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Standard Contract (SIOTA)

What is the Standard Iron Ore Trading Agreement (SIOTA)?

A standard contract with a single set of standard terms and conditions, combined with a range of iron ore specifications and delivery points.

The contract in part draws from globalCOAL's SCoTA, the coal market's most widely used standard contract. SIOTA governs all transactions on the globalORE platform.

Benefits of a standard contract

  • Iron ore becomes a tradable commodity, enabling market participants to focus on price and volume

  • Availability of standard iron ore products contributes to increased market liquidity


   Download SIOTA to trade iron ore

   Use of SIOTA is restricted to licensed users who have signed the globalORE Product Usage Agreement.

   It is free to become a licensed user, simply request a copy of the PUA from frontoffice@globalore.net

   *Please note that globalORE actively protects its intellectual property.


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