International Maritime Exchange - FFA Market

International Maritime Exchange ASA is the world’s only regulated market for freight derivatives and bunker fuel oil derivatives. The company is wholly owned by Imarex ASA and has subsidiaries in Oslo, Singapore, Genova and Houston (USA). The exchange head office is situated in Oslo, it has about 210 trading clients and has been operating since the year 2000.

Freight Derivatives

International Maritime Exchange acts as a market place for both freight futures cleared through NOS and freight forward agreements (FFA) - bilateral swaps (traded “over the counter”). In addition, the exchange transacts cleared and bilateral options contracts linked to the FFA market. International Maritime Exchange lists 14 tanker contracts, 11 dry bulk contracts and 17 option contracts for electronic trading on screen and with straight through clearing at NOS Clearing ASA.

Fuel Oil Derivatives

To offer customers a broader range of risk management tools the exchange also lists cleared futures and OTC swaps on five major financially settled fuel oil contracts. Customers use such derivatives to reduce their exposure to fluctuating fuel prices, thereby reducing their operating risk by locking in the future price of fuel.