ICE & GlobalCOAL launch joint coal futures contracts
The contracts will consist of financially settled Newcastle Australia (NEWC R) coal futures, to be launched mid-2008, and physically settled Antwerp-Rotterdam-Amsterdam (ARA) coal futures, to be launched later this year.
“Expanding further into the coal market is a natural extension of our global energy complex,” says David Peniket, president of ICE Futures Europe.
“We believe that the development of traded futures contracts will help to build liquidity and transparency in the coal marketplace
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