CME Group’s New York Mercantile Exchange will roll out API 6 coal swap futures. The new product will help expand risk management and trading opportunities for thermal coal in Asia-Pacific. The new swap futures will be available for trading through CME ClearPort on September 12. The futures will be based on the API 6 index, an Australian coal export benchmark published by Argus Media and IHS McCloskey.
Click here for the release from PR Newswire.