Middle Distillate derivative eWindow launch December 7

Effective Tuesday December 7, Platts is launching the eWindow price discovery tool in the European middle distillate derivative Market on Close assessment processes.

Participants who wish to place bids and offers for outright swap indications into the MOC will need to be registered in eWindow prior to 16:20 London time each day and participants who wish to place bids and offers for time spread indications into the MOC will need to be registered in eWindow prior to 16.15 London time each day.

Increment ability will be set at a maximum of $1.00/mt price move per 20 seconds, with a 30-second limit for rebidding or reoffering following trade.

There will be no price freeze prior to the 16:30 closing time.

A 60-second extension will be triggered by any price move or a rebid/reoffer in the 20 seconds prior to the close of the MOC at 16.30 London time.