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- Futures contracts for Salmon are financial instruments that allow producers, large consumers, and speculators, to offset or assume the risk of a price change of holding a quantity of Salmon over time.
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Clear your salmon futures trading at Nasdaq for CCP clearing that removes any counterparty credit risk. Integrated with the Fish Pool ASA trading system.
A financial contract works independent of the physical delivery of fish. When the contract has come to the realisation period, the buyer and seller will either receive or pay the difference between the agreed contract price and the last months average spot price, measured as Fish Pool Index™.
Based on the weekly SISALMONI spot index from Sitagri Index Services, a BMR-compliant Price Reporting Agency (PRA), the Euronext Salmon Future (ESF) is a cash-settled contract that provides a true reference price for the salmon industry.
According to BMR regulations, FinanceAgri has been appointed by Euronext Group to provide the new weekly salmon spot index (SISALMONI*) as the underlying of the EUR-denominated cash-settled Salmon Futures contract.
On Dec 31 st 2023 the Open interest in salmon futures listed at Fish Pool was 27 578 tons held by end-users. Please note that this Open Interest differs from the Open Interest found on the Nasdaq clearing Website as the Clearinghouse open interest.
The salmon futures contract is designed for participants who want to manage their price risk and hedge their positions in the salmon value chain. These include salmon farmers, exporters, importers, processors, fish smokers, hotels, restaurants, catering and supermarkets. Aquaculture-based commodity contracts are not new within the Euronext Group.
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Futures contracts for Salmon are financial instruments that allow producers, large consumers, and speculators, to offset or assume the risk of a price change of holding a quantity of Salmon over time.
