datawatch may 2015

New products and data sources

Delisting of products and data sources

Potential impacton data

Changes to data attributes, replacement of products

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MAY 2015

By Jay Jameson

Tesla and the Shift in Power: Part one what Powerwall batteries

could mean for energy consumers

Summary

May 2015 2

Summ

aryContents

Editorial 5 Teslas Off-grid Power Storage Batteries: More questions on load forecasting and data 5

Power 7 EEX Expands Belgian and Dutch Power Futures and Spreads 7EEX Registers New Options Trade via Straight-Through-Processing for Clearing at ECC 7Flow-Based Methodology for CWE Market Coupling Launches Successfully 7Platts to Discontinue Some German Far-Month Contracts 8Platts to Stop Some Czech Peakload Power Assessments 9Platts Discontinues UK High/Low Power Assessments Table 9NYMEX Amends Termination Rules for Eight Electricity Futures 10

Petroleum 12 Platts to Introduce CFR Singapore Naphtha Assessment 12Platts to Launch New West Africa Crude Oil Assessments 12Platts to Add FAS Houston Metallocene and LLDPE C6 Assessments 13Platts Introduces Gasoline FOB Mediterranean Crack Swaps Assessments 14Platts Launches US Vacuum Gasoil and Straight Run Fuel Oil Commentary 14Platts Assesses US Gulf Coast Distillates vs. NYMEX July ULSD Futures 15Platts Publishes Basrah Heavy Crude Official Selling Price 15Argus Introduces Russian Polymer Bitumen and Marine Fuel Assessments 15Argus Adds Series to Argus DeWitt Benzene Daily 16Argus Lists Daily and Weekly Basrah Heavy Crude Assessments 17NYMEX Adds Sulfur Gasoil Futures 18DGCX to Introduce Cash Settled Mini Polypropylene Futures 19Platts to End Some Mediterranean, UK Continent VLCC Dirty Tanker Assessments 20Platts to Discontinue US Ethylene Assessments 20Platts to End North America and Panama Low-Sulfur 1% Bunker Assessments 20Platts to Stop Publishing Weekly US Mixed Xylenes Assessment 21Platts to Discontinue Daily US Styrene Balance of Month Assessment 21Platts to Discontinue Platts Rubber Index Newsletter 22Platts Stops Publishing Brent NX 4:30 p.m. UK Time Assessments 22Platts Ends Chile Marine Diesel Oil Assessment 22Argus Discontinues Russian Bitumen Codes 23Argus Stops Gasoil Diesel Summer Sokur Terminal Assessment 23Argus Renames Houston Benzene Codes in Argus DeWitt Benzene Daily 24

Natural Gas 25 Argus Adds New Markets to Natural Gas Forwards 25NYMEX Reduces Block Trade Minimum Threshold for Select Asian LNG Futures 26

Summary

May 2015 3

Summ

aryCoal 27Platts Adds Chinese Yuan/mt Thermal Coal Prices 27Platts to Discontinue Two Illinois Basin Coal Assessments 27Argus Delists Coal Transportation Assessments 28NYMEX Delists Certain Central Appalachian Coal Futures and Options 31

Softs and Metals 41SOFTS 33Argus Introduces Algerian Urea Granular Bulk FOB Assessment 33CME Launches European Cocoa Options 33USDA Launches Conservation Assistance Portal for Farmers and Ranchers 34EEX Offers New Agricultural Info-Products 34CBOT Delists Dried Grain Futures 35EEX Completes Migration of Agricultural Futures 35Platts to Publish DR Iron Ore Pellet Premium 36Platts to Launch European IODEX Iron Ore Netback 36METALS 36Platts Begins Publishing New Chinese Hot-Rolled Coil Steel FOB Assessment 37Platts Launches Iron Ore Phosphorus Differential 38DGCX to Introduce India Gold Quanto Futures 38NCDEX Launches Forward Contracts in Gold 39Platts to Discontinue 63.5/63%-fe Iron Ore Assessment 40Platts to Stop Publishing LBMA Platinum/Palladium Prices 40Platts to Discontinue Daily Tokyo Kerb Aluminum Price 40Platts to Discontinue Some Chinese Steel Assessments 41Platts Stops Hot-Dip Galvanized CFR East Asia Assessment 41Platts Ceases Merchant Bar CFR East Asia Assessment 42Platts Increases Frequency of Chinese Hot-Rolled Coil Steel FOB Assessments 42

Finance 43CBOE to List VIX Weeklys Futures and Options 43NYSE Launches Bitcoin Index 43Nasdaq Lists Bitcoin-Based Certificate 44Deutsche Brse Launches New Version of Brse Frankfurt App 44PIMCO Source ETF Launched on Xetra Provides Access to Actively Managed Bond Portfolio 45Nasdaq Lists Activist Index ETF Providing Access to Top Equity Holdings of Major US Activist Investors 45Nasdaq Lists ETF Offering Country-Specific Exposure to European Markets 46Bloomberg Launches Bond Cross Function to Access European Bond Market Liquidity 46DGCX to Introduce Indian Rupee Quanto Futures 46ABN Offers Clearing Services for EURO STOXX 50 Variance Futures 48

Summary

4May 2015

Summ

aryLCH.Clearnet Launches Buy-Side Clearing of FX Derivatives in Europe 48Barchart Introduces Free Market Data APIs 49GFI Launches Electronic Trading Platform for US Odd Lot Corporate Bonds 49ICAP Launches US Agency Securities Matching Engine 49ICAP Launches Offshore Chinese Renminbi Data Hub 50ASX Launches ASX Equity FlexClear Service 50CME Delists E-Mini CNX Nifty Index Futures 51Deutsche Brse, Shanghai Stock Exchange, andChina Financial Futures Exchange Announce Joint Venture 51Bolsa de Valores Acquires Equity Stake of in Bolsa de Comercio de Santiago 51Euronext and Shenzhen Stock Exchange Announce MOU on ETFs and Indexes 52

Weather 53Thomson Reuters Releases Greenhouse Gas Emissions Data on Global Energy Providers 53

Other 54EIA Launches Redesigned International Energy Portal 54Thomson Reuters Launches Russian SanctionsTracking Service 55Wall Street Journal Launches WSJ Logistics Report Digital News Product 55

News from Data Vendors 56ZEMA Adds Fuel, Power, Gas, Metals, Hydrology, and Wind Data Sources in May 56ZEMA Sweeps Data Management Categories in Annual Software Survey 56EEX, EPEX SPOT, Gaspoint Nordic and Powernext to Launch REMIT Reporting Services on 7 October 57Flow-based Methodology for CWE Market Coupling Successfully Launched 59OTCGHs EOXLive Reaches 43% of Natural Gas Options Market Volume 60Ecuador Launches Eco Gasoline Fuel Based on Argus Ethanol Price 61Largest US MTA Switches Fuel Price Indexation to Argus 62Iraqs New Basrah Heavy to Become Third-Biggest Freely Traded Mideast Gulf Crude Stream 62

Monthly Market Analysis 64Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX) 64Crude Oil Brent vs. WTI: Forward Curve (NYMEX) 65North American Natural Gas Spot Prices (NYMEX) 66Henry Hub Natural Gas Forward Curve (NYMEX) 67Actual Weather (AccuWeather) 68Electricity: Day-Ahead Prices (ICE) 69Gold and Silver Daily Prices (CME) 70

In Depth 71Tesla and the Shift in Power: Part one what Powerwall batteries could mean for energy consumers 71

Editorial

May 2015 5

Teslas announcement last month of new energy storage batteries was positioned to mark a major milestone on the road towards a clean and sustainable future. Storage that is on the end-users side is being viewed, at least by some, as the last piece in the mosaic of what constitutes a distributed energy resources system. Such systems comprise multiple components, including a diverse array of power-generating technologies (such as solar, wind, combined heat and power systems, or micro hydro turbines) supplemented by backup generators, microgrids, and of course energy storage units. A properly installed and efficiently run system should be able not only to support the needs of its immediate consumers, but also act as a supplier of power to the wholesale grid.

A great vision; however, making it a reality takes a bit more than placing energy storage units in the garage. Building a brainpower layer operating on top of the conventional infrastructure is at the core of these new systems, and it is a major task. The intelligence, flexibility, and resilience of these new systems require the power industry to enter completely new realms of advanced technologies; hardware and software innovations will be in high demand for the next decade or so.

Researchers currently focus their efforts on developing open-source interoperability standards and cross-technology solutions that can work together. Some of the topics include solar microgrid controllers (that can recognize when new solar power is introduced to the grid), inverters, cross-discipline real-time simulation modeling programs with advanced 3D

Teslas Off-grid Power Storage Batteries: More questions on load forecasting and data

By Olga Gorstenko, Editor-In-Chief, [email protected]

Editorial

visualization, and collaboration tools. This list is long and complex; and it will keep growing and expanding in advances aimed at optimizing system-level performance, improving information security, metering, communications infrastructure, and so on. But this is only one aspect. Developers of data management solutions are facing even more complex tasks. More sophisticated tools are needed for participation in transactional energy markets where price and control signals are exchanged between grid equipment, users, and utilities. The introduction of user-based power storage batteries at this point raises many questions. Because of the timing of this introduction, these questions have to be answered much sooner than anticipated as in now.

Off-grid power storage creates a completely new reality for utilities. Traditional load projections and approaches in meeting this demand by utilities are becoming obsolete. How will the utilities solve it? User-based storage can remove the costs of demand, but how will utilities know when consumers switch between user and supplier modes? It is likely that a combination of both worlds a centralized grid and locales of distributed resources will bring about a new model of how the power industry operates. How many types of these new customers will there be? Will there be individual distributed generation consumers tapped into the grid, and how many of them? Will there also be community-level microgrids serving several individual consumers but ultimately acting as one customer of the grid a community customer?

