SSY freight screen links to NOS for clearing

The SSY / globalCOAL platform already offers dry cargo forward freight agreement (FFA) clearing through LCH.Clearnet, and SSY expects the link with NOS will 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 clearing services. “For some time we have believed that a multi-cleared screen will be the way forward," says Mark Richardson, head of SSY