A battle between futures clearing houses Singapore Exchange (SGX) and German group EEX took a new turn this week.
EEX Group says it has novated all the remaining 2018 to 2024 positions in dry bulk freight forward freight agreements (FFAs) from clearing house LCH to its own facility, European Commodity Clearing.
It says 31,220 lots were transferred, “significantly expanding EEX Group’s customer base and depth of liquidity in the freight sector”.
