globalCOAL - Country & Industry Forecasting: IHS Global Insight
globalCOAL - Country & Industry Forecasting: IHS Global Insight
globalCOAL - Country & Industry Forecasting: IHS Global Insight
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Development of <strong>globalCOAL</strong><br />
“From Inevitability to Reality”<br />
• Established on April 18, 2001; live for trading from May 16, 2001<br />
• Over 36.5 MT physical coal and nearly 7 MT financial coal traded to<br />
date<br />
• 43 Market Members and growing<br />
• SCoTA accepted as standard coal contract<br />
• <strong>globalCOAL</strong> indices now well established<br />
• Acceptance of screen trading of steam coal<br />
• Early 2003 signed joint co-operation agreement with SSY, developing<br />
screen traded FFA’s<br />
• September 2003 – opened Asian office in Singapore<br />
to service growing Asian demand<br />
NEXT DEVELOPMENTS:<br />
• FOB Indonesia contract being evaluated with potential market players<br />
• CIF Japan index being considered for introduction of swaps trading<br />
• Clearing?<br />
• Entry into US market??
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