Javascript Menu by Deluxe-Menu.com

Search this web site

Imarex / IMAREX Markets / NEW: BDI Futures




Trade the new BDI Futures contract at Imarex

 

 

Imarex is pleased to announce the launch of an electronically traded and cleared futures contract on the Baltic Dry Index (BDI), a composite of global shipping costs for bulk commodities such as grains, ore and coal and a widely accepted measure of the state of global trade.

 

The Imarex BDI Index Futures contract (BDIFuts) is aimed squarely at the cash equity and equity derivatives trading community as well as portfolio managers looking to increase their exposure to movements in the dry bulk shipping markets.

 

Dry bulk shipping is booming

 

Brazil, Russia, India and China (The BRICs) are forecast to continue driving commodity demand for up to 20 years

 

How can you invest in this growth story?

 

  1. BUY dry bulk shares on NYSE, NASDAQ. LSE and OSE
  2. Trade FFAs
  3. Trade Commodity related ETFs
  4. ... or

 

Now – BDIFutures, a new tool for dry bulk investors

 

BDI Futures is a simple index future on the main dry bulk indicator BDI

It is tradable electronically – cleared at NOS Clearing or via clearing banks and brokers

You can trade MINI contracts where 1 LOT = $1 per index point - no maximum trade size.

 

  • Trade on direction
  • Trade as Hedge against dry bulk equities
  • Trade as spread against FFAs

 

LIVE on Imarex screen – 24hrs per day

 

By trading the BDIFutures contract, stock portfolio managers can protect the value of the shipping equities portfolio from upside and downside price risk of the broader dry bulk market. Typically, a shareholder of several stock listed dry bulk shipping companies, can sell the BDIFutures short, profiting from a falling BDI, to protect the value of his portfolio against a fall in freight rates which would drag down the value of his shares.

 

The Imarex BDIFutures contract can be traded in lots as small as $1 per tick – providing low barriers to entry

 

With BDIFutures, investors can trade the immediate future of the BDI in minimum lot sizes of USD1 per tick. This means that if the BDI is 10,000, 1 lot equals USD10,000. If the index rises by 1000 points, the buyer gains USD1000, and seller loses USD1000. BDIFutures will settle on the average of all Index points in a month, similar to the settlement of FFA contracts.

 

The Imarex BDIFutures contract is being launched to fill a void left by the BIFFEX, a London-based freight futures contracts with settlement based on the Baltic Freight Index which was closed down in 2001, before the shipping boom of recent years started.

 

PLEASE NOTE! If you would like to find out more - please click here to contact us today

 

For contract specifications of the Imarex BDIFutures contract, please see the a fact sheet below:

 

 

For further information on how to trade the BDIFutures contract, please contact any of the following

 

IMAREX

Thomas Bertel,

Sales Manager Tel: +47 23 89 42 46

IMAREX

Mikkel M. Holmesland,

BDIFutures broker Tel: +47 23 89 42 14

     

Or any of the following general clearing members:

 
     

MF Global

Matt Duggan

Tel: +44 207 144 5390

Newedge Group

Chris Bartlett

Tel: +44 207 550 2207

Macquarie Bank

Mark Fitzpatrick

Tel: +44 203 037 4162

Deutsche Bank

Henry Porter

Tel: +44 207 545 5173

JPMorgan Securities

James H. Proudlock

Tel: +44 207 777 3855

ABG Sundal Collier

Erik Tynes

Tel: +47 22 01 60 24

Carnegie ASA

Tor A. Svelland

Tel: +47 22 00 93 91

Kaupthing Bank

Eljar Roland

Tel: +47 24 14 74 68

DBS Vickers

Roger Quek

Tel: +65 6398 6066