World class clearing options for freight are offered by a number of leading international clearing houses.
Open FFA positions are marked against the Baltic daily settlement price for their respective product and expiry and the clearing exchange and clearing member calculates a daily mark to market calculation which is used for margining.
CME Group
Clearing for container, tanker and gas contracts
Contracts
FBX01 (Baltic) Futures
FBX02 (Baltic) Futures
FBX03 (Baltic) Futures
FBX11 (Baltic) Futures
FBX12 (Baltic) Futures
FBX13 (Baltic) Futures
TC2 (Baltic) Futures
TC6 (Baltic) Futures
TC9 (Baltic) Futures
TC11 (Baltic) Futures
TC12 (Baltic) Futures
TC14 (Baltic) Futures
TC15 (Baltic) Futures
TC17 (Baltic) Futures
TC18 (Baltic) Futures
TC2 (Baltic) BALMO Futures
TC6 (Baltic) BALMO Futures
TC9 (Baltic) BALMO Futures
TC11 (Baltic) BALMO Futures
TC12 (Baltic) BALMO Futures
TC14 (Baltic) BALMO Futures
TC15 (Baltic) BALMO Futures
TC18 (Baltic) BALMO Futures
Mini Freight Route TC2 (Baltic) Daily Futures
Mini Freight Route TC14 (Baltic) Daily Futures
TC2 (Baltic) Average Price Option
TD3C (Baltic) Futures
TD7 (Baltic) Futures
TD8 (Baltic) Futures
TD20 (Baltic) Futures
TD22 (Baltic) Futures
TD25 (Baltic) Futures
TD3C (Baltic) BALMO Futures
TD7 (Baltic) BALMO Futures
TD8 (Baltic) BALMO Futures
TD20 (Baltic) BALMO Futures
Mini Freight Route TD3C (Baltic) Daily Futures
Mini Freight Route TD20 (Baltic) Daily Futures
TD3C (Baltic) Average Price Option
LNG Freight Route BLNG1g (Baltic) Futures
LNG Freight Route BLNG2g (Baltic) Futures
LNG Freight Route BLNG3g (Baltic) Futures
LPG Freight Route LPG1 (Baltic) Futures
LPG Freight Route LPG1 (Baltic) BALMO Futures
LPG Freight Route LPG1 Average Price Option
LPG Freight Route LPG3 (Baltic) Futures
General Clearing Members (All)
ABN AMRO Clearing Chicago LLC
ADM Investor Services, Inc.
Advantage Futures, LLC
Barclays Capital Inc.
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
BOCI Commodities and Futures (USA) LLC
BofA Securities, Inc.
BP Energy Company
BP Products North America Inc.
China Merchants Futures (HK) Co., Limited (not actively clearing)
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Credit Suisse International
Deutsche Bank AG
Deutsche Bank Securities Inc.
Direct Access USA LLC
Dorman Trading, L.L.C.
E D & F Man Capital Markets Inc.
Eagle Market Makers, Inc.
G.H. Financials, LLC
Gelber Group, LLC
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
Interactive Brokers LLC
INTL FCStone Financial Inc.
Jump Trading Futures, LLC
J.P. Morgan Securities LLC
Macquarie Futures USA LLC
Marex North America LLC
Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
Nanhua USA LLC
NatWest Markets Plc
NatWest Markets Securities Inc.
Nomura Securities International, Inc.
Phillip Capital Inc.
Proxima Clearing, LLC
Rand Financial Services Inc.
RBC Capital Markets LLC
R.J. O'Brien & Associates, LLC
Santander Investment Securities Inc.
Scotia Capital (USA) Inc.
SG Americas Securities LLC
Standard Chartered Bank
Straits Financial LLC
Term Commodities Inc.
TradeStation Securities, Inc.
UBS Securities LLC
Wedbush Securities, Inc.
