FIS offers Wet FFAs as a derivative product used to hedge your exposure, on all clean, dirty and LPG routes spanning most continents and oceans. Offering contracts cleared on ICE and CME for Calendar years, Quarterlies, Monthlies, and Weeklies. With close ties to the Baltic Exchange and physical shipbrokers, FIS maintains a comprehensive database of daily prices, volumes, and fixtures of the major traded routes.
The seaborn tanker market equates to around 2 billion tonnes per year and has a rapidly growing FFA market. With the help of our brokers on the Wet FFA desk, you have the opportunity to hedge a variety of crude based products carried on these tankers from the bottom of the barrel to high end distillates.