SUBSCRIBER NOTE: Platts to reduce repeat order timing in Dubai MOC

Platts confirms it will shorten the time allowed for participants to repeat a bid or offer, following a trade, in the Middle East sour crude partials Market On Close assessment process, with effect from November 2, 2015.

Platts proposed this change in a subscriber note published on September 23.

Currently, participants in the MOC process have up to 60 seconds to repeat their bid or offer following a trade. Platts is shortening this to 15 seconds to align with the increment timing guidelines for physical Dubai, Upper Zakum and Oman partials and partials spreads.

The change will not affect the increment guidelines, which allow market participants to improve their bid or offer by up to 10 cents/b every 15 seconds.

Please send any comments or questions to asia_crude@platts.com and pricegroup@platts.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 upon request.