LME freight screen proposals make waves
Plans by the London Metal Exchange (LME) to launch an exchange for forward freight agreements (FFAs) have caused a stir, reports Katie Holliday
The LME has caused controversy in the dry freight market after it confirmed it had made detailed studies on the viability of launching an FFA exchange. LME CEO Martin Abbott says the FFA market - currently exclusively OTC - would benefit from trading on a transparent exchange through increased liquidity and efficiency.
"We believe the LME is the natural venue for FFA trading, given the close relationship between the products traded on the LME and the cargos shipped in the dry bulk market," says
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