Freight Investor Services (FIS) is bringing forward its annual Charity Day to help with the fight against the coronavirus.

All commissions received from futures and options trading on 16 April will be donated to organisations leading the fight against the pandemic.

FIS founder John Banaszkiewicz - widely known as John B - said the event is being brought forward to show support for the professionals that are treating patients and providing care at a time when national systems are stretched to the limit.

He said the event is normally held in October, but holding it next week could benefit from high volumes that have come from a surge of volatility in freight derivatives markets.

He added that FIS staff and clients had been affected to a greater or lesser extent by the virus, but had adapted to working from home.

Part of what is raised is expected to go to the UK's National Health Service (NHS).

“This is about more than mailing a cheque, we will be donating the proceeds directly to the NHS and other organisations that have played a vital role in helping people through the pandemic,” he said.

FIS will donate commissions from all of its futures and options business as well as physical shipping activities.