How has the role of the Baltic Exchange changed in modern times?

Although some trading is still done face-to-face between member brokers on “The Floor” of the Exchange, most communications between shipbrokers involved in a fixture are now made by electronic means, since the brokers may be in two or more countries. The Baltic Exchange is in effect a communications hub and a key source of market information. Most London brokers and many overseas brokers are members of the Baltic Exchange.

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