How will the load be projected for these new classes? Microgrids may evolve to serve as price responsive load. They may also become suppliers of capacity and ancillary services to the wholesale market. This new paradigm may require an introduction of other new market players aggregators. Who will it be, and how will they fit into the existing market mix?

Managing data flowing from millions of data sources on a minute basis will be a job of astronomical proportions. Highly complex, large-scale data systems will require high-performance computing taking on a more prominent role in energy sector. Can the industry afford that? The real-time monitoring and long-term load forecasting models will require access to data currently behind-the-meter and unavailable to grid operators. How will the issue of data security and transparency be solved? Will the utilities be able to monitor the level of charge and operating conditions of the batteries, and how will this information be built into the load forecast models? How many types of load profiles will be needed to serve one locality?

Unfortunately, regulators have not been on a fast track toward microgridding, thus leaving utilities, developers, balancing authorities, and consumers to their own devices. And until a new regulatory reform helps sort it out and put the pieces together, said devices may remain as distributed as the power generation itself. v

Editorial

May 2015 6

Editor-In-Chief

Email: [email protected] Gorstenko

ZEMA Inquiries Bruce Colquhoun. P: 604-790-3299. E: [email protected]

Advertising & Vendor RelationshipsBruce Colquhoun. P: 604-790-3299. E: [email protected]

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Editorial

Power

May 2015 7

EEX Expands Belgian and Dutch Power Futures and SpreadsEffective June 22, 2015, the European Energy Exchange (EEX) extended its product suite in European power derivatives with exchange trading and trade registration for financially settled Belgian and Dutch Power Futures. EEX has already offered Belgian and Dutch Power Futures as physically settled contracts, which will remain tradable. Moreover, EEX will offer the following location spreads starting from June 23, 2015:

Netherlands Phelix (Base and Peak), Netherlands France (Base and Peak), Netherlands Belgium (Base), and Belgium France (Base).See the original announcement.

ZEMA collects a range of European power market data, including over 40 records from the EEX. These records include futures price and trading data. To learn more, visit www.ze.com/the-zema-solutions.

EEX Registers New Options Trade via Straight-Through-Processing for Clearing at ECCOn May, 18, 2015, for the first time, an Options trade was registered at EEX for clearing at European Commodity Clearing (ECC) via Straight-Through-Processing (STP). The STP service enables transactions concluded or registered at the exchange to be routed to the clearing house automatically without the need for further manual intervention.

The Phelix Options trade for the third quarter of 2015 was registered by the broker Marex Spectron on behalf of the two clients. It was delivered to ECC for clearing via eXRP, the STP solution of the European Federation of Energy Traders (EFET).See the original announcement.

Flow-Based Methodology for CWE Market Coupling Launches SuccessfullyOn May 20, 2015, the project partners of the Flow-Based Market Coupling in Central Western Europe (CWE) announce the successful launch of the Flow-Based methodology.

Power

8May 2015

While facilitating cross-borders electricity exchanges and integrating renewable energies into power supply, this new methodology advances the integration of Europes energy markets. The project has been carried out jointly by CWE transmission system operators (TSOs) and Power Exchanges. The Flow-Based method was approved by National Regulators (NRAs) on April 23.

The Flow-Based methodology was successfully run for the first time in the CWE Day-Ahead market coupling process on May 20 (for delivery day 21 May). The CWE TSOs had jointly started the operational coordination process and the calculation of Flow-Based parameters already the day before.

This launch helps pave the way towards the completion of the European Internal Energy Market. By using a more detailed grid description taking into account the increased energy volatility resulting from the higher renewable production, Flow-Based is a more sophisticated method for capacity calculation. Compared to ATC-based methods, FB market coupling increases price convergence while ensuring the same security of supply as today.

The Flow-Based method is expected to be deployed both at a larger European scale and also in different time windows for electricity trading (e.g., intraday application).See the original announcement.

ZEMA collects more than 600 reports on power from Europe alone. To learn how your organization can harness the massive ZEMA data library, book a complimentary demo at www.ze.com/book-a-demo.

Platts to Discontinue Some German Far-Month ContractsEffective September 1, 2015, following industry consultation, Platts is proposing to discontinue some of its German forward electricity assessments.

Platts is proposing the following far-month discontinuations:

German month-ahead+4 baseload and peakload (AAFPE00 and AAFPJ00) German month-ahead+5 baseload and peakload (AAFPF00 and AAFPK00)

The German assessments are published on European Power Alert page 58, in Platts Market Data categories EE and PE and in European Power Daily.See the original announcement.

Power

9May 2015

Platts to Stop Some Czech Peakload Power AssessmentsEffective August 3, 2015, Platts will discontinue some of its Czech forward electricity assessments:

Czech week-ahead peakload (CZPTW00) Czech month-ahead peakload (CZPTM10) Czech quarter-ahead peakload (CZPTQ10) Czech year-ahead peakload (CZPTCY1) Czech year-ahead+1 peakload (CZPTCY2) See the original announcement.

Platts Discontinues UK High/Low Power Assessments TableEffective May 5, 2015, Platts has removed the table named Platts UK Assessments (GTMA, GBP/MWh) from page 9 of European Power Daily. The table displays UK power assessments as a high/low spread.

The discontinuation of the table in European Power Daily will not affect the databasing of UK GTMA power prices. Platts will continue to publish the Platts UK Assessment Midpoints table on page 2 of European Power Daily.

The data series will continue to be published as a high/low range on European Power Alert and will remain available in Market Data category EE.See the original announcement.

Power

10May 2015

Power

NYMEX Amends Termination Rules for Eight Electricity Futures Effective May 18, 2015, the New York Mercantile Exchange, Inc. (NYMEX) amended the termination of trading rules for eight electricity futures contracts beginning with the June 2015 contract month.

As a result, the position limits and accountability levels are being recalculated to reflect different parent contracts and aggregation of positions. The spot month limits will continue to reflect values that are 25% of the appropriate deliverable supply for each contract.

The terms and conditions of these electricity contracts have been amended in the NYMEX Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook in accordance with Appendix B of CFTC Submission #15-109 effective trade date May 18, 2015.

Clearing Code Monthly Futures Current Termination of Trading Rule

D7PJM AEP Dayton Hub Day-Ahead LMP Peak Calendar-Month 5 MW Futures

Trading on CME Globex shall cease on the last business day of the month prior to the contract month. Trading on the trading floor venue, as well as submission of all block transactions, shall cease on the last business day of the contract month.

R7PJM AEP Dayton Hub Day-Ahead Off-Peak Calendar-Month 5 MW Futures

H5MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures

K2

MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Off-Peak Calendar-Month 5 MW Futures

H4

MISO Indiana Hub (formerly Cinergy Hub) Real-Time Off-Peak Calendar-Month 5 MW Futures

Trading on CME Globex shall cease at 23:59 EST on the last calendar day of the month preceding the contract month, and if CME Globex is not available at that time, trading on CME Globex shall cease at the normal termination time on the nearest business day on or before the last calendar day of the month preceding the contract month. Trading on the trading floor venue, as well as submission of all block transactions, shall cease on the last business day of the contract month.

11

Power

May 2015

Clearing Code Monthly Futures Current Termination of Trading Rule

H3

MISO Indiana Hub (formerly Cinergy Hub) 5 MW Peak Calendar-Month Real-Time Futures

Trading on CME Globex shall cease at 23:59 EPT on the last calendar day of the month preceding the contract month, and if CME Globex is not available at that time, trading on CME Globex shall cease at the normal termination time on the nearest business day on or before the last calendar day of the month preceding the contract month. Trading on the trading floor venue, as well as submission of all block transactions, shall cease on the last business day of the contract month.

OPMOntario Peak Calendar-Month Futures

OFMOntario Off-Peak Calendar-Month Futures

See the original announcement.

The ZEMA graph below shows the PJM AEP Dayton Hub Day Ahead LMP vs. Real-Time LMP (published by PJM) for the past year. The comparison between the locational marginal pricing for day ahead markets vs. the locational marginal pricing for real time markets are shown to correspond heavily with one another, fluctuating season to season. The difference in LMP for the hub is represented by the graph, which can be easily applied as one of Market Analyzers many visualization options, and graphs can be viewed instantly as the analytics are built. To learn more, book a complimentary ZEMA demonstration.

Graph created with ZEMA

Petroleum

May 2015 12

Platts to Introduce CFR Singapore Naphtha AssessmentEffective August 3, 2015, Platts intends to launch a CFR Singapore naphtha assessment. This is in line with the significant growth of naphtha imports into Singapore, with a significant volume used for blending into gasoline grades.

The new assessment would reflect cargoes delivering into any approved Platts FOB Straits terminal 15-30 days ahead of the date of publication and of parcel size in the range 50,000 to 150,000 barrels.

Platts would publish the assessment as both an outright value and as a differential against the FOB Singapore Naphtha MOPS Strip. Platts has no plans to discontinue its FOB Singapore naphtha netback assessment, which is assessed as a freight netback from its CFR Japan naphtha assessment.

The netback assessment forms the basis of the FOB Singapore naphtha derivatives assessments and the naphtha MOPS Strip. This assessment will be published on Platts Global Alert, Platts Asia-Pacific/Arab Gulf Marketscan, and in the Platts price assessment database.See the original announcement.

ZEMA collects dozens of reports on crude oil from the Eurasian region. ZEMA can then use this data to create sophisticated analyses and forward curves. To learn what ZEMA can do for you, book a free demo at www.ze.com/book-a-demo.

Platts to Launch New West Africa Crude Oil AssessmentsAs of August 1, 2015, Platts intends to begin publishing daily assessments for four new West African crudes. The new assessments for two Nigerian grades, one Chadian grade and one Ghanaian grade would be launched.

Platts proposes to publish assessments for Nigerias Erha and Usan. Erha is a light sweet crude oil grade produced offshore Nigeria. Production is currently around 100,000 b/d from the Erha FPSO.

Usan is a medium sweet grade with a current production rate of around 110,000 b/d. It is produced offshore Nigeria from the Usan FPSO, which has a capacity of 180,000 b/d.

Petroleum

13May 2015

Platts also proposes to publish assessments for Chads Doba grade. Doba is a heavy sweet acidic crude oil grade produced primarily in the south of the country. Its production is currently around 100,000 b/d, loaded from the Kome-Kribi terminal offshore Cameroon.

Finally, Platts proposes to publish assessments for Jubilee crude, produced offshore Ghana. Jubilee currently has production of around 100,000 b/d and is produced and loaded from the Kwame Nkrumah FPSO.See the original announcement.

Platts to Add FAS Houston Metallocene and LLDPE C6 AssessmentsOn August 1, 2015, Platts intends to launch FAS Houston basis metallocene and standard linear low density polyethylene C6 export price assessments on a weekly basis to capture export market liquidity.

Specifications for standard LLDPE C6 are: 1-Hexene comonomer based on the Ziegler Natta catalyst, with density between 917-922 kg/m3 for both cast and blown film, and a melt flow index of around 0.85.

The proposed weekly export price assessment would reflect a spot cargo size of 100 mt. Larger cargo sizes may be assessed but will be normalized to the standard volumes.

Specifications for metallocene C6 are: 1-Hexene comonomer with a density of 918-940 kg/m3 for both cast and blown film, and a melt flow index of between 0.3-4.5.

The proposed weekly export price assessment would reflect a spot cargo size of 100 mt. Larger cargo sizes may be assessed, but will be normalized to the standard volumes.See the original announcement.

Petroleum

14May 2015

Platts Introduces Gasoline FOB Mediterranean Crack Swaps AssessmentsEffective June 1, 2015, Platts launched assessments for Mediterranean Premium Unleaded Gasoline FOB Cargo Brent Crack Swaps at 16:30 London time. Platts added these assessments to enhance its coverage of the gasoline paper market. Platts initially proposed these assessments in a note published on March 12, 2015.

The new assessments reflect the balance month, front month and second month swaps values in US dollars per barrel with a conversion rate of 8.33.

Platts will publish these new assessments on PFC Europe, page 1637, codes are as follows:

AMGCM00 Mediterranean Premium Unleaded Gasoline FOB Cargo Brent Crack Swap BalMo

AMGCM01 Mediterranean Premium Unleaded Gasoline FOB Cargo Brent Crack Swap Mo01

AMGCM02 Mediterranean Premium Unleaded Gasoline FOB Cargo Brent Crack Swap Mo02


To learn more about gasoline prices in Europe and the Mediterranean, you can use ZEMA to access data reports from Platts. To learn more, visit www.ze.com/the-zema-solutions.

Platts Launches US Vacuum Gasoil and Straight Run Fuel Oil CommentaryAs of June 1, 2015, Platts began publishing a daily commentary on the US vacuum gasoil (VGO) and straight run fuel oil markets. Products detailed in the commentary include 0.5% sulfur, 1% sulfur, and 2% sulfur VGO in the Gulf Coast, Atlantic Coast, and West Coast markets and straight run fuel oil with a maximum sulfur content of 0.3% in the Gulf Coast and Atlantic Coast markets.

The new commentary appears in North American Crude and Products Scan and on a PGA page yet to be determined. It will be separate from the blendstocks commentary that appears on PGA page 773.See the original announcement.

ZEMA collects more than 600 regular data reports from North America alone. To find out how ZEMA integrates this data with downstream systems, visit www.ze.com/the-zema-solutions/integration.

Petroleum

15May 2015

Platts Assesses US Gulf Coast Distillates vs. NYMEX July ULSD FuturesOn May 29, 2015, Platts began assessing the US Gulf Coast ULSD (62 grade), jet fuel (54 grade), and No. 2 heating oil (77 grade) for Colonial Pipeline C30 using the NYMEX July ULSD futures contract as the basis.

This basis will be reflected in C30 eWindow instruments as well. Colonial Pipelines C30 for 62 grade and 77 grade will also be assessed against the NYMEX July ULSD futures. See the original announcement.

With ZEMA you can access more than 300 reports on petroleum from Platts. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data.

Platts Publishes Basrah Heavy Crude Official Selling PriceOn May 7, 2015, Platts announced that it will start publishing the Official Selling Price for the new Basrah Heavy crude grade marketed by Iraqs State Oil Marketing Organization.

Iraqs SOMO confirmed in March it would issue the OSP starting with May loadings. The new grade, with an API gravity of 25 to 26 degrees, has an OSP for loadings to Asia, Europe and the United States. The new OSP is a differential to the average of Oman and Dubai published by Platts for the month of loading for Asian loadings, a differential to Dated Brent for Europe, and a differential to the Argus Sour Crude Index for US loadings.

The assessments will be published on Platts Global Alert page 1059 and in the Platts assessment database under codes AAXUA00, AAXUC00, and AAXUE00 for the monthly differentials and under codes AAXUB00, AAXUD00, and AAXUF00 for the outright prices.See the original announcement.

Argus Introduces Russian Polymer Bitumen and Marine Fuel AssessmentsOn June 1, 2015, Argus introduced codes for the following Polymer bitumen binders and Marine fuel ECA 0.1%. The daily codes have time stamps of 26 and continuous forwards of 0. The following series will appear in DARM data module in /DARM folder of ftp.argusmedia.com:

PA-code Price type Description Unit Category

PA0016771 1, 2, 8 Polymer bitumen binder 60 fot Tula (Tekh-progress)

RUB/t >Products>Fuel oil>Russia-Caspian

PA0016772 1, 2, 8 Polymer bitumen binder 60 fot Noginsk (Dormast)


Petroleum

16May 2015

PA-code Price type Description Unit Category

PA0016773 1, 2, 8Polymer bitumen binder 60 fot Nizhny Novgorod (Bitumnoe proizvodstvo)


PA0016774 1, 2, 8Polymer bitumen binder 60 fot Ryazan (Rosneft)


PA0016775 1, 2, 8 Polymer bitumen binder 90 fot Tula (Tekhprogress)


PA0016776 1, 2, 8Polymer bitumen binder 90 fot Noginsk (Dormast)


PA0016777 1, 2, 8Polymer bitumen binder 90 fot Nizhny Novgorod (Bitumnoe proizvodstvo)


PA0016778 1, 2, 8 Marine fuel ECA 0.1% dob St. Petersburg USD/t >Products>Fuel oil>Russia-Caspian

PA0016779 1, 2, 8 Marine fuel ECA 0.1% dob Ust-Luga USD/t >Products>Fuel oil>Russia-Caspian


Argus Adds Series to Argus DeWitt Benzene Daily Effective May 26, 2015, Argus added the following daily series to Argus DeWitt Benzene Daily. The affected codes have a time stamp of two and a price type of 8; all unites are in USC/USG. This applies to the dbenzene data file in the DATA/DBenzene folder of ftp.argusmedia.com:

PA-codeContinuous forward

Description Category

PA0016784 1Benzene ddp Lower Mississippi River month

>Petrochemicals>Benzene>North America

PA0016784 2Benzene ddp Lower Mississippi River month


PA0016785 1Benzene ddp Lower Mississippi River MTD aver-age month



ZEMA collects more than 50 Argus reports on petroleum products. To learn how ZEMAs massive data library can enhance your companys business processes, book a free ZEMA demo at www.ze.com/book-a-demo.

Petroleum

17May 2015

Argus Lists Daily and Weekly Basrah Heavy Crude AssessmentsEffective May 18, 2015, Argus introduced the following new daily assessment (in USD/bl) to the Argus Crude publication and data module. The following PA code details will appear in the DLC module in the DCRDEEU folder on ftp.argusmedia.com.

PA-codeTime stamp

Price type

Continuous forward

DescriptionDifferential basis

Category

PA0016780 8 1, 2, 3 1Basrah Heavy fob Iraq month

Formula>Crude> Mideast Gulf


Additionally, on May 1, 2015, Argus added the following new, weekly codes to the DAGM data module in the DAGM folder of the ftp.argusmedia.com server:

PA-code Price type

Continuous forward

Description Differential basis

Category

PA5001512 3 0 Basrah Heavy Asia-Pacific formula snapshot

avg Oman/Dubai

>Crude>Official/Formula Price>Mideast Gulf formula

PA5001513 3 0 Basrah Heavy Europe formula snapshot

North Sea Dated

>Crude>Official/Formula Price>Mideast Gulf formula

PA5001514 3 0 Basrah Heavy US formula snapshot

ASCI >Crude>Official/Formula Price>Mideast Gulf formula


Petroleum

18May 2015

PetroleumNYMEX Adds Sulfur Gasoil FuturesEffective Sunday May 4, 2015, the New York Mercantile Exchange (NYMEX) expanded its listing of contract months for the products listed below on CME Globex, the NYMEX Trading Floor, and available for submission for clearing on CME ClearPort.

