Imarex adds two new tanker futures contracts
[First published: Tuesday 05 April 2005 8:39:57 am]As of the 5 April tanker derivatives principals will be able to trade an extra two monthly contracts on all tanker routes, in addition to the existing four monthly contracts now available on the Imarex screen.
The new structure includes the front six months of each forward curve. The nearest two quarter contracts will remain, and run parallel to the six new monthly contracts.
Members can now trade the next six months individually, as well as the resulting quarters, which substantially widen members' opportunities for managing their portfolios.
From 5 April 2005, principals will specifically be able to trade the following in addition to the existing futures contracts on all tanker routes.
- Aug’ 05
-
Sept' 05
The new contracts are being introduced after calls from members to further improve the hedging opportunities for tanker market principals as the underlying volatility of tanker freight rates continue.
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