SCB Complete First Corn Swap on CME Clearport
April 06, 2009
SCB Group, the leading biofuels and agricultural commodities brokerage, has successfully brokered the first ever cleared swap for an agricultural product through CME ClearPort. The corn swap trade was between Infinium Capital Management and Barclays Capital.
Jason Cole at SCB Group said, ‘We are delighted to have assisted our customers conclude the first transaction on this new service. Our market is an extremely dynamic one, and we believe that having agricultural swaps cleared using CME ClearPort provides additional liquidity and removes counterparty risk from our marketplace.”
Nyon, Switzerland 6th April 2009.
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