Fish Pool is an international
commodity exchange
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City.
...
located in
Bergen
Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula o ...
,
Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...
that trades salmon
futures
Futures may mean:
Finance
*Futures contract, a tradable financial derivatives contract
*Futures exchange, a financial market where futures contracts are traded
* ''Futures'' (magazine), an American finance magazine
Music
* ''Futures'' (album), a ...
contracts. The exchange is 97% owned by the stock exchange in Norway
Oslo Børs
Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deri ...
. Trading at Fish Pool commenced in May 2006. The volumes traded at the exchange represent approximately 10-15% of the annual production of farmed
Atlantic salmon in Norway.
The primary objective of the exchange is to facilitate risk management of salmon spot price risk. Salmon farmers (sellers of farmed salmon) and processors (buyers of salmon) are examples of entities that use futures contracts for risk management of salmon spot price risk.
Fish Pool Index
The Fish Pool Index is the corresponding index that is issued each week on the price of salmon. The index is a
synthetic market price for fresh
atlantic salmon and quoted in
NOK per kilogram.
References
Fish Pool prices, fantasy or reality?90,000 tonnes of salmon traded at Fish Pool
Academic studies on Fish Pool derivatives
The spot-futures prices relationship on Fish PoolHedging efficiency of Fish Pool futures contractsIs there a risk premium on Fish Pool futures contracts?
{{Authority control
Commodity exchanges
Stock exchanges in Norway
Financial services companies of Norway
Financial services companies established in 2006
2006 establishments in Norway