Milford, DE -- (SBWIRE) -- 02/24/2014 -- Herrington Global announced today that it has launched and successfully traded a number of Iron Ore Swap products on Energy Mix®, Herrington Global’s leading electronic trading platform for energy and commodities.
Peter Xi Lau, Executive Vice President and Chief Risk Officer of Herrington Global said: “Iron Ore Swaps is another example of our focus on adding new products to Energy Mix. 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.”
Energy Mix is based on Herrington Global’s trading technology and premier platform for Energy and Commodity trading.
Herrington Global will also release a market watch bulletin which will serve as source for iron ore prices, iron ore news and scrap metal prices. It is the only publication that publishes global metallurgical coal spot prices on a daily basis. It is also the only publication containing two iron ore price benchmarks in one report.
With a key focus on steel raw materials Herrington Global’s brings you:
Daily iron ore, metallurgical coal and scrap price assessments and indices allowing buyers, sellers and industry participants to negotiate and index-link long and short term contracts.
Steel raw materials market commentary and news bringing clarity to purchasers and producers on what is influencing the price today.
Independent analysis on key market fundamentals that helps traders, producers, service centers, end users and all market observer spot trends and form competitive pricing strategies.
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors. We provide our services predominantly through the internet, international partnerships networks and relationships with investment advisors. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
About Herrington Global
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors (“RIAs”). We provide our services predominantly through the Internet, international partnerships networks and relationships with RIAs. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
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