Recent events demonstrate the need for increased risk management as access to trade finance tightens and delivered bunker fuel premiums rise
Freight Investor Services is delighted to welcome Jarryd Smith to its Fuel Oil derivatives broking desk in Singapore.
Jarryd joins FIS from a well-known competitor which is scaling back its operations just as FIS is seeing growing interest in hedging and trading fuel oil, with increasing levels of activity across the portfolio of fuel oil swaps.
“Jarryd comes to us with several years’ experience as a fuel oil and gasoil swaps broker, working with clients to help them build and execute their trading strategies,” says FIS Director, Asia, Tom Fox-Hughes. “As the shipping market adjusts not just to the changed oil market but to the underlying shift due to IMO2020, we are seeing more and more owners look for a practical way to hedge their fuel oil exposure.”
“It’s a great time to join FIS which is well-placed to capitalise on the need for higher levels of hedging in the fuel oil space,” adds Jarryd. “We’ve seen in recent weeks just what an unpredictable market this can be, and the resulting trend towards tighter trade finance means we can expect to see increased demand for risk management in future.”
FIS offers a hybrid approach to swaps and futures markets with live prices available via its FIS LIVE app with execution managed via its global broking teams. The app includes all the futures markets covered by FIS as well as technical analysis tools and regular news updates.
Source: Freight Investor Services