Fish Pool
Encyclopedia
Fish Pool is an international commodity exchange
located in Bergen
, Norway
that trades salmon futures
. The exchange is partially owned by the public listed company Imarex ASA
.
for fresh atlantic salmon
and quoted in NOK
and Euro
per kilogram.
Commodities exchange
A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and other raw materials and contracts based on them...
located in Bergen
Bergen
Bergen is the second largest city in Norway with a population of as of , . Bergen is the administrative centre of Hordaland county. Greater Bergen or Bergen Metropolitan Area as defined by Statistics Norway, has a population of as of , ....
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
that trades salmon futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
. The exchange is partially owned by the public listed company Imarex ASA
Imarex ASA
Imarex ASA also known as the Imarex Group is a Norwegian company that operates a number of services related to shipping management including the futures exchange International Maritime Exchange , the Norwegian Futures and Options Clearing House and the commodity exchange Fish Pool...
.
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 priceMarket price
In economics, market price is the economic price for which a good or service is offered in the marketplace. It is of interest mainly in the study of microeconomics...
for fresh atlantic salmon
Atlantic salmon
The Atlantic salmon is a species of fish in the family Salmonidae, which is found in the northern Atlantic Ocean and in rivers that flow into the north Atlantic and the north Pacific....
and quoted in NOK
Norwegian krone
The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...
and Euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
per kilogram.