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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

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