SSY goes transparent with dollar-per-day contracts

Michelle Wiese Bockmann, Geneva - Monday 6 October 2008

SSY Futures is poised to offer a dollar-per-day tanker derivatives contract, joining rival derivatives broker Imarex, which conducted its first trade outside the traditional Worldscale assessment this week, writes Michelle Wiese Bockman in Geneva.

The move towards a widespread, transparent price for tanker FFAs came after the Baltic Exchange began...