Clearing the way for competition

Clearing has become a hot issue in the freight derivatives market, with several clearers entering the market recently in response to increased demand for credit risk mitigation.

"We are seeing increased interest in clearing," says Duncan Dunn of ship-brokers SSY Futures, "both from the existing over the counter (OTC) traders, who are enthusiastic about clearing because it simplifies their positions, and from new players."

These new players are a mixture of natural hedgers and institutional

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: