FIS bags a brace of SGX Awards during inaugural Singapore Iron Ore Week

Freight Investor Services has taken the two top honours in the 2013 SGX Awards, being named Best Broker for FFAs and Iron Ore Swaps. FIS scooped the awards at a prestigious ceremony attended by 600 industry professionals, peers and dignitaries during the inaugural Singapore Iron Ore Week.

John Banaszkiewicz, FIS Managing Director, said:

“FIS is honoured to once again be recognised for our contribution to the freight and iron ore markets, particularly in Singapore, which has helped to make iron ore swaps a vibrant and growing market. Iron ore swaps go from strength to strength and from the price swings we have seen in the past 12 months – from less than $90/tonne to almost $160/tonne - it is clear there is plenty of potential for companies which are not yet managing their risk to get involved.”