verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . november 2008 learn how and when to remove this template message baltic exchange type futures exchange location london united kingdom founded 1744 owner co operative key people mark jackson ceo guy campbell chairman currency usd indices baltic dry index baltic panamax index baltic capesize index baltic supramax index baltic handysize index baltic dirty tanker index baltic clean tanker index website www.balticexchange.com the baltic exchange is the provider of information on maritime transportation markets used for the trading and settlement of physical and derivative contracts . it was located at 24 28 st mary axe london until that building was destroyed by a bomb in 1992 and is now located at 38 st mary axe . it has further offices in europe and across asia . contents 1 overview 2 current management 3 biffex 4 premises 5 notes 6 references 7 external links overview edit baltic dry index its international community of over 600 member companies encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the baltic . baltic exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels . the company was founded in the mid 19th century with leading founding shareholders being stephen ralli and michael rodocanachi whose families were from the chian diaspora . 1 the first use of the name was at the virginia and baltick coffee house in threadneedle street in 1744 and was registered as a private limited company with shares in 1900 . today the exchange is owned by its member companies and is not publicly traded on a stock exchange . it is governed by a member elected board of directors . the exchange provides daily freight market prices and maritime shipping cost indices which are used to guide freight traders as to the current level of various global shipping markets as well as being used to set freight contract rates and settle freight futures known as forward freight agreements or ffas . originally operating a trading floor the exchange s members transactions are today done solely over the telephone or on broker owned screens . the exchange is the source of market wide information and publishes seven daily indices made up from a suite of wet and dry benchmarked individual shipping voyages baltic dry index bdi baltic panamax index bpi baltic capesize index bci baltic supramax index bsi baltic handysize index bhsi baltic dirty tanker index bdti baltic clean tanker index bcti the exchange also provides forward curves a dry cargo fixture list sale and purchase values lpg assessment daily market news and the market settlement data for freight derivative contracts . current management edit as of december 2008 the current management includes chief executive jeremy penn 2 chairman lambros varnavides head of finance and company secretary clive weston communications bill lines biffex edit biffex the baltic international freight futures exchange was a london based exchange for trading ocean freight futures contracts with settlement based on the baltic freight index . it started trading dry cargo freight futures contracts in 1985 and was modestly successful for some years . all contracts were cleared by the icch international commodity clearing house later renamed lch.clearnet london clearing house . a tanker freight futures contract was introduced in 1986 but never became popular and was suspended indefinitely the same year . volumes in the dry cargo contracts dwindled over the years and the contracts ceased trading due to lack of liquidity in 2001 . premises edit the exchange was located at 24 28 st mary axe london until that building was destroyed by a bomb in 1992 and is now located at 38 st mary axe london . it has further offices in europe and across asia . notes edit greek migrations phanariot chian and other families and the secrets of their success . retrieved 22 november 2012 . cnbc 2016 09 26 . baltic exchange names mark jackson as new ceo . cnbc . retrieved 2016 09 26 . references edit huber mark 2001 . ch . 9 chartering and operations . tanker operations a handbook for the person in charge pic . cambridge md cornell maritime press . isbn 0 87033 528 6 . turpin edward a. ; mcewen william a. 1980 . ch . 18 united states navigation laws and ship s business . merchant marine officers handbook . centreville md cornell maritime press . isbn 0 87033 056 x. external links edit official web site www.balticexchange.com v t e ship chartering agreement types voyage charter time charter bareboat charter demise charter affreightment charter party members ship owner ship manager ship broker charterer freight rates worldscale freight derivatives baltic exchange imarex baltic dry index related topics tramp trade bill of lading demurrage laytime v t e economy of the united kingdom companies co operatives employee owned companies ftse 100 index ftse 250 index ftse fledgling index ftse smallcap index government owned companies currency governance regulation bank of england governor of the bank of england budget company law competition commission department for business innovation and skills financial conduct authority gilts hm revenue and customs hm treasury chancellor of the exchequer debt management office monetary policy committee office for budget responsibility office of fair trading pound sterling banknotes coinage taxation uk statistics authority uk trade & investment history chronological 1659 1849 navigation acts agricultural revolution industrial revolution panic of 1796 97 1815 46 corn laws new imperialism 1830s 1945 second industrial revolution 1860s 1914 1873 79 long depression 1926 general strike 1929 39 great depression 1948 52 marshall plan 1974 three day week 1979 winter of discontent 1986 big bang 1992 black wednesday late 2000s recession 2008 bank rescue package 2009 bank rescue package recurrent economic geography free trade gold standard recessions and recoveries national champions policy economic liberalism privatization nationalisation nations regions cities england atlantic gateway birmingham big city plan bristol cornwall croydon croydon vision 2020 devon expansion plans for milton keynes fishing leeds list of counties by gva liverpool london east london tech city london plan m4 corridor m11 corridor manchester reading sheffield silicon fen thames gateway tourism transport n. ireland belfast transport scotland aberdeen agriculture edinburgh industrialisation fishing oil and gas renewable energy silicon glen tourism transport whisky wales cardiff cardiff bay swansea tourism transport people and labour billionaires businesspeople demography income poverty labour law equal opportunities minimum wage working time directive pensions trade unions trades union congress unemployment sectors resource & production energy renewable energy biodiesel coal geothermal hydraulic frac . hydroelectricity marine north sea oil solar wind food agriculture cider wine beer fishing english scottish materials forestry mining financial services baltic exchange banking list of banks list of uk building societies canary wharf the city euronext.liffe glasgow international financial services district insurance lloyd s of london lch.clearnet london interbank offered rate london metal exchange london platinum and palladium market london stock exchange alternative investment market other education entertainment & media cinema gambling newspapers radio television theatre healthcare legal services manufacturing aerospace automotive pharmaceuticals exports property architecture construction housing real estate science and technology internet telecommunications supermarkets tourism transport aviation rail inter city high speed trade and business organisations business and employer associations british bankers association british chambers of commerce confederation of british industry co operatives uk eef federation of small businesses industry trade groups institute of directors uk payments administration ukpa category commons coordinates 51 30 54 n 0 04 49 w 51.5151 n 0.0802 w 51.5151 ; 0.0802 retrieved from https en.wikipedia.org w index.php title baltic exchange & oldid 743045074 categories ship charteringservice companies of the united kingdomeconomy of londonshipping managementfutures exchangescommodity markets in the united kingdom1744 establishments in great britainhidden categories articles needing additional references from november 2008all articles needing additional referencescoordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch fran ais nederlands suomi edit links this page was last modified on 7 october 2016 at 12 52 . text is available under the creative commons attribution sharealike license ; 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