Spectron launches Iron Ore desk

The desk is headed by Paul Temple, previously metals and iron ore trader at Macquarie Bank, Louis Dreyfus & Koch.  Operating out of London, the desk will cover the global iron ore swaps markets.

"The iron ore swaps market has been expanding significantly in recent months as buyers and sellers continue to move away from annual contracts and realise the hedging benefits swaps can bring," said John Evans, Director of Business Development at Spectron Group.  "We are prefectly placed to faciliate the trading of these swaps: Paul's years of experience in the metals and ore markets, Spectron's long-standing reputation in the adjacent base metals and coal markets, and Imarex's presence in the dry bulk freight markets mean we are in a strong position to create real synergies and provided counterparties with genuine value."

Spectron, which was named Broker of the Year in the 2009 New Economy awards, operates a global wholesale marketplace for energy & commodities.  Markets covered inlude: natural gas, electricity, oil, coal, metals, weather derivatives, petroleum products, nuclear fuels, soft commodities, agricultural products, commodity exotics, emissions & environmental products.

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