- The CME-listed contract will be the world’s first listed delivered bunker fuel derivatives contract.
- Argus plans to introduce CME-listed LSFO and MGO marine fuels future contracts once physical trade liquidity in the fuels ramps up as a result of the global sulphur cap.
Oil price reporting agency Argus is launching a Chicago Mercantile Exchange (CME) listed Singapore marine fuels future contract which caters primarily to suppliers and end-users of the fuel, reports Reuters.
Financially relevant...http://mfame.guru/argus-launches-worlds-first-listed-delivered-bunker-fuel-derivatives-contract/