The freight derivative market is increasingly being seen as the place to complete the risk-management jigsaw – the market in forward freight agreements (FFAs) quadrupled last year. The FFA market offers an attractive hedge against volatile freight prices, but also enough arbitrage opportunities to have a hedge-fund manager in clover. But competition is cut-throat and the risk of market fragmentation is a concern. Our cover story on page 16 asks whether this market is now ready to move onto
To continue reading...
Institutional Sign In
If you have access via your institution sign in here