Launch of APEX Fuel Oil 380cst Futures Contract
Asia Pacific Exchange Pte. Ltd. is pleased to announce that the APEX Fuel Oil 380cst Futures Contract will be listed for trading from 11 April 2019 (9.00 PM SGT).
KGI (Singapore) Pte. Ltd. is a Pioneer Clearing Member of APEX (Singapore’s Third Derivatives Exchange), and will provide the facility for trading APEX Fuel Oil 380cst Futures.
Please refer to the link below for the contract specifications:
Why trade the APEX Fuel Oil Contract?
a) Continuous trading, price transparency
Trading hours cover Platts Singapore, Shanghai Futures Exchange and Intercontinental Exchange, effectively connecting Singapore, Shanghai, European and American markets.
b) Physical Delivery as settlement method, ensuring standardised product quality
Delivery locations include Singapore's shore tanks and floating tanks, meeting the needs of large-scale fuel oil trades, as well as frequent refuelling needs of smaller vessels. The fuel oil surveyors are carefully selected and appointed by APEX, ensuring satisfactory product quality. The physical delivery method utilizes APEX Fuel Oil Warehouse Receipt (AFOWR) to establish a standardized Warehouse System.
c) Small contract size to elicit high liquidity, meeting the dynamic market demand
The contract is denominated in 10MT and deliverable monthly, allowing all types of investors to participate. The broad customer base also ensures sufficient liquidity in the market.
To find out more about APEX Fuel Oil 380cst Futures, contact us via:
This advertisement has not been reviewed by the Monetary Authority of Singapore.
