Platts launches European Ethanol T2 FOB Rotterdam derivatives eWindow instrument, July 20

Platts, part of S&P Global Energy, has launched the Platts Editorial Window, or eWindow, communication tool for the Intercontinental Exchange (ICE) Ethanol T2 FOB Rotterdam Barges futures contract, effective July 20, 2026.

This appears on the eWindow as: Platts T2 Ethanol NWE.

Approved participants within the Platts Market on Close assessment process may submit bids, offers and intents to trade bids or offers for publication directly through the eWindow or through an editor who may publish bids and offers on their behalf. Platts requires participants to undergo a separate review process to the Ethanol T2 FOB Rotterdam barge MOC in order to participate in the EMEA Ethanol -- Paper MOC.

Platts has launched eWindow instruments for the balance month (balmo), months 1 through 12, four quarters forward and two calendar months.

In addition, Platts has launched instruments for inter-month spreads, inter-quarter spreads and calendar year spreads. The instruments in the eWindow reflect lot sizes of 100 cubic meters, with a minimum of five lots and a maximum of 200 lots. Orders published in the eWindow reflect lot sizes in multiples of five.

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 Ethanol T2 FOB Rotterdam derivatives may be improved by a maximum of Eur1/cubic meter ($1.16/cubic meter) every 20 seconds via the eWindow or Eur1/cubic meter every 60 seconds via an editor.

TIMING: The cutoff for new bids and offers will be 16:20:00:00 London time for outright instruments and 16:00:00:00 London time for spreads.

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 16.30.00.999 London time.

Platts announced this launch on June 2.

Please submit any feedback, comments, or questions to platts_biofuels@spglobal.com and pricegroup@spglobal.com.

Entities interested in participating in the Platts Market on Close assessment process can submit their request via this form: MOC Participation Review Request | S&P Global.

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.