Commodity/Option Trades are nonfreight derivatives that are traded as hedges to your company's overall exposure. These trades (for example, crude oil, iron ore, and coal) are meant to hedge risk to overall market fluctuations that may impact your commodity desk and in turn, impact the freight book. Commodity/Option Trades can be represented as buys/sells with a simple Quantity and Price. They reference market data for P&L and settlement in the exact same way as FFAs.

Commodity contracts are valued against the quoted forward rates for the route underlying the trade. Commodity Options are not being automatically valued against the underlying routes. Instead, you can create a Market for Commodity Options in which the Option Symbols can be quoted. Each Commodity Option contract will have a unique Option Symbol automatically generated. On the Market Data form, the quoted values of the trades can be recorded for each Option Symbol.

In the Trading module center , under Trades, click Commodity/Option Trade.

Open

Copying a Commodity

To copy a Commodity, click . Enter the number of copies and then click Create. Edit line items for the copies as needed and then click OK.

Commodity/Option Trade List

All Commodity/Option Trades appear on the Commodity/Option List. In the Trading module center , next to Commodity/Option, click List.

The Commodity/Option List is a standard IMOS list, so you can sort it, filter it, do a Quick Search, and create custom Views for it.

In the Commodity/Option List, you can select multiple Commodity/Options and confirm them at once by clicking the Confirm trade(s) link.