From Enron to Iraq

-0061-134-jpg
The loss of Enron’s market-making ability in freight markets – and its 20% market share – does not seem to have adversely affected the volume of freight derivatives traded.

While volumes are difficult to pinpoint accurately, as no one body is responsible for collating such information, the Forward Freight Agreement Brokers Association (FFABA) claims around 2,500–3,000 derivatives contracts were traded in the dry cargo market in 2001. Another estimate – from David Cherrett, a trading strategis

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: