globalCOAL Implements Volumetric Size Limits in Richards Bay Market
LONDON AND SINGAPORE – 08 June 2015
globalCOAL today announced that following recent market consultation, it will limit bids, offers and trades in the fixed price Phys RB market to multiples of 25kt only.
The change addresses concerns voiced by globalCOAL Market Members about bidding activity in unusual clip sizes.
The new clip size limit will be implemented on the globalCOAL platform over the weekend of June 13th and will remain in place till the end of December 2015, when the functioning of the market will be re-examined by globalCOAL.
All other volumetric sizes will be accommodated in the Phys API4 Index market and by globalCOAL’s voice brokerage service.
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