AsiaFinance and Insurance

Freight derivatives in Singapore see massive increase during 2015

Freight derivatives traded on the Singapore Exchange (SGX) increased by 505% during 2015, with full-year freight derivative volumes totalling 278,393 contracts.

SGX Freight ended the year with over 30% of global freight derivatives cleared on SGX in December, having grown from 4% global market share at the start of 2015.

“This was a reflection of two things: huge industry support, and continued acquisition of new customers as we work to increase the pool of freight liquidity to the benefit of all our customers,” the stock exchange said in a circular today.

Writing for Splash in May 2015, Hanne Johansson, head of global sales at NASDAQ Commodities, said NASDAQ was looking to move its freight and commodity trading activities eastwards, following the trend of firms moving trading operations to Singapore.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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