Learn What They Were Trading

Discover the derivatives market mentioned in the 2009 Epstein email.

"Wall Street was shorting shipping futures. The market in freight derivatives (FFAs) now matches the physical market."

— Jeffrey Epstein email, October 2009. U.S. Department of Justice

Forward Freight Agreements (FFAs) are cash-settled derivatives used to hedge or speculate on freight rates. Now you can learn how they work — completely risk-free.

Step 1 of 3

Explore Freight Markets

Study 26 years of synthetic freight data and real ETF prices

1
Explore Historical Data
Study 26 years of freight index movements, volatility regimes, and major events
2
Run Simulations
Monte Carlo scenario modeling to understand risk distributions
3
Paper Trade (Pro)
Practice trading with simulated positions and real-time P&L tracking
Step 2 of 3

Ready to Start?

Create a free account to save your work and access Pro features

📈

Start exploring the freight index data below, or sign up to unlock paper trading and advanced analytics.

Create Free Account

Freight-Sim Beta 16.0

Educational freight index sandbox. Learn how Forward Freight Agreements work — the derivatives market mentioned in the 2009 Epstein email.

Explore 26 years of data, study volatility regimes, and practice risk-free. Built for transparent education.

⚠️ Not investment advice. Derivatives & leverage can cause rapid losses.
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Freight Index Explorer

Pinch: zoom • Drag: pan • Tap: lock/unlock • Share link preserves your exact window.

Overlays:
🔒Vol 30
🔒Vol 90
🔒Vol 365
🔒Drawdown bands
🔒Regime shading
Uses freight_index_derived.json if available; otherwise computes locally.
Quick Tours (starter windows)
Tap to expand
Latest 1Y
Max history
2008 window
COVID window
Congestion window
Tours help newcomers jump into meaningful windows immediately.
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Pinch • Drag • Tap-lock • Share
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Live
Tap to lock this point. Tap again to unlock.

Chart Controls

Navigation • Time windows • Tools
Navigate Date Range Tools

Key Metrics (Free)

Return (window)
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Vol (ann.)
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Max drawdown
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Best / Worst day
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Events in view
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Additional Insights

Ann. Return
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Sharpe Ratio
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Up / Down
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VaR (95%)
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Share links preserve your exact window: ?s=…&e=…&events=…
Events (click to jump)
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Macro
Shipping

Newcomer's Guide

Short, practical, and grounded.

FFAs are cash-settled freight derivatives used to hedge or speculate on freight-index moves.

  • Index risk: you trade an index, not your specific route
  • Volatility: sharp regime changes happen
  • Leverage: small moves can become large P&L swings

Use the chart to study drawdowns, vol spikes, and event windows. If you don't understand what would cause a sudden move, don't size up.

Pro (framework)

Free stays useful. Pro unlocks overlays, exports, saved workflows, and advanced risk tools. Preview what you're missing before dismissing.

Pro unlocks:
Overlays • exports • saved views • larger simulations
Reserved for Pro (high value):
  • Overlay mode: rolling vol 30/90/365, drawdown bands, regime shading
  • Scenario sandbox: 1000 paths, 1Y, exports
  • Saved views: named share links + fast restore
  • Exports: CSV for windows / scenarios
Pricing: Pro subscriptions coming soon. Interested? Contact us.

Scenario Sandbox PRO

Monte Carlo Simulation: 1000 Possible Paths
This projection fan uses recent log-return volatility from your current window to illustrate a probability distribution, not a forecast.
Light blue lines = possible future paths
Solid dark blue = most likely (median) projection
Dashed lines = 80% confidence interval
Starting value: -
Median projection (252d): -
80% range: -
Probability of positive return: -
Free: up to 50 paths, 90d. Pro: up to 1000 paths, 1y + export.

Saved Views

Save your current window + toggles. Pro syncs views in your account.
Saved:
Sign in to sync across devices.

📈 Paper Trading PRO

Practice trading the freight index with simulated positions.
Position
Flat
Entry price
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Current price
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Position size
$10,000
Unrealized PnL
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Realized PnL
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Equity
$100,000
Max Drawdown
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Trade Log:
Educational simulation. Fills at last displayed price.
No trades yet.
Paper Trading is a Pro feature.

Status

About Freight-Sim

Freight-Sim is an educational freight index sandbox built on synthetic data. Explore historical freight index moves, study volatility regimes, drawdowns and macro/shipping events, and run Monte Carlo simulations to understand risk. This tool is for educational purposes only and is not investment advice.

What's new in Beta 16.0