Code Clearing/Globex

Title Current Listing ScheduleNew Listing Schedule (as of June 23, 2014)

MGN/MGNMini ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures

The current year plus the next calendar years

The current year plus the next two calendar years

TP/ATPULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures

The current year plus the next calendar years

The current year plus the next two calendar years


Using ZEMAs advanced data collection and analytic capabilities, market participants can easily keep track of the new data that will be generated by CME and NYMEX. To learn more, visit www.ze.com/the-zema-solutions.

The ZEMA graph below shows the Gulf Coast Oil Sulfur Futures (published by NYMEX) for March through April. The volatility in price for the commodity is represented by the graph, with the prices of Sulfur Futures varying heavily day-to-day. Analyses like these can easily be generated in ZEMA to display historical datasets. To learn more, book a complimentary ZEMA demonstration.


19May 2015

PetroleumDGCX to Introduce Cash Settled Mini Polypropylene FuturesEffective June 5, 2015, the Dubai Gold & Commodities Exchange (DGCX) will begin offering cash settled mini polypropylene futures contracts. The Contract specifications are listed below:

Specifications Parameter

Contract Mini Dubai Polypropylene for Middle East Delivery

Underlying Polypropylene (PP)

Contract Symbol DPPMM

Contract Size 5 tons per contract

Price Quote USD per ton

Minimum Tick Size USD 1.00

Minimum Tick Value USD 5.00

The quality specifications are as follows:

Parameter Test Method Values

Melt Flow Rate

(g/10Min 230C/2.16 kg) ISO 1133 2.5-4.0

Tensile Yield Stress ISO 527 29 Minimum

FDA Status 21CFR 177.1520 (c)1.1 Compliant

EU Food Contact Status EU Directive 2002/72/EC and its amendments

Compliant

Dubai World Central or Jebel Ali Free Trade Zone Delivery

Material must be free from contaminants and consistent with industry best practice

Material must be free flowing clean cut pellets suitable for use in both volumetric and gravimetric feeders

Without Additives other than the producers standard anti-oxidant and acid neutralizer package


20May 2015

PetroleumPlatts to End Some Mediterranean, UK Continent VLCC Dirty Tanker AssessmentsEffective January 1, 2016, Platts will discontinue a series of assessments for dirty tanker spot market rates in markets where the movement of crude and fuel oil has changed substantially or no longer occurs.

The planned discontinuations, which reflect VLCC routes from the Mediterranean and UK Continent to various destinations, reflect that oil flows have changed significantly in the market at large, and these routes no longer reflect most typical trading patterns.

The numerous affected assessments include daily and MAVG frequencies for the following routes:

Mediterranean - US Atlantic Coast Mediterranean - US Gulf Coast Mediterranean - East Coast Canada UK Continent - US Atlantic Coast UK Continent - US Gulf Coast UK Continent - East Coast CanadaSee the original announcement.

Platts to Discontinue US Ethylene AssessmentsEffective December 1, 2015, Platts intends to discontinue its US ethylene posted contract price assessment.

Market feedback indicates domestic business has moved away from referencing and using the posted price in contract settlements. The assessment is currently published in the Platts Petrochemical Alert on pages PC301 and PC006.

The affected assessments are:

Ethylene USG Posted CP cts/lb -- PHAJI00 Ethylene USG Posted CP cts/lb MAvg -- PHBDC03 See the original announcement.

Platts to End North America and Panama Low-Sulfur 1% Bunker AssessmentsAs of November 16, 2015, Platts intends to end its North America and Panama 1% sulfur bunker fuel assessments.

Platts assesses 1%S, or low-sulfur, bunker fuel on a delivered and ex-wharf bases in Houston, New Orleans, New York, Philadelphia, Savannah, Charleston, Norfolk, Montreal, Vancouver, Seattle, Portland, San Francisco, and Los Angeles in North America, and in the Panamanian

21May 2015

Petroleumports of Balboa and Cristobal. The assessments to be discontinued include IFO 380 and IFO 180 qualities.

Since January 1, 2015, ships operating in the Emissions Control Area within 200 nautical miles of North American shores must use bunker fuel with a maximum sulfur content of 0.1%, down from 1%, according to International Maritime Organization rules. The maritime industrys shift away from 1%S bunker fuel consumption has effectively ended virtually all demand for the product, and as a result it is no longer offered for sale on a typical basis in any of the regions ports, meaning there is no longer an observable market on which Platts can base its assessments.

Platts will continue to publish assessments for 0.1%S marine gasoil, or MGO, for all its existing American ports, alongside ultra-low sulfur, 0.1% bunker fuel assessments in New York and Houston. See the original announcement.

Platts to Stop Publishing Weekly US Mixed Xylenes AssessmentEffective September 1, 2015, Platts intends to discontinue its weekly US mixed xylenes contract assessment due to changes in market dynamics. A market-wide contract settlement is no longer openly available, and as such, the market no longer references or uses the published settlement.

This assessment is listed under the following codes in the Platts price database: Mixed Xylene USG CP PHBHT03.

These assessments are also published in the Platts Petrochemical Alert on page 329 and page 234. See the original announcement.

Platts to Discontinue Daily US Styrene Balance of Month AssessmentAs of September 1, 2015, Platts proposes to discontinue its daily US styrene balance of the month assessment due to changes in market dynamics. The balance of the month assessment is not reflective of trade in the market and will be replaced by an M1 and M2 assessment.

This assessment is listed under the following codes in the Platts price database:

AAPDZ00 -- Styrene bal mo AAPDZ03 -- Styrene FOB USG BalMo cts/lb MAvg AAPDZ04 -- Styrene FOB USG BalMo cts/lb WAvg

These assessments are also published in the Platts Petrochemical Alert on page 339 and page 234. See the original announcement.

22May 2015

Petroleum

Platts to Discontinue Platts Rubber Index NewsletterOn June 15, 2015, Platts will discontinue the Platts Rubber Index (RBX) newsletter. After this date, the natural rubber assessments would still be available on Platts Petrochemical Alert page 680 (PCA680), the Olefinscan, and in the Platts price database until further notice.See the original announcement.

Platts Stops Publishing Brent NX 4:30 p.m. UK Time AssessmentsEffective May 14, 2015, Platts stopped publishing ICE Brent NX assessments because ICE has delisted the contract. ICE Brent NX assessments are published on Platts Global Alert pages 702 and 703, in the Oilgram Price Report, and in the Crude Oil Marketwire.

The prices are also published in Platts Market Data under the following codes:

AAXZL00 AAXZM00 AAXZN00 AAYAP00

ICE published a notification May 13 announcing it will delist the contract, as there is no open Interest in any of the ICE Brent NX contracts. ICE decided not to wait for the remaining Brent NX contracts to expire.

Separately, Platts announced it would cease publication of ICE Brent NX settlement prices.See the original announcement.

Platts Ends Chile Marine Diesel Oil AssessmentEffective May 1, 2015, Platts no longer publishes its daily spot assessment of marine diesel oil (MDO) delivered in Valparaiso, Chile. The discontinuation, which was proposed on September 29, reflects the shift in the Chilean market away from marine diesel oil and to the consumption of marine gasoil.

Platts will continue to publish a daily assessment of MGO delivered Valparaiso, Chile. The MDO assessment is currently published on Platts Global Alert page 870, in Platts Bunkerwire, and in the Platts price database under code AANUA00.See the original announcement.

23May 2015

Petroleum

Argus Discontinues Russian Bitumen CodesEffective May 29, 2015, Argus stopped codes for Bitumen fca and fot Ukhta in Argus Russian Fuel Oil. The daily codes have time stamps of 26 and continuous forwards of 0.

The following series will be stopped in DARM data module in /DARM folder of ftp.argusmedia.com.

PA-code Price type Description Differential basis Unit Category

PA0006842 1, 2, 8 Bitumen Ukhta fca Rub/t

- RUB/t >Asphalt>Russia

PA0006863 1, 2, 8 Bitumen Ukhta fot Rub/t

- RUB/t >Asphalt>Russia


Argus Stops Gasoil Diesel Summer Sokur Terminal AssessmentAs of May 29, 2015, Argus has stopped the following code for Gasoil diesel summer Sokur terminal, published in Argus Russian Motor Fuel. The daily code has a time stamp of 26 and a continuous forward of 0.

The following series has been stopped in DAMTR data module in / DAMTR folder of ftp.argusmedia.com:

PA-code Price type Description Differential basis

Unit Category

PA0004879 1, 2 Gasoil diesel summer Sokur terminal

- RUB/t >Products> Gasoil/Diesel/ Heating oil>Russia


24May 2015

Petroleum

Argus Renames Houston Benzene Codes in Argus DeWitt Benzene Daily On May 26, 2015, Argus renamed the following PA codes in Argus DeWitt Benzene Daily. This applies to the dbenzene data file in the DATA/DBenzene folder of ftp.argusmedia.com.

PA-code Old Description New Description

PA0011687 Benzene ddp USGC month Benzene ddp Houston/Texas City month

PA0013926 Benzene fob USGC month Benzene fob Houston/Texas City month

PA0013927Benzene ddp USGC MTD average month

Benzene ddp Houston/Texas City MTD average month

PA0013930 Benzene ddp USGC WTD VWA Benzene ddp Houston/Texas City WTD VWA

PA0013931Benzene fob USGC MTD average month

Benzene fob Houston/Texas City MTD average month

PA0013934 Benzene fob USGC WTD VWA Benzene fob Houston/Texas City WTD VWA

PA5001471 Benzene ddp USGC month 1 WTD avgBenzene ddp Houston/Texas City month 1 WTD avg

PA5001473 Benzene fob USGC month 1 WTD avgBenzene fob Houston/Texas City month 1 WTD avg


Natural Gas

May 2015

Natural Gas

25

Argus Adds New Markets to Natural Gas ForwardsEffective May 19, 2015, Argus added the following new markets to the Natural Gas Forwards data module:

MarketId Description

248 TGP - Z4 (200 line)

249 ANR - ML7

250 Consumers CG


ZEMA collects Argus natural gas data, including data from the Argus International LPG record and the Argus LNG Daily record. To learn more about ZEMA, book a free demonstration today at www.ze.com/book-a-demo.

