Subscribe to RSS feedBaltic in talks with LME on dry exchange
THE BALTIC Exchange has opened commercial negotiations with the London Metal Exchange (LME) to jointly establish an exchange for trading dry freight derivatives, with one major broker now apparently backing the contentious proposal.
The world’s second-largest freight derivatives broker was “looking at becoming a ring member of the LME”, according to Stefan Albertijn, chair of the industry body representing freight derivatives traders, shipowners and operators.
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