FIS leading freight and bulk commodity broker and pioneer of the iron ore futures market, has set up a new pulp futures desk to help develop the futures market.
John Banaszkiewicz, CEO of FIS, said: “We are pleased to be able to partner with NOREXECO on pulp futures and to drive forward development of the only real paper market!
There is already a well-established market onshore in China, but we hope to help develop this globally, helping to grow the offshore, as well as the onshore market. We are keen to bring our experience of developing the iron ore futures market to help grow this market.”
FIS press release:
Fast Markets RISI press release: