Freight Demand Drives Imarex ToStart Data Business

EXCHANGE WATCH

Imarex (the International Maritime Exchange), the Oslo-based freight derivatives market, will expand its data services next year by putting its real-time price data on Bloomberg. The expansion follows strong year-on-year growth and the launch of new contracts at the exchange.

In particular, China's demand for oil, steel and other commodities is proving to be a big driver in the freight derivatives market. Imarex has traded $4 billion in contracts this year, up 1,000 percent on last year, says