OTC clearing for softs now available
Spectron, the leading energy and commodities brokerage, is pleased to announce that clearing facilities are now available for OTC soft commodities swaps transacted through its brokers.
Eligible OTC sugar, coffee and cocoa swap trades executed through Spectron will be given up to ICE Clear US for clearing.
“This is great news for all swap traders looking for a cleared solution – allowing them to combine the advantages of trading OTC with the reduction of counterparty risk that clearing provides,” said Drew Stephens, Managing Director of Spectron Group. “There certainly appears to be demand for OTC clearing among softs market players, and we hope that offering this facility will help draw in new market entrants and stimulate increased market liquidity.”
Last month Spectron officially launched its dedicated soft commodities and agricultural products desk, covering the sugar, wheat, coffee, cocoa, corn and soybean swaps and options markets. The London-based desk covers US and European time zones.
For all press enquiries, please contact:
Richard Frape - Director of Market Services +44 207 074 2008
For all trading enquiries, please contact :
Darren Potter - Head of Soft Commodities +44 207 074 2095
Sofia Edvardsson - Soft Commodities Broker +44 207 074 2085
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