Container swap derivative clearing to boost market
LCH Clearnet's launch of a new over-the-counter (OTC) clearing service for container freight swap agreements is set to inject liquidity into the emerging market
London clearing house LCH.Clearnet has launched an OTC clearing service for Container Freight Swap Agreements (CFSA) in a move market participant believe will help to inject more liquidity into the market.
“It’s a significant milestone in terms of the development of the market,” says Alex Gray, chief executive officer of UK-based freight brokers Clarksons Securities Limited (CSL). “Even though the volumes for container swaps have progressed well since the first trade in January, we see clearing
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