The ZEMA graph below shows the ANR Basis Swap (with Henry Hub) with a six month moving average (published by NYMEX) for May 2015 through March 2016. Leverage ZEMAs sophisticated analytical functionalities to make more informed trading decisions about natural gas prices. To learn more, book a complimentary ZEMA demonstration.


26

Natural Gas

May 2015

NYMEX Reduces Block Trade Minimum Threshold for Select Asian LNG FuturesEffective June 1, 2015, NYMEX reduced the block trade minimum threshold for the product listed below on CME Globex, Open Outcry, and available for submission for clearing on CME ClearPort.

Code Clearing / Globex

TitleCurrent Block Trade Minimum Threshold

New Block Trade Minimum Threshold (as of 1st of June)

CME ClearPort: JKM CME Globex: JKM

LNG Japan/Korea Marker (Platts) Futures

10 contracts 5 contracts


Coal

May 2015 27

Coal

Platts Adds Chinese Yuan/mt Thermal Coal Prices Effective May 29, 2015, Platts added Chinese yuan/metric ton coal prices to existing Platts/Fenwei CCI 8 CFR South China 5,500 kcal/kg NAR and CCI 7 CFR South China 4,700 kcal/kg NAR price assessments. The new yuan/mt price for CCI 8 to be named CCI 8 Duty & VAT Included reflects the CCI 8 price denominated in Chinese yuan and includes the 17% value-added tax and the 6% import tariff.

The other new price named CCI 7 VAT Included reflects the CCI 7 price denominated in Chinese yuan and includes the 17% value-added tax.

These new prices reflect existing specifications for the CCI 8 and CCI 7 price assessments.See the original announcement.

ZEMA collects more than 600 Platts records, many of which contain coal market data. To learn more about ZEMAs vast data library, visit www.ze.com/the-zema-solutions/data-coverage.

Platts to Discontinue Two Illinois Basin Coal AssessmentsOn May 28, 2015, Platts announced a proposal to discontinue two Illinois Basin assessments listed in the Weekly Price Survey, Traditional Physical Market table, which publishes each Friday.

Due to evolving market conditions, Platts believes there is no longer sufficient physical production or an appreciable market to accurately assess the following products:

Illinois Basin 10,500 Btu/lb, 6+ lb SO2/MMBtu, FOB Rail coal; affected codes are CIDQ001, CIDQ002, CIDQ003 and CIDY001

Illinois Basin 11,500 Btu/lb, 2.5 lb SO2/MMBtu, FOB Rail coal; affected codes are CAJQ001, CAJQ002, CAJQ003 and CAJY001


28May 2015

CoalArgus Delists Coal Transportation AssessmentsOn May 12, 2015, Argus stopped numerous weekly SO2 adjusted codes in Argus Coal Transportation. For FTP subscribers, these changes apply to the dctr files in the DCTR folder of ftp.argusmedia.com. All codes are un USD/st, have a time stamp of 21, a price type of 8, and a continuous forward of 1

PA-code Description Category

PA0006884IL Basin Illinois/Indiana Mine 5.0 11500 SO2 adj del Southwest Ohio quarter

>Coal>Americas>Illinois Basin

PA0006885IL Basin Illinois/Indiana Mine 5.0 11500 SO2 adj del IL Basin quarter


PA0006888IL Basin Illinois/Indiana Mine >6.0 11000 SO2 adj del Southwest Ohio quarter


PA0006889IL Basin Illinois/Indiana Mine >6.0 11000 SO2 adj del IL Basin quarter


PA0006911Central App Rail 1.2 12500 CSX SO2 Adj del East Coast Export quarter

>Coal>Americas>Central Appalachia

PA0006912Central App Rail 1.2 12500 CSX SO2 Adj del Carolinas quarter


PA0006913Central App Rail 1.2 12500 CSX SO2 Adj del Southwest Ohio quarter


PA0006914Central App Rail 1.2 12500 CSX SO2 Adj del Florida quarter


PA0006915Central App Rail 1.2 12500 CSX SO2 Adj del New York quarter


PA0006916Central App Rail 1.2 12500 CSX SO2 Adj del US southeast quarter


PA0006917 Central App Rail 1.2 12500 CSX SO2 Adj del TVA quarter>Coal>Americas>Central Appalachia











29

Coal

May 2015


















PA0006944 PRB 0.8 8800 SO2 Adj del Ercot quarter>Coal>Americas>Powder River Basin

PA0006945 PRB 0.8 8800 SO2 Adj del St. Louis region quarter>Coal>Americas>Powder River Basin

PA0006946 PRB 0.8 8800 SO2 Adj del US southeast quarter>Coal>Americas>Powder River Basin

PA0006947 PRB 0.8 8800 SO2 Adj del Southwest Ohio quarter>Coal>Americas>Powder River Basin

PA0006948 PRB 0.8 8800 SO2 Adj del TVA quarter>Coal>Americas>Powder River Basin

PA0006949 PRB 0.8 8800 SO2 Adj del Superior Terminal quarter>Coal>Americas>Powder River Basin

PA0006950 PRB 0.8 8400 SO2 Adj del Ercot quarter>Coal>Americas>Powder River Basin

PA0006951 PRB 0.8 8400 SO2 Adj del St. Louis region quarter>Coal>Americas>Powder River Basin

PA0006952 PRB 0.8 8400 SO2 Adj del US southeast quarter>Coal>Americas>Powder River Basin

PA0006953 PRB 0.8 8400 SO2 Adj del Southwest Ohio quarter>Coal>Americas>Powder River Basin

30

Coal

May 2015


PA0006954 PRB 0.8 8400 SO2 Adj del TVA quarter>Coal>Americas>Powder River Basin

PA0006955 PRB 0.8 8400 SO2 Adj del Superior Terminal quarter>Coal>Americas>Powder River Basin

PA0006962Central App US Barge 1.67 12000 SO2 Adj del Pittsburgh quarter


PA0006963Central App US Barge 1.67 12000 SO2 Adj del Southwest Ohio quarter


PA0006964Central App US Barge 1.67 12000 SO2 Adj del St. Louis quarter


PA0006974 Pitt Seam 3.5 13000 SO2 Adj del Florida quarter>Coal>Americas> Pittsburgh Seam

PA0006975 Pitt Seam 3.5 13000 SO2 Adj del New York quarter>Coal>Americas> Pittsburgh Seam





PA0006983 Western Bituminous 0.9 11300 SO2 Adj del TVA quarter>Coal>Americas> Colorado/Utah

31

Coal

May 2015


PA0006985Colo/Utah Uinta Basin Utah 11700 SO2 Adj del TVA quarter

>Coal>Americas> Colorado/Utah

PA0009007IL Basin Illinois/Indiana Barge >6.0 11000 SO2 adj del US Gulf coast quarter


PA0009011IL Basin Illinois/Indiana Barge 5.0 11500 SO2 adj del US Gulf coast quarter


PA0010011Western Bituminous 0.9 11300 SO2 Adj del St. Louis quarter


PA0010013Colo/Utah Uinta Basin Utah 11700 SO2 Adj del St. Louis quarter


PA0010017IL Basin Illinois/Indiana Mine 5.0 11500 SO2 adj del US southeast quarter


PA0010019IL Basin Illinois/Indiana Mine >6.0 11000 SO2 adj del US southeast quarter


PA0010023IL Basin Illinois/Indiana Mine 5.0 11500 SO2 adj del Florida quarter


PA0010025IL Basin Illinois/Indiana Mine >6.0 11000 SO2 adj del Florida quarter



NYMEX Delists Certain Central Appalachian Coal Futures and OptionsEffective May 20, 2015, the New York Mercantile Exchange, Inc. (NYMEX) delisted the previously listed contract months beyond December 2016 for the Central Appalachian Coal Futures contract, as set out in the table below. This contract is listed for trading on the NYMEX trading floor, CME Globex, and for submission for clearing via CME ClearPort. There was no open interest in the subject contract months listed below:

Contract Title / Rulebook Chapter

Commodity Codes

Listing Schedule Prior to May 20, 2015 CPC, Globex and NX Pit

Listing Schedule as of May 20,2015 CPC, Globex and NX Pit

Contract Months Delisted as of May 20,2015

Central Appalachian Coal Futures / 260

CPC/NX Pit: QLMonthly contracts up to and including December 2019

Monthly contracts up to and including December 2016

January 2017 contract month and beyond

Globex: QLD

On the same day, NYMEX delisted the three option contracts that are associated with Central Appalachian Coal Futures contract, as described below. There was no open interest in these contracts:

32

Coal

May 2015

Contract NameRule Chapter

Clearing Code

Globex Code

Central Appalachian Coal Option On Quarterly Futures Strip 355 6K A6K

Central Appalachian Coal Option On Calendar Futures Strip 358 6M A6M

Central Appalachian Coal Option 933 C1 AC1

The respective product rule chapters and terms and conditions contained in the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 (Trading Qualifications and Practices) of the NYMEX Rulebook were removed from the Exchange Rulebook.See the original announcement.

