Baltex

The Baltic Exchange’s regulated trading venue for block trade reporting


  • The leading block futures trade reporting facility for the dry FFA market

  • More than 500,000 lots reported to Baltex as block futures over the course of 2015 representing almost 40% of all dry FFA volume

  • Working in close partnership with primary clearing house LCH.Clearnet

  • Supported by leading FFA brokers Clarksons Platou Futures, GFI Brokers, SSY Futures, ICAP and BRS

  • Principal members include most of the world’s major dry FFA trading firms, including shipowners, charterers, commodity traders and financial firms, as well as LCH’s general clearing members

  • Authorised and regulated as a multi-lateral trading facility (MTF) by the Financial Conduct Authority



Listed instruments

Dry Bulk Voyage FFAs
C3 – Capesize Tubarao - Qingdao
C4 – Capesize Richards Bay – Rotterdam
C5 – Capesize W. Australia – Qingdao
C7 – Capesize Bolivar - Rotterdam

Dry Bulk Timecharter Trip FFAs

P1A – Panamax Transatlantic RV
P2A – Panamax Skaw-Gib/Far East
P3A – Panamax Japan-SK/Pacific RV

Dry Bulk Timecharter Average FFAs

Capesize 2014 5 TC Average
Capesize 4 TC Average
Panamax 4 TC Average
Supramax 6 TC Average
Handysize 6 TC Average

Block trades may be reported to Baltex in any of the listed futures contracts as well as in options on those instruments.

 
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Baltex screen

Market surveillance

All trading activity on Baltex, including block trades, is monitored by the Baltex market surveillance team and is subject to the Baltex Trading Rules, a copy of which is available from this website. 

Becoming a member

Becoming a member of Baltex is straightforward and free of charge and available to any firm meeting Baltex’s eligibility criteria.

Members have direct access to all published trade data and to the Baltic Exchange’s physical (spot) and forward assessments which are updated on Baltex as soon as they are published by the Baltic Exchange during the course of each trading day.

Members can monitor their own trading activity in real time for risk management, compliance or back office purposes. Trade data can be filtered by instrument and period and extracted manually to Microsoft Excel.

Alternatively, an API is available for members to integrate their in-house systems with Baltex to allow for real time automated data transfer.

For further details about Baltex or to become a member, please contact:

Paul Stuart-Smith, COO, Baltic Exchange Derivatives Trading

E: pstuart-smith@balticexchange.com
T: +44 20 7369 1669

or the Baltex team:

E: baltex@balticexchange.com
T: +44 20 7369 1670

Trading Rules & Notices
Baltic Exchange Ltd., St Mary Axe, London, EC3A 8BH
Registered in England Number 64795
Tel + 44 (0) 20 7283 9300, Fax + 44 (0) 20 7369 1622.
Calls to Baltic Exchange staff are recorded
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