SUBSCRIBER NOTE: Platts will launch gasoline FOB Med swap in eWindow March 21

Platts will launch premium unleaded 10 ppm gasoline FOB Mediterranean cargo derivatives on its eWindow on Friday, March 21, for the Platts Market on Close assessment process.

The instruments listed will be the balance month, front-month, second-month and third-month outright swaps in US dollars per metric ton, as well as the balance-month/front-month, front-month/second-month, and second-month/third-month spreads.

This will create a different format for headlines of bids and offers published on PGA005.

For example, a headline that currently appears as "~~Platts Gasoline: GASOLINE SWAP: MED: Company A OFFERS $990/mt 5kt April Med Gasoline Swap (FOB 10ppm Cargoes)" will from March 21 be published as "Platts Gasoline Premium Unl 10ppm FOB Med Cg Apr14, Company A offers $990.00 for 5."

Company short-form names may also appear differently.

The derivatives can already be set up in your portfolio, but bids, offers and trades will only be allowed to take place in the Platts Market On Close assessment process from March 21.

eWindow timings are as follows:

Last time to register price indications: 16.20 London time for outright indications, 16.15 for spread indications.

Incrementability: Maximum $1/mt a minimum of every 20 seconds.

Repeatability: Maximum of 30 seconds to repeat a bid or offer following a trade.

Final state: None. Bids and offers can be changed in price up to the close of the assessment process.

Extension: 60-second extension triggered by a change in the bid/offer price or in the event a repeat bid or offer is made in the last 20 seconds. As per Platts methodology, buyers or sellers can withdraw bids/offers at any time, provided no prior interest to transact has been expressed by any potential counterparty.

All bids and offers are firm from the moment submitted into Platts eWindow to the moment they are traded, eWindow period closes or the bid/offer order is withdrawn from the system by the trader or a Platts editor. Platts welcomes all feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com.

For written comments, please provide a clear indication if they 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 upon request.