Wells Fargo Securities, LLC
www.cmegroup.com/trading/energy/freight-futures-and-options.html
EEX Group
Clearing for dry FFAs and Options contracts
Contracts
Baltic Capesize C3 Freight Future
Baltic Capesize C5 Freight Future
Baltic Capesize C7 Freight Future
Baltic Capesize 5TC Freight Future
Baltic Panamax P1A Freight Future
Baltic Panamax TA P1E Freight Future
Baltic Panamax Far East P2A Freight Future
Baltic Panamax Far East P2E Freight Future
Baltic Panamax Pacific P3A Freight Future
Baltic Panamax Pacific P3E Freight Future
Baltic Panamax P6 Freight Future
Baltic Panamax Route P8 Future
Baltic Panamax 4TC Freight Future
Baltic Panamax 5TC Freight Future
Baltic Supramax 10TC Freight Future
Baltic Supramax 6TC Freight Future
Baltic Handysise 7TC Freight Future
Baltic Capesize 5TC Freight Option
Baltic Panamax 4TC Freight Option
Baltic Panamax 5TC Freight Option
Baltic Supramax 10TC Freight Option
General Clearing Members (Freight)
ABN AMRO Clearing Bank NV |
ADM Investor Services International Limited |
BNP Paribas S.A. |
BPI Financial |
Citigroup Global Markets Ltd. |
DBS Bank |
ED & F Man Capital Markets Limited |
Goldman Sachs International |
INTL FCStone Ltd. |
J.P. Morgan AG |
Macquarie Bank International |
Marex Financial Limited |
Merrill Lynch International |
Mizuho Americas |
SEB Bank |
Societe Generale International Limited |
ICE
Clearing for tanker & gas contracts.
Contracts
TC2 FFA Northwest Europe to USAC (Baltic) Future TC6 FFA Skikda to Lavera (Cross Med) (Baltic) Futures TC7 FFA Singapore to EC Australia (Baltic) Future TC9 FFA Baltic to UK Continent (Baltic) Future TC12 FFA WCI to Japan (Baltic) Future TC14 FFA USGC to Continent (Baltic) Future TC15 FFA Med to Far East (Baltic) Future TC17 FFA Arab Gulf to East Africa (Baltic) Future TC18 FFA - US Gulf to Brazil (Baltic) Future
TC2 FFA Northwest Europe to USAC (Baltic) Balmo Future TC6 FFA Skikda to Lavera (Cross Med) (Baltic) Balmo Future TC7 FFA Singapore to EC Australia (Baltic) Balmo Future TC9 FFA Baltic to UK Continent (Baltic) Balmo Future TC12 FFA WCI to Japan (Baltic) Balmo Future TC14 FFA USGC to Continent (Baltic) Balmo Future TC15 FFA Med to Far East (Baltic) Balmo Future TC17 FFA AG to East Africa (Baltic) Balmo Future TC18 US Gulf to Dubai (Baltic) Balmo Future
Daily TC2 FFA Northwest Europe to USAC (Baltic) Mini Future Daily TC6 FFA Skikda to Lavera (Cross Med) (Baltic) Mini Future Daily TC12 FFA WCI to Japan (Baltic) Mini Future Daily TC14 FFA USGC to Continent (Baltic) Mini Future
TC2 FFA Northwest Europe To Usac (Baltic) Average Price Options TC6 FFA Skikda to Lavera (Cross Med) (Baltic) Average Price Options TC14 FFA USGC to Continent (Baltic) Average Price Options
TC2 37 FFA Triangulation with TC14 FFA CPP/UNL Continent to USAC (Baltic) Future
TD3C FFA Middle East Gulf to China (Baltic) Future TD7 FFA UK North Sea to Continent (Baltic) Future TD8 FFA Kuwait to Singapore (Baltic) Future TD9 FFA - Caribbean to US Gulf (Baltic) Future TD17 FFA Baltic to UK Continent (Baltic) Future TD19 Cross Med (Ceyhan to Lavera) (Baltic) Future TD20 West Africa To UK Continent (Baltic) Future TD22 US Gulf to China (Baltic) Future TD25 US Gulf to ARA (Baltic) Future
