BIFFEX


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Related to BIFFEX: Baltic International Freight Futures Exchange
AcronymDefinition
BIFFEXBaltic International Freight Futures Exchange
References in periodicals archive ?
In light of the BIFFEX experience, the underlying asset of an FFA is the market rate of a specific route or an index of a small basket of routes.
The maritime derivatives BIFFEX ceased to trade mainly because of low hedging effectiveness.
This led to the creation, on May 1, 1985, of the BIFFEX contract.
These revisions have been driven by the intention to generate an underlying index that promoted the effective functioning of the BIFFEX contract and hence provided a sound basis for effective risk management.