Platts to launch US ethanol eWindow March 30

On March 30, Platts will launch eWindow technology to facilitate its US ethanol assessment processes.

The incrementability, repeatability and extension guidelines will follow those explicitly stated for eWindow at the following link: http://plts.co/CrudeOilSpecs.

In those markets where bids and offers are submitted directly through the eWindow, Platts will accept in its editorial processes price changes as rapidly as 30 seconds. The minimum price change is $0.0005/gal, and the maximum price change under normal conditions is $0.0025/gal.

In addition, Platts will accept repeat bid/offer indications submitted no later than 30 seconds after the indication of trade in its US editorial processes where eWindow is used. If any party expresses its repeat interest to buy/sell within 20 seconds of the close at 3:15:01 through eWindow, an automatic one-minute time extension period will be triggered to adequately test repeatability. Only the bid or offer that shows repeat buying/selling interest will be valid during that extension period.

If, at 3:15:01, there is additional market depth at the same price level as the repeat order that triggered the extension, the assessment will reflect the remaining market depth at the close.

For questions or comments, please contact Kevin Allen, kevin_allen@platts.com, +1 713 658 3262 with a cc to pricegroup@platts.com.