IOSDA is an non profit organisation for participants in the iron ore and related derivatives markets worldwide. As has been seen in the freight derivatives market, an association of market participants can act as a useful mechanism and forum that can contribute to market growth as well as fostering co-operation and standardisation, bring access to legal advice and other resources.IOSDA is an independent organisation for principals, brokers and clearers that will at all times aim to act in the best interests of its members for the benefit of the market place in which its members transact.Specifically, IOSDA will aim to:

• Raise awareness and promote the trading of the iron ore and related derivatives;
• Promote education and knowledge among market participants;
• Promote high standards of conduct amongst market participants;
• Develop and promote the use of standard contracts;
• Develop and promote commonly accepted forward curves for contract settlement and historical analysis of markets;
• Encourage the development and use of independent market indices;
• Provide a forum for brokers and principals to resolve problems as they arise;
• Develop the use of other ‘over the counter’ and exchange traded derivative products for Iron Ore and related price risk management.

Membership of the association is open to all stakeholders in the iron ore and related markets worldwide, with a specific interest in trading, broking or clearing of derivatives contracts related to these markets. IOSDA is registered in Singapore under the Societies’ Act.