TD3C FFA Middle East Gulf to China (Baltic) Balmo Future TD8 FFA Kuwait to Singapore (Baltic) Balmo Future TD20 FFA West Africa to UK Continent (Baltic) Balmo Future TD22 FFA USG to China (Baltic) Balmo Future
Daily TD3C FFA Middle East Gulf to China (Baltic) Mini Future Daily TD7 FFA UK North Sea to Continent (Baltic) Mini Future Daily TD8 FFA Kuwait to Singapore (Baltic) Mini Future Daily TD9 FFA Caribbean to US Gulf (Baltic) Mini Future Daily TD19 FFA Cross Med (Ceyhan to Lavera) (Baltic) Mini Future Daily TD20 FFA West Africa to UK Continent (Baltic) Mini Future
TD3C FFA Middle East Gulf to China (Baltic) Average Price Options TD7 FFA UK North Sea To Continent (Baltic) Average Price Options TD20 West Africa to UK Continent (Baltic) Average Price Options
LPG (BLPG1) FFA Middle East Gulf to East 44,000Mts (Baltic) Future LPG (BLPG1) FFA Middle East Gulf to East 44,000Mts (Baltic) Balmo Future LPG (BLPG1) FFA Middle East Gulf to East Average Price Options LPG (BLPG3) FFA Houston to Chiba (Baltic) Future |
General Clearing Members (All)
ABN Amro Clearing Bank N.V. |
ABN Amro Clearing Chicago LLC |
ADM Investor Services International Ltd |
ADM Investor Services, Inc |
Advantage Futures, LLC |
AFS Equity & Derivatives Bv |
Aurel BGC |
Axpo Solutions Ag |
Banca Finnat Euramerica S.P.A |
Banca Imi SPA |
Banco Santander S.A. |
Barclays Bank PLC |
Barclays Capital Inc. |
Bayerische Landesbank |
BGC Brokers LP |
BNP Paribas Arbitrage Snc |
BNP Paribas SA |
BNP Paribas Securities Corp |
BNP Paribas Securities Services |
Boci Global Commodities (UK) Limited |
Bofa Securities Europe SA |
Bofa Securities, Inc |
Caceis Bank France |
Canadian Imperial Bank Of Commerce |
Cantor Fitzgerald Europe |
Capital Futures Corp |
China Merchants Securities (UK) Limited |
Citigroup Global Markets Inc |
Citigroup Global Markets Ltd |
Commerzbank Ag |
Concord Futures Corp |
Credit Suisse International |
Credit Suisse Securities (Europe) Limited |
Credit Suisse Securities (USA) LLC |
Deutsche Bank Ag |
Deutsche Bank Securities Inc. |
E D & F Man Capital Markets Inc |
E D & F Man Capital Markets Limited |
Exane SA |
GF Financial Markets (UK) Limited |
GFI Brokers Limited |
GFI Securities Limited |
GH Financials Limited |
Global Execution Limited |
Goldman Sachs & Co. |
Goldman Sachs International |
HGNH International Futures Co., Limited |
HPC SA |
HSBC Bank PLC |
HSBC France |
ICAP Corporates LLC |
ICAP Securities Limited |
ING Bank NV |
Interactive Brokers (UK) Limited |
Interactive Brokers LLC |
Intl FCStone Financial Inc |
Intl FCStone Ltd |
J.P. Morgan Securities LLC |
J.P. Morgan Securities PLC |
JB Drax Honore (UK) Limited |
KGI Futures Co Ltd |
Kyte Broking Limited |
Macquarie Bank Limited (London Branch) |
Macquarie Futures USA LLC |
Mako Financial Markets Partnership LLP |
Marex Financial |
Marex North America LLC |
Marex Spectron International Limited |
MBG Europe Limited - (In Liquidation) |
Mediobanca SPA |
Merrill Lynch International |
MF Global UK Limited - In Administration (Suspended) |
