News

Electronic market will help stabilize salmon prices

First international electronic marketplace for trading financial salmon contracts to open this month

April 5, 2006

Fish Pool AS, the first international marketplace for the trading of financial salmon contracts will officially open on April 27 2006. It has been created to facilitate the transaction of financial salmon contracts for farmers and purchasers of salmon.

The contracts to be offered by Fish Pool are completely new tools for the salmon industry and will aim to bring more stability to the prices of salmon.

The majority shareholders in Fish Pool are the Norwegian banks, DnB NOR, Nordea and Sparebanken Vest as well as GC Rieber AS and Bergen Energi AS. The marketplace is located in Bergen, on the West Coast of Norway, which has a long history in trading fish and seafood.

The market will be powered by Trayport GlobalVision, a leading provider of electronic commodity trading systems in Europe.

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