SGX looks to develop the BDI as hedging tool
The Singapore Exchange is considering turning the Baltic Dry Index into a tradeable instrument given the growing interest from financial fund houses, which tend to trade on screen
The lockdown era shone a light on shipping and financial names wanted to be involved but did not know which product to trade. Being able to hedge the BDI, which is a good indicator of the health of the global economy, would be a simple entry point