London's centuries-old Baltic Exchange has received interest from exchanges and financial operators, including the London Metal Exchange and CME Group, for its dry freight derivatives platform, sources familiar with the matter said.Volumes have remained low on the loss-making Baltex multilateral trading facility since it started in June 2011, but strategically it provides an attractive gateway into freight, bulk commodities industry sources say.Baltex is the first central electronic marketplace for freight forward agreements (FFA), which enable investors to take positions on freight rates at a point in the future."The Baltic Exchange has received expressions of interest. There have been exploratory talks. It is at an early stage," one source said.
CME Group Inc. (CME Group) offers a range of global products across all asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. Shares of CME fell by 0.16% or $-0.12/share to $77.17. In the past year, the shares have traded as low as $49.54 and as high as $79.45. On average, 2057770 shares of CME exchange hands on a given day and today's volume is recorded at 919264.
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