FIS Completes First CME Cobalt Option Trade  

Yesterday, Freight Investor Services brokered the first cleared Cobalt option trade on the CME platform; a Q125 call option in 5tpm. 

This trade, negotiated by the FIS battery metals desk, represents another major step in the rapid development of the battery metals market.  

Head of Battery Metals Anna Chadwick commented “the welcome addition of options is not only indicative of healthy liquidity in the underlying futures market, but also an exciting and versatile tool for clients to further manage their price risk amidst volatile markets.” 

For any further information on battery metal trading, please contact the battery metal desk: 

Europe – Anna Chadwick: 

Europe – Luke Vint: 

Asia – Lina Liu: 

Asia – Bryan He: 

Tel: +44 207 090 1120 


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

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