GFI FENICS® Freight is an online information resource showing market prices and related analytical tools for Forward Freight Agreements and options. Covering both wet and dry freight derivatives, it is designed to provide coal, ore, grain, oil and other commodity producers, time charterers, ship owners and financial institutions with an in-depth understanding of market trends and potential trading opportunities.

Functionality includes:

• Charting of historical trends in volatility/spreads
• Route analysis functionality to compare and chart route history
• Period analysis functionality to compare route data for months, quarters, half years and calendar years
• Estimation capability for the expected FFA settlement rates for the current month and historical average rate calculations
• Time Charter calculator to determine daily profit opportunity
• Daily summary of market closing prices for both physical and FFA markets including daily physical market commentary
• Daily mark-to-market calculator to update P&L positions in FFA contracts
• FFA options calculator to perform price discovery and sensitivity analysis

EnergyMatch® Europe
In April 2008, ACM/GFI a joint venture between ACM Shipping and GFI Group launched a cleared tanker FFA trading platform. The new global platform operates under EnergyMatch® Europe, GFI’s multi-commodity platform incorporating the technology of GFI-owned Trayport. The screen offers OTC wet FFA broking on routes TD3, TD5, TD7 and TC2. The electronic platform provides a clearing link to LCH.Clearnet and GFI is in talks with the Singapore Exchange (SGX) with the aim of creating a multi-clearing platform.