Asian neighbors in Singapore, Australia, South Korea and India also have detached energy
spot markets from their stock exchanges.
The new contracts behind the Spot Spread will expand CME Group's suite of COMEX precious metals contracts, including the global benchmark Gold and Silver futures contracts, and provide customers with exposure to the London
spot market by creating two-day futures contracts that will result in delivery of unallocated London gold or silver.
The transition for the ICE Endex Dutch Title Transfer Facility and Belgian Zeebrugge Trading Point (ZTP)
spot markets was successfully completed yesterday, April 29, 2014 and involved 50 trading members.
It has long-term sales and production agreements (SPAs) with Qatar for a total of 12 million tons per year (t/y) and in 2011 purchased a further 4 million tons of Qatari LNG on the
spot market.
They deliberately and artificially made the
spot market--the most volatile market--the primary market," explains Levin, who later adds, "I call them
spot market pagans.
My presentation is a proposal to establish an Asian
spot market for crude oil across the Malay Peninsula.
In an interview at the sidelines of the House Committee on Energy hearing on two resolutions calling for the deferment of the region's electricity market, Colmenares said he will ask the DOE about the propriety of allowing the
spot market to dictate the price of electricity when all it does is raise the cost of electricity.
