News:Asia

SGX launches supramax derivative contracts

The Singapore Exchange (SGX) has added to its freight business with new supramax 10TC contracts.

SGX launched the supramax 10TC contracts for futures, swaps and options on both futures and swaps on Monday.

The contracts add to SGX’s growing freight portfolio, which includes the acquisition of the Baltic Exchange.

“As with our suite of freight derivatives, the contracts will enjoy capital-efficient margin offsets against other freight contracts, as well as our bunker products,” SGX said.

Posted 17 July 2017

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Marcus Hand

Editor, Seatrade Maritime News

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