Container swap derivative clearing to boost 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