Young-Jin Chang

The author is director, metals research and product development, for Chicago-based CME Group. She is responsible for researching the structure and performance of metals markets and for evaluating policy positioning related to market regulation. She also designs and develops new metals futures and options contracts and writes trading rules.

The Value of Hedging

A ferrous scrap futures contract introduced by CME Group promises to reduce the effects of price volatility for scrap dealers and consumers.