John Banaszkiewicz says the takeover of the Baltic Exchange by the Singapore Exchange (SGX) has created an opportunity to accelerate growth of the freight derivatives markets.
Banaszkiewicz, in his capacity as chairman of the Forward Freight Agreement Brokers’ Association (FFABA), says it is hoped to see new FFA routes developed, especially in Asia.
He added: “SGX is committed to increasing revenues at the Baltic and I know that it is conscious that brokers are doing everything they can to control costs for traders as the market recovers.”
