Platts launches eWindow instrument for 0.5% Marine Fuel Med/North derivatives April 24

Platts, part of S&P Global Commodity Insights, has launched eWindow instruments for Marine Fuel 0.5% FOB Med Cargo/FOB Rotterdam Barge derivatives on April 24, 2023.

These will appear on the eWindow as: Marine 0.5% FOB Med Cg (Platts)/FOB Rdam Bg (Platts).

Bids, offers and trades for will be published through the eWindow software for Months 1 through 12, four Quarters and one Calendar Year on a rolling basis.

Participants in the Market on Close process will be 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 Marine 0.5% FOB Med Cg (Platts)/FOB Rdam Bg (Platts) derivative eWindow instruments will 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 MOC in order to ensure an orderly and transparent price assessment process.

INCREMENTABILITY: Bids and offers for the 0.5% Marine Fuel Med/North 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.