) Pte Ltd
JP Morgan Securities Singapore Private Limited
SG Securities (Singapore) Pte Ltd
UOB Bullion & Futures Limited

* In alphabetical order

Top Bulks Commodities IDBs
1. Freight Investor Services Ltd
2. SSY Futures Ltd
3. ICAP Energy Ltd
4. GFI Group
5. Marex Spectron

IDB League Table 2017

Top Iron Ore Futures IDBs
1. Freight Investor Services Ltd
2. GFI Group
3. SSY Futures Ltd

Top Iron Ore Options IDBs
1. ICAP Energy Ltd
2. Freight Investor Services Ltd
3. SSY Futures Ltd

Top Iron Ore IDBs (Overall)
1. Freight Investor Services Ltd
2. ICAP Energy Ltd
3. SSY Futures Ltd

Top Iron Ore Lump Premium IDB
1. Freight Investor Services Ltd
2. Mysteel Singapore Pte Ltd
3. GFI Group

Top FFA Futures IDBs
1. Freight Investor Services Ltd
2. GFI Group
3. Clarksons Platou Futures Limited

Top FFA Options IDBs
1. Clarksons Platou Futures Limited
2. Freight Investor Services Ltd
3. SSY Futures Ltd

Top FFA IDBs (Overall)
1. Freight Investor Services Ltd
2. GFI Group
3. Clarksons Platou Futures Limited

Top Coking Coal IDBs
1. SSY Futures Ltd
2. Freight Investor Services Ltd
3. GFI Group

Source: FIS (Freight Investor Services Ltd.)

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