Mizuho Securities US LLC |
Morgan Stanley & Co. International PLC |
Morgan Stanley & Co. LLC |
Natwest Markets PLC |
Nomura International PLC |
OTC Europe LLP |
Pge Dom Maklerski S.A. |
Phillip Capital Inc. |
PVM Futures, Inc. |
PVM Oil Futures Ltd |
PVM Oil Futures Pte. Ltd. |
Qube Research & Technologies Limited |
R.J. O'Brien & Associates, LLC |
R.J. O'Brien Limited |
Rand Financial Services Inc |
RBC Capital Markets, LLC |
RBC Europe Limited |
RSJ Securities A.S. |
Shell International Trading And Shipping Company Ltd |
Skandinaviska Enskilda Banken AB |
Societe Generale International Limited |
Societe Generale SA |
Sucden Financial Limited |
TFS Derivatives Limited |
Total Gas & Power Ltd |
Tower Research Capital Europe Limited |
TP ICAP (Europe) SA |
Tradition Securities And Futures SA |
Tullett Prebon (Europe) Limited |
Tullett Prebon (Securities) Limited |
Tullett Prebon Americas Corp. |
UBS Ag London Branch |
Ubs Securities Llc |
Unicredit Bank Ag |
Vantage Capital Markets LLP |
Wedbush Securities, Inc |
Wells Fargo Securities, LLC |
Xconnect Trading Limited |
Yuanta Futures Co., Ltd |
SGX
Clearing for dry FFAs and Options contracts.
Contracts
FBX01 (Baltic) Futures
FBX03 (Baltic) Futures
FBX11 (Baltic) Futures
FBX13 (Baltic) Futures
Baltic Capesize Route C3 Futures/ FFA
Baltic Capesize Route C5 Futures/FFA
Baltic Capesize Route C7 Futures/FFA
Baltic Capesize Time Charter Average (5 Routes) Futures/FFA
Baltic Panamax Route P2A Futures/FFA
Baltic Panamax Route P2E Futures/FFA
Baltic Panamax Route P3A Futures/FFA
Baltic Panamax Route P8 Futures/FFA
Baltic Panamax Time Charter Average (4 Routes) Futures/FFA
Baltic Panamax Time Charter Average (5 Routes) Futures/FFA
Baltic Supramax Time Charter Average (10 Routes) Futures/FFA
Baltic Supramax Time Charter Average (6 Routes) Futures/FFA
Baltic Handysize Time Charter Average ( 7 Routes) Futures/FFA
Baltic Capesize Time Charter (5 Routes) Average Futures/FFA Options
Baltic Panamax Time Charter Average (4 Routes) Futures/FFA Options
Baltic Panamax Time Charter Average (5 Routes) Futures/FFA Options
Baltic Supramax Time Charter (10 Routes) Average Futures/FFA Options
LNG Freight Route BLNG1g (Baltic) Futures
LNG Freight Route BLNG2g (Baltic) Futures
LNG Freight Route BLNG3g (Baltic) Futures
General Clearing Members (All)
ABN Amro Clearing Bank N.V. |
ADMIS Singapore Pte. Limited |
BNP Paribas Securities Services |
CGS-CIMB Securities (Singapore) Pte. Ltd. |
Citigroup Global Markets Singapore Securities Pte. Ltd. |
Credit Suisse Securities (Singapore) Pte Limited |
DBS Vickers Securities (Singapore) Pte Ltd Deutsche Bank AG |
Goldman Sachs Futures Pte Ltd |
INTL FCstone Pte. Ltd. |
J.P. Morgan Securities Singapore Private Limited |
KGI Securities (Singapore) Pte. Ltd. |
Macquarie Futures (Singapore) Pte. Limited |
Merrill Lynch (Singapore) Pte Ltd |
Mizuho Securities (Singapore) Pte Ltd |
Morgan Stanley Asia (Singapore) Securities Pte Ltd |
Phillip Futures Pte Ltd |
SG Securities (Singapore) Pte. Ltd. |
UBS AG |
www2.sgx.com/derivatives/products/ffa-capesize-routes?cc=3AF