CME Group has become the latest to deepen ties with China.
The exchange group confirmed it is teaming up with Mysteel to launch ferrous OTC contracts for Chinese commodities.
Mysteel, a provider of ferrous price and indexing services in China, will develop risk management products for the ferrous industry based on the firm’s price data services. The products will be listed by NYMEX and cleared by CME Clearing.
The company has strategic partnerships with more...