LONDON--(BUSINESS WIRE)--Sucden Financial has announced that it can now offer its clients access to iron ore swap contracts cleared on the Singapore Exchange, in addition to LCH.Clearnet.

The demand in iron ore swaps is one which has already witnessed a substantial growth over the last 12 months and the firm has followed developments in the market closely. This new offering further extends Sucden Financial's strength in Asia where this year the firm was recognised as the premier broker for base metals in the region *

Michael Overlander, CEO of Sucden Financial said "We have already seen an encouraging take up of iron ore contracts from our existing clients and it is therefore important that we are able to offer access to contracts on all related exchanges. The SGX with its growing importance in terms of volume and liquidity provides an emerging opportunity."

Notes to Editors

Sucden Financial Limited deals in a broad range of markets, covering equities, financial and commodity futures and options, as well as foreign exchange. Formed in 1973 as the soft commodities brokerage arm of the French Sucres et Denrées (Sucden Group), the firm has since evolved into one of the largest brokers for investment houses, hedge funds, commodity firms, and high net worth individuals.

It has access to every major exchange worldwide, offering clients fast, direct access to global electronic markets, as well as a ring dealing membership on the London Metal Exchange. In addition to offering low cost, direct market access to clients, Sucden Financial also offers full service research and brokerage, particularly in its established commodities sector. www.sucdenfinancial.com

* Sucden Financial was voted #1 Broker Overall in Base Metals, Asia Pacific 2011 by AsiaRisk, the magazine for risk and derivatives professionals.

Singapore Exchange Iron Ore Swaps achieved a new record volume, clearing 543,000 tonnes or 1,086 lots. This was 16% more than the previous record of 930 lots on 10 August 2011. This heightened activity came in the light of price volatility, demonstrating the efficacy of the product as an important tool in managing risk.

Contacts

Sucden Financial
Robert Cantle
or
Rosetta Smith
Tel: +44 (0)20 3207 5280
Email: press@sucfin.com