Subscribe to RSS feedKolding slams ‘casino’ box derivatives market
by
Janet Porter, London
—
last modified
Mar 15, 2010 10:11 AM
MAERSK Line chief executive Eivind Kolding has dealt a blow to the fledgling container derivatives market by describing it as a potential freight rates casino.
His remarks came as more trades in container freight swap agreements were completed, with Credit Suisse entering the market for the first time.
The investment bank traded a container swap with Morgan Stanley, which has helped to develop the new...
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