Asian exchange said it had a 56% market share of freight derivatives in March
The Singapore Exchange has said that in
March it held more than half of the global freight derivatives
market following a period of volatility and after slashing its
clearing fees for the contracts in December.
William Chin, head of bulks and metals at
the Singapore Stock told FOW Tuesday that the exchange in March
had more than half of the global market share in freight
derivatives: "Our volumes in freight derivatives have come up
from a 5% market share to 56% of the global market in just over
a year," Chin said.
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