Price the Strait of Hormuz.

Individual vessel transit contracts, priced by the market. Trader capital becomes coverage for shipping companies. Disruption triggers payout. Safe passage returns the premium.

Invite-only beta. 2,847 on the waitlist.
Active transit models
Each contract represents a single vessel transiting the Strait. Model prices are derived from AIS tracking data, historical transit patterns, and geopolitical risk indicators.
Simulation Paper market ยท Live trading opens April 2026
Vessel Classification Status Model Price Actions

How Hormuzzy works
War risk premiums for the Strait are set by a handful of London brokers with limited price transparency. We think a market can do it better.
01

Vessel enters AIS range

When a vessel signals intent to transit, a new contract opens. AIS feeds position, speed, heading, and draft in real time. The model sets an opening price.

02

The market prices the risk

Traders buy and sell shares on safe passage. Prices adjust as the vessel moves through the Strait, incorporating geopolitical signals, traffic density, and weather.

03

Capital becomes coverage

Shipping companies purchase protection backed by market liquidity. Disruption triggers payout. Safe passage returns the premium to traders who took the other side.


Built for both sides of the trade
Speculators price the risk. Shipping companies transfer it.

For Traders

A new asset class uncorrelated with equities. Trade your conviction on geopolitical risk, weather disruption, and maritime traffic patterns.

  • Real-time AIS vessel tracking via Spire Maritime
  • Order book with limit and market orders
  • Geopolitical risk feeds from OSINT sources
  • 6 years of historical transit data and analytics
  • REST and WebSocket API for algorithmic strategies

For Shipping Companies

Replace opaque broker quotes with transparent, market-priced coverage. Purchase protection for individual transits or fleet-wide exposure through the Joint War Committee listed area.

  • Per-transit or portfolio coverage
  • Quotes in seconds, not days
  • Transparent pricing backed by live order book
  • Fleet dashboard with exposure analytics
  • Settlement within 24 hours of confirmation

12,400+
Strait transits analyzed
6yr
Historical data depth
24/7
AIS monitoring
<50ms
API response (p50)

21% of global oil passes through the Strait every day. Now you can price it.

Institutional and API tiers available for qualified participants.

2,847 on the waitlist