SSY Futures cuts charges

SSY Futures has slashed the prices for using its forward freight agreement (FFA) dealing screen, in an effort to tighten bid/offer spreads and increase screen-traded volumes. It now costs nothing to put a price on the screen and initiate a trade. Users taking screen prices will be charged commission of just 0.10%. In the freight market, the standard commission for an OTC, voice-brokered trade is about 0.25%.

"It is time for the FFA markets to move decisively to the next phase of their develop