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Education
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
- 1 Feb 2019
- By CME Group
- Topics: Metals
Why Trade Iron Ore at CME Group?
CME Group offers the most comprehensive metals offering that covers all your needs including our unparalleled precious metals liquidity and an expanded slate of base and ferrous metals solutions. Tap into our markets across the product suite, including Iron Ore Futures and Options, and begin benefitting from easy execution, reduced costs and reliable access around the clock. Additional value in our Iron Ore products can be found through:
- A global price established by international market participants
- Secure risk management for all market participants via central counterparty clearing
- Access to transparent, onscreen liquidity through cutting edge technology
- Nearly 24-hour ability to clear contracts and access the market
- Contracts sized 500 dry mt with minimum block trade size of 10 lots
- Monthly futures and options contracts available for the current year and the next 3 calendar years
Market Regulation works to protect market integrity, to enforce rules that protect all market participants, and to act proactively to mitigate risks in the marketplace.
- Central counterparty clearing ensures the financial security of the marketplace and help clearing participants limit credit risk and achieve operational and financial efficiency.
- Privately negotiated block trades submitted for clearing via CME ClearPort, enhancing your secure access to liquidity in the OTC market.
- Spot month position limits prevent from any potential squeezes.
The daily settlement is based on market information that may include but is not limited to:
- Resting bids and asks on CME Globex with consideration given to trades executed on CME Globex throughout the day
- Price data obtained from a cross section of the OTC brokers collectively representing buyers and sellers as well as other OTC market participants
- Price data from other sources deemed reliable and accurate rather than leaving price discovery to a potentially smaller group
Visibility and Anonymity of the Trade Flow
Market participants have unprecedented visibility of the trade flow while maintaining anonymity of all participating parties. All Iron Ore products are available for trading electronically via:
- CME Globex – our global electronic trading system for futures and options
- CME ClearPort – for clearing block trades through a comprehensive set of flexible clearing services for the OTC market
- CME Direct – a highly-configurable trading front end for CME Group markets that offers a complete suite of solutions across the trading life cycle
CME Group offers margin offsets up to 45% against key products. The initial margin on an Iron Ore contract could be partially offset if a client has the opposite position in another commodity contract cleared through the same FCM at CME Group.
Exchange |
Spread Products |
Credit |
|---|---|---|
CMX |
HG-COMEX Copper futures |
45% |
CMX |
A38-Aluminum A-380 Alloy Platts futures |
30% |
CMX |
ALI-Aluminum futures |
25% |
NYM |
FSF-HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) futures |
25% |
CMX |
ZNC-Zinc futures |
20% |
CMX |
ALA-Alumina FOB Australia (Platts) futures |
20% |
CMX |
ALB-Alumina FOB Australia (Metal Bulletin) futures |
20% |
Rates as of February 1, 2019. For most up-to-date information visit www.cmegroup.com/margins.
For more information visit cmegroup.com/ironore or contact metals@cmegroup.com.
About CME Group
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
Follow us for global economic and financial news.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
Contact Us
View AllCME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
