The new contracts are the Singapore IFO180, IFO380 and Rotterdam barges 3.5% sulphur, with settlement against the Platts Fuel Oil Price Assessment and are available to trade from today. The single swap contracts will allow traders to execute swaps of as little as one tonne through the Cleartrade Exchange platform.
“Adding these contracts is a response to demand from our members and the wider market to enhance our range of tradable asset classes. We have already demonstrated with the Virtual Steel Mill concept that we can respond to emerging market needs,” said Richard Baker, ceo of Cleartrade Exchange. “The introduction of the highly liquid bunker fuel contracts to our regulated marketplace is the latest demonstration of our commitment to developing these products further.”
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