When it finally came, Baltex was put to death quietly. Earlier this week, the Baltic Exchange said in a short statement that it would shut its freight futures block trade reporting venue by the end of this year.
It ends a troubled six-year story of an electronic freight futures screen that was never demanded by the market, racked up losses of more than £3m ($4m) in its first few years, and sparked outspoken disagreement among Baltic members.
