NOS and Imarex launching trading and clearing of the BDI future

NOS and IMAREX are pleased to announce the launch of an electronically traded and cleared futures contract on the Baltic Dry Index (BDI), a composite of global shipping costs for bulk commodities such as grains, ore and coal and a widely accepted measure of the state of global trade.

The IMAREX BDI Index Futures contract (BDIFuts) is aimed squarely at the cash equity and equity derivatives trading community as well as portfolio managers looking to manage their exposure to movements in the dry bulk shipping markets. More info to be found here.