Wet and Dry Freight Futures and Options

CME Group’s freight futures contracts are designed to meet the needs of the industry for secure and efficient clearing of Freight Forward Agreement transactions.

Following the launch of wet freight futures contracts on NYMEX in 2005, in 2010 CME Group expanded its offering to include dry freight futures.

The Benefits

  • A long history of proven reliability through CME ClearPort, backed by the strength of CME Clearing
  • Competitive fee schedule
  • Straight Through Processing (STP) directly into customer risk systems
  • Margined efficiently in the portfolio of products cleared through CME ClearPort
  • Futures contracts cleared at CME Group offer full regulatory protection

Key Features of CME Clearing

The foundation of CME ClearPort is the strength of the CME Clearing and its market leading risk management. The benefits of CME Clearing include:

  • Instant confirmation that a trade is cleared — no delays while credit checks are carried out
  • A fund that ensures the safety and soundness of customers’ cleared positions
  • 24-hour monitoring by an experienced risk management team.

Featured Products

Wet Freight

Traded off-Exchange and then cleared through the Exchange, our Freight Forward Agreements (FFAs) are designed to meet the needs of the industry for secure and efficient clearing of over-the-counter transactions. Wet freight forward agreements are a fundamental part of any global trading activities in crude oil, refined products, natural gas liquids as well as liquid natural gas.

Dry Freight

Traded off-Exchange and then cleared through the Exchange, our Freight Forward Agreements (FFAs) are designed to meet the needs of the industry for secure and efficient clearing of over-the-counter (OTC) transactions. Dry freight forward agreements are fundamental to the transportation of traded dry bulk freight such as coal, iron ore and grains.

Additional contracts are under development, with the aim of offering a full range of products tailored to all freight market participants.