Is the FFA market growing?
Yes. The overall freight derivatives market is growing and Imarex is growing. There are many players who require a certain level of liquidity in a market in order to trade. They want to be able to get in and out of a trade without too much slippage (the difference between the bid and ask). What we are seeing is that liquidity begets liquidity. What this means is that as more people trade, liquidity increases. As liquidity increases, more people trade. You could call this the opposite of a “Catch-22”.
