Nearly 500,000 SGX FFA contracts changed hands in the 1QFY2021, up 50% y-o-y. The figure marks a record pace amid the rebound of the dry bulk market, buoyed by an economic resurgence in China since the beginning of the year.
Singapore Exchange (SGX) has added four new forward freight agreement (FFA) and futures contracts in the capesize and handysize segments on April 21.
The exchange is the largest clearing venue for dry bulk freight globally with over 60% in terms of market share.
