News

Invitation: FIS Ltd Workshop at the South West Fertilizer Meeting, July 2008 - In a market which has seen extraordinary price volatility in recent times, it is appropriate that FIS Ltd holds a workshop/seminar at the South West Fertilizer meeting in San Antonio, to examine how to hedge and manage price risk utilizing FIS fertilizer cash settled swaps. The session will include a brief outline of the fundamentals of how cash settled swaps operate, followed by a Q & A session and open discussion with a panel of current users of these financial instruments.

Financial Times - 9th June 2008 - The cost of renting a Capesize ship, used to transport iron ore and coal, rose to $233,988 a day at the end of last week - 200 per cent up since the start of the year.

LONDON, March 11 (Reuters) - Freight futures more than doubled last year on record prices to ship commodities and could grow another 20 percent this year as more banks and hedge funds, stung by the credit crisis, fish for profits.

Freight derivative volumes have soared this year as banks and hedge funds have turned to a market that has not been affected by the credit crunch or economic slowdown.

FIS acts as broker for the first ever LCH.Clearnet cleared Options trade.

Bankers and hedge fund managers are increasingly turning to the nascent world of freight derivatives to make money, as figures to be published today show that the market is on course to hit a record $150bn in value - a 200 per cent increase on last year.