UK broker Affinity said it carried out its first trades in the LNG freight futures arena that are based on Baltic Exchange indices and cleared by CME Clearport.
Affinity said in a statement it arranged the transactions on 23 December on behalf of French energy conglomerate Total Gas & Power and commodities trader Trafigura.
“Since we arranged the initial bilateral LNG FFA trades over the summer, the market has expressed a strong desire to be able to trade these contracts on a cleared basis,” said Benjamin Gibson, head of LNG derivatives at Affinity.
