"Sea freight [will] become a barometer of the world economic climate" - so said Andy James of the befallen Enron in this very publication in November 2001.
And, indeed, with so much of this climate reliant upon China's increasing economic interaction with the rest of the world and the prevailing oil price, as with so many other commodities markets, the market for freight derivatives, in particular freight forward agreements (FFAs), is now seen as a hot ticket.
Trading was thin until about
- Quant Finance Master’s Guide 2019
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Cross-currency swaps could hasten RFR shift in Australia
- Final FRTB internal model rules get mixed reviews
- Podcast: Kenyon and Berrahoui on the pitfalls of PFE