FIRST BRAZIL UREA OPTIONS TRADED

FIS
July 18, 2023

KANSAS, July 14, 2023 – Freight Investor Services (FIS) is proud to announce a significant milestone in the derivatives trading space, the first ever Brazil Urea options trade. This development builds on our previous success in the Over the Counter (OTC) options market for NOLA UREA, which includes introducing fertilizer options in October 2022.

The Brazil Urea trade, facilitated by FIS brokers Barnie Talbot-Ponsonby and Taylor Eastman CFA, consisted of a $335 PUT option for SEPT 2023 at $3.50/tonne, with a volume of 5,000 MT. It marked the first options trade outside of the NOLA UREA market. Head of Fertilizer Taylor Eastman notes “The demand for options in this market has been growing among clients, driven by their asymmetric risk payoff and popularity among market participants.”

As a leading broker in freight and commodity markets, FIS remains committed to delivering tailored solutions to meet the diverse needs of its global client base. This ground-breaking trade enhances our product suite of risk management tools and underscores FIS’ position as an industry pioneer and its dedication to driving innovation across various markets.

About Freight Investor Services (FIS): FIS is a global broker specializing in freight and commodity derivatives. With an extensive range of services and deep industry expertise, FIS provides innovative solutions to clients worldwide. FIS is committed to staying at the forefront of the industry and facilitating trades in diverse markets.

KANSAS, July 14, 2023

Disclaimer: The information provided in this communication is not intended for retail clients. It is general in nature only and does not constitute advice or an offer to sell, or the solicitation of an offer to purchase any swap or other financial instruments, nor constitute any recommendation on our part. The information has been prepared without considering your investment objectives, financial situation, or knowledge and experience. This material is not a research report and is not intended as such. FIS is not responsible for any trading decisions taken based on this communication. Trading swaps and over-the-counter derivatives, exchange-traded derivatives, and options involve substantial risk and are not suitable for all investors. You are advised to perform an independent investigation to determine whether a transaction is suitable for you. No part of this material may be copied or duplicated in any form by any means or redistributed without our prior written consent. Freight Investor Services Ltd (FIS) is authorised and regulated by the Financial Conduct Authority (FRN: 211452) and is a member of the National Futures Association (“NFA”). Freight Investor Services PTE Ltd (‘FIS PTE’) is a private limited company, incorporated and registered in Singapore with company number 200603922G, and has subsidiary offices in India and Shanghai. Freight Investor Solutions DMCC (‘FIS DMCC’) is a private limited company, incorporated and registered in Dubai with company number DMCC1225. Further information about FIS including the location of its offices can be found on our website at freightinvestorservices.com.