For institutions
Hedge the delay. Trade the movement.
If you move freight, you already price disruption every week. A vessel arrives late and containers miss their berth window. Boxes sit at a congested terminal while demurrage and detention run. A late feeder breaks the onward connection and the whole booking slips. Today that risk is absorbed quietly — in buffer stock, in padded transit times, in thinner margins. Here it has a price you can trade directly, on whether a specific flight, vessel or train arrives on time and on how much cargo actually clears a port or chokepoint.
Cap the cost of a late vessel, or trade a risk outside equities, rates and credit. Contracts on flights, ships and trains, settled on the official record.
- Real-time pricing
- Zero trading fees
- Public-data settlement
- 24/7 markets
For risk managers
Cap the cost of delay.
When a vessel, flight or train runs late, the cost lands on your operation — missed season, idle factory, congestion charges. Buy a contract on that risk; it pays out if authoritative evidence establishes that outcome under the market's fixed terms.
- Pays on official tracking data — no claims, no adjuster, no operator discretion
- You pick the route, the delay threshold and the time window
- Settles when authoritative evidence establishes the result
For trading desks
Trade a risk nothing else prices.
Thousands of live contracts on physical movement worldwide — independent of equities, rates and credit. Every one settles on the official record, so the risk you are trading is the world's, not a model's.
- Zero trading fees
- Transparent, data-driven settlement
- 24/7 markets across flights, ships and trains
Why it works
The Chicago Mercantile Exchange has run delay-style markets for weather since 1999 — energy hedges mild winters, agriculture hedges drought, and each contract pays on a published measurement. 25 years of that has made the model one risk managers already know. We apply it to transport, settled on official tracking data.
Use cases
- Who
- Retailers and importers
- Exposure
- Cargo arriving too late for the season
- What they'd buy
- A contract on whether the carrying vessel reaches its destination port on time
- Who
- Auto and electronics manufacturers
- Exposure
- Delayed parts that idle the factory
- What they'd buy
- A contract on whether a specific inbound flight or vessel arrives on time
- Who
- Tour operators and cruise lines
- Exposure
- A key charter flight or sailing failing to run on schedule
- What they'd buy
- A contract on whether that specific flight or voyage is on time, delayed, or cancelled
- Who
- Travel insurers
- Exposure
- Delay-and-cancellation risk concentrated on the routes they cover
- What they'd buy
- Contracts on the specific flights and routes their policies concentrate in
- Who
- Freight forwarders
- Exposure
- Congestion building at a key maritime chokepoint
- What they'd buy
- A chokepoint-throughput contract on weekly transits through a passage like Suez or Panama
- Who
- Sports leagues, broadcasters, tour managers
- Exposure
- A team, broadcast crew or talent fails to arrive on time
- What they'd buy
- A contract tied to a specific itinerary
Go deeper
Talk to us
Have a specific delay-risk exposure, a hedging use case or a trading question you'd like to walk through? Reach our team directly.
Prefer to explore on your own first? Create a free account and start trading.
GADUIN is not registered with, or licensed by, any securities or derivatives regulator, and the event contracts traded here are not insurance or a substitute for it. Markets settle automatically on official tracking data; nothing on this page is financial, legal, or tax advice.