GFI EnergyMatch adds dry freight FFAs
The FFAs will be cleared via London-based clearing house LCH. Clearnet and Norway's NOS Clearing.
According to GFI Group, the platform's success in trading other commodities, such as coal, sparked the decision to launch dry freight FFAs.
"Having developed an extensive client base through our global reach since the inception of the dry freight desk in 2005, this roll-out will greatly enhance GFI Freight's value proposition for our clients," says Dorian Benson, head of global dry freight at GFI.
GFI
More on Risk management
Data, cyber and model risk top IT concerns for risk managers: survey
Energy Risk software survey reveals risk managers’ tech pain points and plans
Energy Risk Debates: the Iran conflict and the widening mandate of the risk manager
Panellists discuss the impact of the Middle East crisis so far on risk teams and the drive towards enterprise risk management
Abaxx: meeting the need for new commodity derivatives
Abaxx revamps commodity hedging with a suite of modern contracts
Tokenised commodities could help oil the machine
Shifting physical assets onto the blockchain eases collateral frictions, argues crypto expert
Energy Risk Debates: risk management in the clean energy space
Panellists discuss the unique issues facing firms in renewables, clean energy and carbon markets
Energy Risk 2026 Software Rankings: CTRM landscape needs to support resilience
Commodity firms’ software choices across the CTRM landscape are crucial amid current uncertainty
EU can handle energy price pressure – it’s been here before
Reforms made after Russia’s invasion of Ukraine have made region more resilient to energy shocks, officials say
A Hormuz tipping point may be days away
Agent-based model suggests delays and shortages likely to accelerate after four weeks