Intercontinental Exchange Launches New Freight Contracts
Intercontinental Exchange launched new tanker and container freight futures and options on Monday, as trading volume across its freight markets increased 33% year-to-date.
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Intercontinental Exchange launched new tanker and container freight futures and options on Monday, as trading volume across its freight markets increased 33% year-to-date.
Intercontinental Exchange (ICE) announced the launch of new tanker and container freight contracts aimed at helping customers hedge freight risk across global trade routes.
ICE said it launched new JKM LNG (Platts) options, LNG Balmo freight futures and U.K. base electricity options. It also transitioned Japanese power futures, PJM basis power futures and U.K. NBP natural gas options to ICE Risk Model 2.
The new contracts include JKM LNG options, LNG Balmo freight futures and UK base electricity options.