Timeline for How do freight derivatives like Forward Freight Agreements (FFAs) work?
Current License: CC BY-SA 3.0
9 events
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| Jul 6, 2013 at 3:55 | vote | accept | CommunityBot | ||
| Jul 5, 2013 at 7:46 | comment | added | hroptatyr | I edited the post to include a pointer to a rather general (but good) introduction to financial instruments. | |
| Jul 5, 2013 at 7:44 | history | edited | hroptatyr | CC BY-SA 3.0 |
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| Jul 5, 2013 at 7:31 | comment | added | hroptatyr | I think, it's too much to explain in a series of comments here. Unfortunately, I don't have any resources handy that explain all that in just one book, I guess it's the years of experience in the financial sector that make it easy to grasp new contracts types (FFAs are relatively new, around for just 10 years or so). | |
| Jul 5, 2013 at 7:29 | comment | added | hroptatyr | Fixed price/floating price are the legs of the swap. You swap a fix for float. The fixed price is the settlement price of the contract (or the price you traded at), the float is the spot market price. | |
| Jul 5, 2013 at 7:27 | comment | added | hroptatyr | Specifically: the minimum tick is the smallest change in quotes allowed, i.e. with a mintick of $0.0001 you can't change a quote from $2.0100 to $2.01005 but only to $2.0101 | |
| Jul 5, 2013 at 7:26 | comment | added | user10542 | I started with a book on shipping called: Maritime Economics and didn't understand words and started googleing so.. i have difficulty understanding a swap(well.. that's easy enough.. you xchange coupons, but you have so many different types..) Could you suggest a reading resource, book - that could get me upto scratch reasonably quickly | |
| Jul 5, 2013 at 7:22 | comment | added | user10542 | Hi, that opened up even more questions - I'm a newbie to finance - a student, not a trader and I don't work in the financial sector. Could you suggest a reading resource to explain: Minimum tick, Fixed price, Floating price, Contract series, Transatlantic RV (that looks like a name for a shipping route) | |
| Jul 5, 2013 at 6:48 | history | answered | hroptatyr | CC BY-SA 3.0 |