Platts updates timing, increments for North California ethanol MOC process

S&P Global Platts is updating the timing and increment guidelines for its North California ethanol assessments as part of the Platts Market on Close assessment process, effective July 1.

This change is in line with the launch of North California ethanol eWindow instruments on July 1, as announced in a subscriber note published June 15: www.spglobal.com.

The new timing and increment guidelines are as follows, with times listed in Eastern Time:

• Reaction time after a trade to repeat order (repeatability) has to be within 30 seconds
• No more price changes (final state) at 2:29:00:000
• Market close is at 2:30.00.999
• Extension trigger period (repeat/change of an order which triggers extension of the window) is from 2:29:40:000 to 2:30:00:000
• Period of testing the repeatability of an order repeated/changed near the close (extension state) is from 2:30:01:000 to 2:31:00:999
• Maximum price increment is $0.0025 per 30 seconds

Please send any further feedback or questions to americas_ags and pricegroup.

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