Pioneers Freight derivatives: SSY Futures

Simpson Spence and Young, the world's largest independent ship broker, has been involved in the forward freight agreements market since its inception in the early 1990s.

SSY Futures, wholly owned by SSY, was created to specialise in the FFA market, and has been instrumental in its development, ever since.

It has offered a dry freight trading screen to customers since 2003 and this year added a tanker screen.

The forward freight agreement market has seen explosive growth over the last two to thr