The ZEMA graph below shows the historical comparison between Natural Gas Prices and Coal Prices (published by EIA) for October 2009 through April 2014. From the graph, we can glean that natural gas prices are substantially more volatile compared to the stable, almost flat price line of coal. Although coal demand has decreased over the years in certain countries, the price for coal has hovered between $2 to $3. To learn more about the ZEMA solution, book a complimentary ZEMA demonstration.


Softs and Metals

May 2015 33

SOFTS

Softs and Metals

Argus Introduces Algerian Urea Granular Bulk FOB AssessmentEffective May 21, 2015, Argus introduced the following new assessment to the Argus FMB Weekly Nitrogen report and datafeed:

PA-codeTime stamp

Price type

Continuous forward

Description Unit Category Frequency

PA0016786 0 1, 2 0Urea granular bulk fob Algeria

USD/t>Fertilizer> Urea

Weekly


CME Launches European Cocoa OptionsOn June 29, 2015, CME Group will begin trading options on its physically delivered cocoa futures contracts. These options will be listed on CME Groups European exchange, CME Europe. Cocoa options are authorized and approved by the United Kingdom (UK) Financial Conduct Authority.

These new cocoa options are the result of extensive consultation and collaboration with many of the leading participants in the international cocoa trade and industry. These contracts will be denominated in euros beginning with the September 2015 listed month. See the original announcement.

ZEMA regularly collects more than 100 data reports on softs. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data-coverage.

34May 2015

Softs and MetalsUSDA Launches Conservation Assistance Portal

for Farmers and RanchersEffective May 27, 2015, Agriculture Secretary Tom Vilsack announced that farmers, ranchers, and private forest landowners can now do business with USDAs Natural Resources Conservation Service (NRCS) through a new online portal. With the launch of Conservation Client Gateway, producers will have the ability to work with conservation planners online to access Farm Bill programs, request assistance, and track payments for their conservation activities.

Conservation Client Gateway enables farmers, ranchers and private landowners to:

Request NRCS technical and financial assistance Review and sign conservation plans and practice schedules Complete and sign an application for a conservation program Review, sign and submit contracts and appendices for conservation programs Document completed practices and request certification of completed practices Request and track payments for conservation programs Store and retrieve technical and financial files, including documents and photographs

Conservation Client Gateway is entirely voluntary, giving producers a choice between conducting business online or traveling to a USDA service center. It is available to individual landowners and will soon be extended to business entities, such as Limited Liability Corporations.See the original announcement.

EEX Offers New Agricultural Info-ProductsAs of May 28, 2015, the European Energy Exchange (EEX) began offering new info-products to its customers. After start of trading of Agricultural Index Futures on EEX on May 11, 2015, the Info-Product Agriculture comprises market data on Agricultural Indexes and financially settled Index Futures for butter, piglets, potatoes, skimmed milk powder, whey powder and hogs.

The Info-Product Agriculture can be ordered as Info-User as well as Info-Vendor product in form of End-of-Day or Delayed Data. Info-User subscribers can choose historical data (up to and including the previous year) or current data (of the current and the previous year). With their subscription, Info-Vendors get access to both historical and current data.

35May 2015

Softs and Metals

The following Agricultural Index Futures are offered for Order Book Trading and Trade Registration on EEX from the 11 May 2015 onwards:

Name Short Code ISIN WKN

European Processing Potato Future FAPP DE000A13RUL7 A13RUL

Piglet Future FAPG DE000A13RUQ6 A13RUQ

Hog Future FAHG DE000A13RUR4 A13RUR

Skimmed Milk Powder Future FASM DE000A13RUM5 A13RUM

European Whey Powder Future FAWH DE000A13RUN3 A13RUN

Butter Future FABT DE000A13RUP8 A13RUPSee the original announcement.

ZEMA collects dozens of data reports from the European Energy Exchange, spanning the electricity, natural gas, coal, and financial markets. To find out how ZEMA can add any data feed not already in its library, visit www.ze.com/the-zema-solutions/data.

CBOT Delists Dried Grain FuturesAs of May 11, 2015, the Board of Trade of the City of Chicago, Inc. (CBOT) delisted the Distillers Dried Grain (DDG) Futures contract identified in the table below. There was no open interest in this contract.

Designated Contract MarketCommodity Code

Product DCM Rulebook Chapter

CBOT DDG Distillers Dried Grains Futures 41

The respective terms, conditions, and rules related to the Contract set forth in the product chapter in CBOT Rulebook, the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 (Trading Qualifications and Practices) of the CBOT Rulebook, and the relevant delivery rules set forth in CBOT Chapter 7 (Delivery Facilities and Procedures) have been deleted from the CBOT Rulebook and from the CME Group website.See the original announcement.

EEX Completes Migration of Agricultural FuturesAs of May 8, 2015, EEX successfully completed the migration of the Agricultural Futures previously listed at Eurex Exchange to its platform.

All open positions in Agricultural Derivatives were migrated to the European Commodity Clearing (ECC) clearing house, and trading in Agricultural Futures was launched on EEX. As a result, financially settled futures on butter, piglets, potatoes, skimmed milk powder, whey powder, and hogs will supplement the product portfolio of the exchange. These Agricultural Products offer participants from the agriculture and food sector the possibility to reduce price risks and hedge costs.See the original announcement.

36May 2015

Softs and Metals

Platts to Publish DR Iron Ore Pellet PremiumAs of July 1, 2015, Platts intends to publish a monthly assessment for Direct Reduction Iron Ore Pellet Premiums (DR Pellet Premiums).

The DR pellet premium assessment would complement the existing Atlantic Basin Blast Furnace Iron Ore Pellets Estimated Monthly Contract Price and reflect premiums paid under contract volumes for DR pellet globally.

The assessment would reflect the premium paid for a high quality 67.5% Fe DR grade pellet, net of any further quality adjustments over a 65% Fe basis. The premium would be published on a dollar/dry metric ton basis. The DR pellet specification will reference 67.5% Fe, 1.5% Silica, 300 CCS, and sizing over 9 mm >94%.

The proposed assessment is planned for publication in Platts SBB Steel Markets Daily, on Platts Metals Alert, and in the Platts SBB Steel Price Analyzer.See the original announcement.

ZEMA collects more than 200 reports on various metals from around the world. This data can then be used to create advanced analyses and forward curves before being pushed to downstream systems. To learn what ZEMA can do for your business, book a free demo at www.ze.com/book-a-demo.

Platts to Launch European IODEX Iron Ore NetbackStarting July 1, 2015, Platts intends to publish an IODEX 62% Fe iron ore netback assessment CFR Europe. Platts will publish, on a daily basis, the value of iron ore reflected in their benchmark IODEX assessment CFR China, implied on a CFR Rotterdam basis.

The value would be determined by applying a simple netback calculation for Capesize Tubarao to Rotterdam sea freight added to their existing IODEX netback Brazil Capesize (IONBB00.)

The assessments would be published on a dollar/dry metric ton basis and a monthly average would also be available. IODEX netback Rotterdam would follow the publishing schedule for IODEX in Singapore, provided it is not a public holiday in the UK on the same date.See the original announcement.

METALS

37May 2015

Softs and Metals

The ZEMA graph below shows the Three-Month Forward Strip Price and its corresponding volatility for Iron Ore (published by NYMEX) for October 2011 through April 2015. The volatility of Iron Ore pricing has decreased over the years as the three-month forward strip prices have also decreased, reaching a four-year low this past April. Keep track of global metals updates using ZEMAs data collection and validation tools. To learn more, book a complimentary ZEMA demonstration.


Platts Begins Publishing New Chinese Hot-Rolled Coil Steel FOB AssessmentEffective June 1, 2015, Platts began publishing a new assessment reflecting the premium that SAE1006 or equivalent coil 2 mm thick commands over SS400 coil. The premium has been derived from Platts assessment of SAE1006 coil, normalized to the same location, quantity, cargo size, and payment terms specified for the SS400 assessment. It is published daily.

Platts will consider for assessment deals, bids, and offers for cargoes of other qualities and sizes, and loading from other Chinese ports, and normalize them to the standard specifications.

Normalization for quality, dimensions, and cargo size will be done based on current premiums and discounts applied by the market, and locational normalization will use freight differentials between ports along Chinas coast, as well as freight netbacks and forwards. Information about known tax rebates will also be considered in the assessment process.

The assessments are published in Platts Steel Price Report, Platts Steel Markets Daily, Platts Price Analyzer, Platts Metals Alert and Platts Market Data.

The assessments will follow the Chinese public holiday calendar, with the exception of Saturdays and Sundays designated as working days in lieu of certain weekday holidays, because trading activity with counterparties overseas tends to be limited.See the original announcement.

38May 2015

Softs and Metals

Platts Launches Iron Ore Phosphorus DifferentialEffective May 18, 2015, Platts has started assessing a daily phosphorus differential used in the normalization process for its iron ore fines assessments. This differential will be reflective of ores within the 60-63.5% Fe range, in line with the current per 1%-Fe differential.

The differential will be monitored and updated to reflect spot market value. This differential adjustment used in normalization will be expressed in dollars per dry metric ton for every 0.01 percentage point of phosphorus, for the range of 0.09-0.12% phosphorus.

Platts will continue to monitor penalties and premiums for phosphorus above this level and outside of the 60-63.5% Fe range and continue to publish this information on a case-by-case basis in market commentaries and news stories.

Platts will publish this value in the daily iron ore assessment table in SBB Steel Markets Daily on page 3 and on page MW1105 of PMA and will database the value, making it available in data products under the category SI.See the original announcement.

