GFI Group Inc. (NYSE: âGFIGâ) announced today that it has launched and successfully traded a number of Iron Ore Swap TSI 62% products on EnergyMatchÂ® Europe, GFIâs leading electronic trading platform for energy and commodities.
EnergyMatch Europe is the market leader for the trading of Dry Freight forward freight agreements âFFAsâ. In addition to Iron Ore Swaps, clients can electronically trade Dry Freight FFAs, UK and European power and gas, coal, fuel oil, emissions and wet freight FFAs.
Dorian Benson, Head of GFI Dry Freight Group said: âIron Ore Swaps is another example of our focus on adding new products to EnergyMatch. Our aim is to help our customers take advantage of the trading and execution opportunities available in the dry FFA markets by offering new products and by creating liquidity. Last week, for example, we introduced matching of FFAs which enables traders to anonymously contribute and trade at mid-market levels on specific contracts during set times in the trading day. We look forward to making further announcements as we continue expand our offerings.â
EnergyMatch Europe allows for trading in co-mingled markets (co-mingling is the ability to clear trades with different clearing houses) and provides customers with the choice of CCP (Central Counter Party Clearing House) for clearing.
EnergyMatch Europe is based on Trayport technology, Europeâs premier platform for Energy and Commodity trading.