Changes to US eWindow match guidelines

Effective October 9, 2009, Platts is implementing a change to the position match guidelines in its US editorial processes where eWindow is used.

If a market maker raises a bid and matches an offer for the same product and timing via eWindow, or conversely lowers an offer and matches a bid for the same product and timing via eWindow, the two parties will be considered to have transacted for our editorial purposes and both parties will have the option to repeat the bid/offer at the same level or less than the traded price.

Currently, matches of bids/offer in existing US editorial processes result in a transaction, but the position of the market maker who prompted the match remains at the same level until one minute has passed for the opposing market maker to submit a rebid/reoffer. This guideline will remain in place for non-eWindow US editorial processes.

For questions or comments, please contact Esa Ramasamy, esa_ramasamy@platts.com, with a cc to pricegroup@platts.com.