ZEMA collects multiple daily, weekly, and monthly records on iron ore from Platts. To learn more about ZEMAs massive data library, visit www.ze.com/the-zema-solutions/data.

DGCX to Introduce India Gold Quanto FuturesEffective June 5, 2015, the Dubai Gold & Commodities Exchange (DGCX) will introduce cash settled India Gold Quanto Futures Contract. The contract specifications are as follows:

Specifications Parameters

Contract Symbol DIG

Underlying India Gold

Contract Size 1

Price Quote USD 1.00 X Indian Gold Futures Price quoted in INR per 10 gms (e.g. Bid 27575 / Offer 27,576)

Tick Size USD 1.00

Tick Value USD 1.00

Wholesale Trades EFS, EFP, Block trade facilities available

39May 2015

Softs and Metals


Daily Price Movement Limit

No Limits*

Maximum Order Size 500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts

Settlement Type Cash settlement in USD

Final Cash Settlement Price Basis

The Final Cash Settlement Price basis shall be the benchmark reference Gold futures price publically available in India that corresponds to the DGCX Contract Month

Trading Months February, April, June, August, October, December

(Six contracts at any given point of time)

Trading Days Monday through to Friday

Trading Hours DGCX Trading Hours

Last Day of Trading The Last Day of Trading for Gold Quanto Futures Contracts is the second last Day of Trading of the month immediately preceding the Delivery month

New Contract Listing Business Day immediately following the Last Day of Trading


NCDEX Launches Forward Contracts in GoldOn May 28, 2015, NCDEX announced that, with the approval of the Forward Markets Commission, forward contracts in Gold are now available for trading. The duration of the forwards contracts would be a maximum of 60 days. See details below:

Symbol DescriptionDuration of Forward Contract / Settle-ment Date

Minimum Trading / Delivery Unit

Minimum Bid Quantity

Buyer Pay-in

Delivery of goods

GOK-995DEL1

GOLD KILO 995 DELHI FIXED PRICE TRANSFERRABLE P+1

CONTRACT

P+1 1 Kg 1 Kg P+1 P+1

GOK-995DEL2

GOLD KILO 995 DELHI FIXED PRICE TRANSFERRABLE P+2

CONTRACT

P+2 1 Kg 1 Kg P+2 P+2

40

Softs and Metals

May 2015

GOM-995DEL2

GOLD MINI 995 DELHI FIXED PRICE TRANSFERRABLE P+2

CONTRACT

P+2 100 gms 100 gms P+2 P+2

IGK-995DEL2

INDIA GOLD KILO 995 DELHI FIXED PRICE

TRANSFERRABLE P+2 CONTRACT

P+2 1 Kg 1 Kg P+2 P+2

IGM-995DEL2

INDIA GOLD MINI 995 DELHI FIXED PRICE

TRANSFERRABLE P+2 CONTRACT

P+2 100 gms 100 gms P+2 P+2


Platts to Discontinue 63.5/63%-fe Iron Ore AssessmentEffective March 31, 2016, Platts is proposing to discontinue publication of the daily 63.5/63%-Fe Iron Ore price assessment (IODSC00).

The market typically prices spot cargoes, which are reflected in Platts 63.5/63%-Fe assessment, utilizing the benchmark 62% Fe Iron Ore Index as a base, so that 63.5/63% Fe is no longer a discrete assessment, price or reference. As a result the assessment has become an implied value derived from Platts IODEX 62%Fe assessment.

Platts intends to continue to publish this implied value until the end of the fiscal year 2015/2016 (April-March), with the intention to make March 31, 2016, the last date this assessment is published.See the original announcement.

Platts to Stop Publishing LBMA Platinum/Palladium PricesEffective July 1, 2015, Platts intends to discontinue publishing the morning and afternoon London Bullion Market Association platinum and palladium prices. As such, the last proposed date of publication would be Tuesday, June 30, 2015.

These prices would no longer be published on Platts Metals Alert, Platts Metals Daily, the LME Close edition of Platts Metals Daily, Platts Market Center, and Market Data.See the original announcement.

Platts to Discontinue Daily Tokyo Kerb Aluminum PriceEffective July 1, 2015, Platts will discontinue publication of the daily Tokyo Kerb Prices for Aluminum Cash (MMALV00) and Tokyo Kerb Prices for Aluminum 3-Month (MMALW00).

41

Softs and Metals

May 2015

As Platts has reported, the relevance of Kerb has diminished significantly since the launch of LME Select, which provides live electronic LME trading prices 24 hours a day. Market feedback is that the Kerb prices are no longer representative and do not serve a purpose as an industry reference.

With the discontinuation of these prices, Platts will also cease to publish the daily Tokyo Kerb Aluminum Cash price in yen/kg (MMATK00), and the Tokyo Kerb 3-Month price in yen/kg, which are automated prices with the yen conversion. The final publication of these prices will be on June 30, 2015.See the original announcement.

Platts to Discontinue Some Chinese Steel AssessmentsEffective June 26, 2015, Platts will discontinue the following three China domestic steel assessments:

SB01150 HRC Q235 5.5MM China Dom Prod Guangdong Lecong Weekly SB01219 Seamless Pipe 219x6MM Grd8163 China Dom Prod Shanghai Weekly SB01113 H-Beams China Dom Prod Shanghai Monthly

The discontinuations will allow for Platts to focus its market reporting on its remaining domestic price assessments and regional export assessments in Asia.

Further, Platts has decided to continue publishing the following assessment:

SB01259 Rebar HRB400 18-25MM China Dom Prod Shanghai Weekly

The assessment will continue to be published as the Shanghai rebar market has shown distinct price trends compared with the Beijing market, for which Platts currently publishes a daily assessment. Continuity of the price series would serve analytical purposes. See the original announcement.

Platts Stops Hot-Dip Galvanized CFR East Asia AssessmentAs of June 1, 2015, Platts discontinued publication of the monthly price assessment of Hot-Dip Galvanized CFR East Asia (SB01120).

China has emerged as a major exporter for HDG to the region in recent years. Platts is seeking to refocus its market reporting on FOB China price assessments for this product.See the original announcement.

42

Softs and Metals

May 2015

Platts Ceases Merchant Bar CFR East Asia AssessmentOn June 1, 2015, Platts discontinued publication of the monthly price assessment of Merchant Bar CFR East Asia (SB01165).

As Platts has reported, wide product specifications, low liquidity and local pricing have made these pan-regional assessments difficult to maintain as a reflection of regional value.See the original announcement.

Platts Increases Frequency of Chinese Hot-Rolled Coil Steel FOB AssessmentsEffective June 1, 2015, Platts has increased the frequency of assessment for the hot-rolled coil steel FOB China price assessment (STHRZ02) to daily. The assessment was formerly published weekly on Thursdays.

The change reflects the growth in Chinas HRC exports sold on a spot basis. Chinese exports have gained in pricing importance as they influence export and domestic prices of other countries in the region.

At the same time, Platts will clarify the assessments specifications to SS400 or equivalent coil of 3 mm thickness and 1,200-1,500-mm width. The location basis specified will be FOB Tianjin, and the cargo size will be 5,000 mt. Payment terms will be L/C at sight. Cargoes for shipment between one to two months forward from the date of publication will be considered for assessment.

The assessments will follow the Chinese public holiday calendar, with the exception of Saturdays and Sundays designated as working days in lieu of certain weekday holidays, because trading activity with counterparties overseas tends to be limited.See the original announcement.

43May 2015

Finance

CBOE to List VIX Weeklys Futures and OptionsOn May 1, 2015, CBOE Holdings, Inc. (CBOE) announced that it plans to list futures and options with weekly expirations on the CBOE Volatility Index (VIX Index).

VIX Weeklys futures are expected to begin trading at CBOE Futures Exchange (CFE) in July, subject to regulatory review. VIX Weeklys options are expected to begin trading at Chicago Board Options Exchange (CBOE) shortly thereafter, also subject to regulatory approval.

The VIX Index is based on real-time prices of options on the S&P 500 Index (SPX) and is de-signed to reflect investors consensus expectations for 30-day stock market volatility. The introduction of VIX options and futures with weekly expirations to the standard monthly futures and options expirations will give investors added opportunities to establish positions based on the popular VIX Index.

CBOE and CFE may list up to six consecutive weekly expirations for VIX options and futures. See the original announcement.

ZEMA excels at displaying time-series data in charts, graphs, forward curves, and more. ZEMA also collects financial derivatives data from a wide range of sources. For more information, visit www.ze.com/the-zema-suite.

NYSE Launches Bitcoin IndexOn May 19, 2015, The New York Stock Exchange (NYSE) announced the NYSE Bitcoin Index (NYXBT), the first exchange-calculated and disseminated bitcoin index. Launching today, the NYXBT Index will represent the US dollar value of one bitcoin unit based upon actual transactions occurring on select bitcoin exchanges which have been evaluated and meet NYSEs quality standards.

NYXBT utilizes a unique methodology that relies on rules-based logic to analyze a dataset of matched transactions and verify the integrity of the data to ultimately produce an objective and fair daily value for one bitcoin in US Dollars as of 16:00 London time. The index will be published within a short period of that time via the widely-distributed NYSE Global Index Feed (GIF) as well as made publicly available for an initial period on the NYSE index page.

The NYSE Bitcoin Index will initially feature data from transactions from Coinbase Exchange, the leading US-based bitcoin exchange. See the original announcement.

