Shipbroker SSY has added a direct link to NOS clearing for clients of its freight derivatives trading platform, run in conjunction with globalCOAL.
The SSY/globalCOAL platform already offers dry cargo forward freight agreement (FFA) clearing through LCH.Clearnet, and SSY expects the link with NOS to increase volumes for wet (tanker) FFA trades through the screen. Dry FFA clearing will also be offered through NOS.
SSY is currently in talks to further enhance the platform by including a link to SGX
The week on Risk.net, July 14–20, 2017Receive this by email