Platts amends note for launch of eWindow instruments for 1% Fuel Oil Med/North derivatives Feb. 3, 2025

Platts, part of S&P Global Commodity Insights, has amended the subscriber note dated Feb. 3 outlining the launch of eWindow instruments for 1% Fuel Oil Med/North derivatives, published here.

The note published Feb. 3 incorrectly stated that the launch would include eWindow instruments including "three Calendar Years." This should have read "two Calendar Years."

Platts confirms that the following eWindow instruments were launched Feb. 3:

Balance Month (BalMo)

Months 1 through 6

Four Quarters

Two Calendar Years

These appear on the eWindow as: 1% FOB Med Cg (Platts)/1% FOB NWE Cg (Platts).

Approved participants in the Market on Close process are able to submit bids or offers for publication directly through the eWindow communication tool or through an editor who would then publish the bids and offers using the software.

The newly listed 1% FOB Med Cg (Platts)/1% FOB NWE Cg (Platts) derivative eWindow instruments reflect a minimum volume of 5,000 mt and a maximum of 25,000 mt.

Platts has established clearly defined timing guidelines and standards of incrementability that apply when publishing bids and offers in the Platts Market on Close assessment process in order to ensure an orderly and transparent price assessment process.

INCREMENTABILITY: Bids and offers for 1% FOB Med Cg (Platts)/1% FOB NWE Cg (Platts) derivatives may be improved by a maximum of $1/mt every 20 seconds via the eWindow or $1/mt every 60 seconds via an editor.

REPEATABILITY: Market participants will have 30 seconds to repeat a bid or offer, following a trade via eWindow, and 60 seconds via an editor.

EXTENSION: An extension of one minute will be triggered by any price changes or a rebid or reoffer in the last 20 seconds before the close at 16.30.00 hours London time.

Please send any feedback or questions to Europe_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.