GFI launches dry freight physicals desk
GFI has hired four brokers for its new dry freight physicals desk in London. The New York-based inter-dealer broker expects the desk to become operational during the second quarter and said it will complement its established business in dry freight derivatives.
McMillan said the addition of the new desk meant GFI would have comprehensive coverage of the freight market – in both the wet and dry, and physicals and derivatives categories.
GFI’s dry freight derivatives desk was set up in 2004. It brokers wet freight derivatives in partnership with ACM Shipping, a tanker broker based in London.
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