Your browser is unsupported

Please visit this URL to review a list of supported browsers.

ICE Futures Europe

Baltic Dry Index (BDI) Future

Description

A monthly cash settled Index Future based on the Baltic Dry Index (BDI) as made public by the Baltic Exchange.

Market Specifications

Trading Screen Product Name
Freight Index Futures
Trading Screen Hub Name
Baltic Dry Index (BDI)
Contract Symbol
BDI
Contract Size
$10.00 multiplied by the BDI
Unit of Trading
Index points
Currency
US Dollars and cents
Trading Price
Index points
Settlement Price
Index points, to 2 decimal places
Minimum Price Fluctuation
One Index point
Last Trading Day
Last Trading Day of the contract month

Note: the December Future will expire on the 24th of December or the previous business day where the 24th of December is a non-working day.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per day based upon the average of the Index Points assessments as made public by the Baltic Exchange for the Baltic Dry Index (BDI) for each business day (as specified below) in the determination period.
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Day in the determination period.
Business Days
Publication days for Baltic Exchange
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
BalticDryIndex
Physical
BDI
Logical
BDI
GMI (FC)
ION A.C.N.
Symbol Code
BDI