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20 Apr 2010 | 08:37 UTC — New York
On April 29, Platts will launch eWindow software to facilitate its US domestic LPG assessment process.
The incrementability, repeatability, and extension guidelines will follow those explicitly stated for eWindow at the following link: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpec s/crudeoilandproductsspecs.pdf or http://bit.ly/crudeprodspecs.
In those markets where the bids/offers are submitted directly via eWindow, Platts will accept in its editorial processes price changes as rapidly as 30 seconds. 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 via eWindow, an automatic three-minute time extension period will be triggered in order 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 Esa Ramasamy, esa_ramasamy@platts.com, with a cc to pricegroup@platts.com.