Nasdaq Lists Bitcoin-Based CertificateOn May 18, 2015, Nasdaq announced that Bitcoin Tracker One (BITCOIN XBT), a tracker certificate that uses the digital currency Bitcoin as underlying asset, commenced trading at Nasdaq Stockholm. Bitcoin Tracker One is issued by XBT Provider, part of the KNC Group.

Bitcoin Tracker One will be traded in SEK with Mangold as dedicated market maker.See the original announcement.

Deutsche Brse Launches New Version of Brse Frankfurt App On April 29, 2015, a new version of the Brse Frankfurt app was introduced for Apple and Android devices, allowing registered investors to monitor the best bid and ask prices in Xetra trading of equities and ETFs in real time. Users can add up to three securities to their own watch list per day, free of charge, with real-time information.Users can place their orders more targeted in the order book on Xetra, the leading trading venue for German equities and for ETFs. Free real-time prices remain available for all securities trading on the Brse Frankfurt venue. See the original announcement.

ZEMA lets users stay up to date on a wide range of financial developments. ZEMA enables users to easily visualize data, news, and analytics in one screen, ensuring that users gain a global market snapshot. To learn more, visit www.ze.com/the-zema-suite/dashboard.

The ZEMA graph below shows a comparison of US Dollar with the Singaporean Dollar (published by the Federal Reserve) for the years of 2012, 2013, and 2014. 2014 proved to have a higher rate of comparison than the previous two years, and deviated from the trend of 2012 and 2013 of lowered comparison for the months of October-December. To learn more, book a complimentary ZEMA demonstration.

44May 2015

Finance


45May 2015

FinancePIMCO Source ETF Launched on Xetra Provides Access to Actively Managed Bond PortfolioAs of May 19, 2015, a new active ETF issued by PIMCO Fixed Income Source has been tradable on Xetra. This is a new asset class for the PIMCO Euro Short Maturity Source UCITS ETF, which was already tradable on Xetra. The only difference is that the income is not distributed but accumulated.

ETF name PIMCO Euro Enhanced Short Maturity Source ETF

Asset class active bond ETF

ISIN IE00BVZ6SP04

Total expense ratio 0.35%

Distribution policy accumulating

Benchmark EONIA

The active bond ETF PIMCO Euro Short Maturity Source UCITS ETF enables investors to participate in the performance of an actively managed diversified portfolio of fixed income securities. The securities are euro zone government bonds with varying maturities denominated in euros and issued or guaranteed by governments, their regional authorities, bodies or institutions, as well as corporate bonds, and mortgage and other asset- backed securities.See the original announcement.

Nasdaq Lists Activist Index ETF Providing Access to Top Equity Holdings of Major US Activist InvestorsOn April 29, 2015, Global X Funds listed a new ETF, the Global X GuruTM Activist Index ETF, which has begun trading on The Nasdaq Stock Market.

ACTX seeks to provide investors with access to 50 of the top equity holdings of major activist investors in the United States. By investing alongside hedge funds and institutional investors, ACTX seeks to benefit from their campaigns to unlock shareholder value, potentially generating excess returns over US equity benchmarks such as the S&P 500.See the original announcement.

ZEMA, ZEs enterprise data management solution, contains advanced display functionalities which enable users to easily align news updates from organizations such as NASDAQ OMX and OTC Markets next to market data, which gives users an enhanced market perspective. For further information, visit www.ze.com/the-zema-suite/dashboard.

46

Finance

May 2015

Nasdaq Lists ETF Offering Country-Specific Exposure to European MarketsEffective April 29, 2015, Recon Capital Partners listed a new ETF, The Recon Capital FTSE 100 ETF, which has begun trading on The Nasdaq Stock Market.

UK is designed to give US investors direct access to the well-capitalized listed companies on the London Stock Exchange. Recon Capital partnered with FTSE and the London Stock Exchange to license its flagship index. The fund will have an initial expense ratio of 45 basis points. UK provides US investors with exposure to the premier benchmarks in Europe and joins its sister product, the Recon Capital DAX Germany ETF, listed on the Nasdaq Stock Market. By utilizing UK and DAX, investors can tap into the strongest economies in Europe and the underlying blue chip companies based in Britain and in Germany.See the original announcement.

ZEMA collects multiple daily records from Nasdaq. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data.

Bloomberg Launches Bond Cross Function to Access European Bond Market LiquidityOn May 13, 2015, Bloomberg launched the Bloomberg Bond Cross function, allowing European buy-side and sell-side participants to access European bond market liquidity with State Street.

State Street1 will act as an impartial counterparty for each trade. As a result, participants minimize information leakage and retain anonymity throughout the execution process. Every participant must be a customer of and be on-boarded by State Street.

Bloomberg Bond Cross will use Bloombergs Trading System Order Execution (TSOX) staging blotter, which is currently used by more than 650 Bloomberg customers in Europe. Once orders are entered into TSOX, State Street uses the Bloomberg Bond Cross technology to find the opposite side of the trade. Participants can then work towards negotiating and executing a trade with State Street. Bloomberg Bond Cross supports trading in just over 160,000 credit fixed income securities.See the original announcement.

ZEMA collects Bloomberg financial recordsrecords which contain key data on North American equities, indexes, and currency. To learn more about ZEMAs data coverage, visit www.ze.com/the-zema-solutions/data-coverage.

DGCX to Introduce Indian Rupee Quanto FuturesEffective June 5, 2015, the Dubai Gold & Commodities Exchange (DGCX) will introduce cash settled Indian Rupee Quanto Futures Contract. The contract specifications are as follows:

47

Finance

May 2015


Contract Symbol DINRI

Underlying Indian Rupee

Contract Size 100 index points

Price Quote USD INR Quanto till fourth decimal place (e.g. Bid 63.6800 / Ask 63.6825)

Tick Size 0.0025 Index points

Tick Value 25 US cents

Wholesale Trades EFS, EFP, Block trade facilities available

Daily Price Movement Limit No price limit**

Maximum Order Size 2,500 contracts for Banks and institutions promoted by Banks. All other entities 1,000 contracts

Final Cash Settlement Price Basis

Open Positions at expiry of contract shall be settled in US Dollars as per the Final Cash Settlement Price (FCSP) declared by the Exchange.

Such FCSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date

Trading Months First 3 consecutive serial months.

Trading Days Monday through Friday

Trading Hours DGCX Trading Hours

Last Day of Trading Two Business Days prior to the last Day of Trading of the Delivery Month

New Contract Listing Business Day immediately following the Last Day of Trading

Initial Margin based on SPAN

US $140 per contract (Subject to change from time to time )

Calendar Spread Margin 100% benefit is offered on calendar spread positions

Delivery Period Margin Not applicable


48

Finance

May 2015

ABN Offers Clearing Services for EURO STOXX 50 Variance FuturesAs of May 27, 2015, ABN AMRO Clearing began offering clearing services for the EURO STOXX 50 Variance Futures available at Eurex.

This future on the EURO STOXX 50 Index variance is the on-exchange complement to OTC variance swaps replicating their payoff profile. They are designed to fit the needs of a growing number of investors who seek exposure to volatility.See the original announcement.

ZEMAs sophisticated market data management tools collect hundreds of financial data reports from around the world. To learn how you can begin building your own library of financial data, book a complimentary ZEMA demonstration at www.ze.com/book-a-demo.

LCH.Clearnet Launches Buy-Side Clearing of FX Derivatives in EuropeOn May 26, 2015, LCH.Clearnet announced that ForexClear has extended its client clearing offering to include European model account structures. End-users trading Non Deliverable Forwards (NDFs) are now able to connect to four clearing brokers offering the service, including HSBC, Socit Gnrale and Standard Chartered Bank. As a result, a greater number of firms in Europe will now be able to access the benefits of NDF clearing, including enhanced risk management and improved capital efficiencies.

Buy-side firms and banks wishing to clear NDF trades are able to choose a clearing broker and their preferred level of asset protection from a selection of account structures including Individually Segregated Accounts (ISAs) and Gross Omnibus Segregated Accounts (OSAs). This initiative enriches ForexClears existing US client clearing model with its Legally Separated Operationally Commingled (LSOC) account structure, which was launched in 2013.See the original announcement.

49

Finance

May 2015

Barchart Introduces Free Market Data APIsOn May 12, 2015, Barchart.com, Inc. announced the release of free financial market data, granting public access to their getQuote and getHistory APIs. Barchart OnDemands free service includes end-of-day US equities, futures and forex, and intra-day BATS delayed data. Users will also be able to query historical market data at no cost. Barchart OnDemand is a cloud-based service developed for accessing and delivering market data and information using web services.

The APIs are delivered in various formats, including CSV, XML, and JSON. Barchart OnDemand is also compatible with any operating system, such as Windows, Linux, iOS, or Android, and any programming language, such as Java, PHP, or ASP.NET.See the original announcement.

ZEMA collects 30 different reports from Barchart on metals, finance, petroleum, and natural gas. To find out how ZEMA can use this data to automatically create powerful forward curves, visit www.ze.com/the-zema-suite/curve-manager.

GFI Launches Electronic Trading Platform for US Odd Lot Corporate BondsOn May 1, 2015, GFI Group (GFI) announced the launch of an electronic trading platform for Odd Lot Corporate Bonds in the United States.

This service consists of an end of day odd lot matching session that provides instant executions via CreditMatch, GFIs electronic trading system for corporate bonds and derivatives. GFI anticipates extending this into a fully executable Central Limit Order Book (CLOB) during the third quarter of 2015. Trades will be electronically posted to FINRAs Trade Reporting and Compliance Engine (TRACE) and cleared by Pershing.See the original announcement.

ZEMA collects numerous records from GFI including i

datawatch may 2015

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