Iron-ore derivatives are expected to benefit from "extended growth," and CME coking-coal futures also are seen drawing strong interest, said Mark Richardson, head of SSY Futures. Total volume for iron-ore derivatives rose from 269 million metric tons to more than 582 million in 2014.
Prices of iron ore and copper have risen by double digits since May, according to China's General Administration of Customs. Investor interest in iron ore and a belief that China will be able to maintain current growth rates helped spur China's Dalian Commodity Exchange to launch yuan-denominated iron-ore futures last month.
The Dalian Commodity Exchange is striving to tap demand for hedging tools by offering the first iron-ore futures contract backed by physical delivery. "We are working hard to launch the iron-ore futures contract as soon as possible," said Chen Wei of the Dalian exchange.
IntercontinentalExchange has a history of expansion through acquisitions, and it's set to acquire NYSE Euronext to make it a major player in the interest-rate and cash-equities markets. FIA President Walt Lukken discusses the merger with ICE Chairman and CEO Jeff Sprecher in this interview.