Rival clearing houses LCH.Clearnet and Nymex Clearport are entering the freight derivatives market in separate bids to unseat the incumbent Norwegian Futures and Options Clearing House (NOS). NOS, in conjunction with the Oslo-based International Maritime Exchange (Imarex), currently holds a monopoly on cleared forward freight agreements (FFAs). However, the entrance of the big clearing houses could cause a shift in the landscape, say dealers.
LCH.Clearnet was initially planning to enter the
The week on Risk.net, September 8-14, 2018Receive this by email