In a major development FIS has announced that they have executed the first trade on the new Singapore FOB Marine Fuel 0.5% Futures contract specs, reports Freight Investor Services.
How did it happen?- The FIS bunker desk brokered the deal on a spread basis for December 2019 Singapore 0.5 %.
- Fuel Oil versus December 2019 Singapore 380 spread at $200.
- The futures trade is the first to be made on the Platts 0.5% spot Singapore index that began publication in January 2019.
- Physical trading remains...
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