Asia-North Europe forward freight prices on CoFIF edged a bit lower, ignoring
the Nov 1 GRI and the on-going correction in the spot market, while the trading
volume stabilizes at just below $900m a day.
After 55 trading days since launch, the CoFIF has been a surprising success in
the liquidity front, which are sustained primarily by the onshore retail
traders. As per the exchange, 80% of the trading volume come from qualified
retail traders and nearly all trading volume come from onshore pools