Global Commodities Holdings to work with ICE to create nickel contract
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LONDON, March 27 (Reuters) - UK-based Global Commodities Holdings Ltd (GCHL) will launch its physical metals platform next month starting with nickel which will be traded for delivery in locations from Baltimore to Yokohama, the company said on Wednesday.
Traded prices from the platform will be used to create nickel indices and GCHL is working with Intercontinental Exchange (ICE) to create derivatives contracts that can be settled and cleared centrally.
(Reporting by Pratima Desai; editing by Jason Neely)
