noaa instrument italian power nyse: ice acquires argus … · 2015-01-30 · cme group amends grain...

November 2013

NOAA Instrument Measures the Sunrsquos Energy Output

Italian Power Futures Now Traded on EEX

NYSE ICE Acquires NYSE Euronext

Argus Expands North American Sulphur Data

Data Deluge and the Dread of Latency

November 2013

2

Summary

Editorrsquos Letterhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip4

A discussion of trends in the electricity market pertaining to private and disintegrated electric utilities could fill a long research paper crammed with complex industry-specific jargon like ldquovertical integrationrdquo ldquorestructuringrdquo ldquounbundlingrdquo and ldquomarket mechanismsrdquo Comparative analysis of rates and the reliability of systems and services lsquobeforersquo and lsquoafterrsquo are certainly relevant topics but for now I will resort to discussing only a tiny part of the otherwise overwhelming gigantic topic of deregulation and disintegration in the electric power industry

Power Markets 6

Italian Power Futures Traded for the First Time on EEX First Trade Registered in Romanian Power Futures on EEX The ISO Board of Governors Approves Western Energy Imbalance Market Design ICE Futures US Lists New US Power Futures MISO Launches Results of First Multi-Period Monthly Financial Transmission Rights Auction Argus European Electricity Discontinues EFA Codes Platts Changes Methodology for M2MS Power Assessment Platts Proposes to Change European Power Day-Ahead Close Platts Transitions to Gregorian Calendar Argus European Electricity Updates Codes in ldquoEFArdquo Category

Fossil Fuel Markets 9

Argus Adds Assessments to Argus DeWitt Chinese Benzene Daily Argus Updates Argus DeWitt Chinese Benzene and Derivatives Argus Adds New NGL Americas Assessments Argus Adds New Propane Assessments to DPG and DPGUS Files Argus Adds New Natural Gas Assessments for Florida Argus Adds New Swap Singapore Assessments Argus Introduces Argus Russian MTBE Data Platts Launches Zeebrugge Day-Ahead Flow Date Codes Platts Launches Daily Caribbean-East VLCC Assessments Platts Confirms Launch of Black Sea-Mediterranean Assessment Platts Confirms Launch of Clean Baltic-UKC Assessment Platts Confirms Launch of UKC-West Africa Assessment Platts Confirms Launch of USGC FOB Naphtha Assessment Quality-Specific Natural Gas Products Launched in PEGAS Dalian Commodity Exchange Lists New Coal and Iron Ore Contracts for Trade Genscape Launches Canadian Crude Oil Production Forecast ICE Futures Europe Adds Oil and Natural Gas Futures and Options New Petroleum Futures Available on CME Globex NYMEX Permits Block Trading in New Natural Gas Futures NYMEX Permits Block Trading in New Petroleum Futures NYMEX Adds a Fourth Trade at Settlement Contract Month for Select Products EIA Releases a New Monthly Drilling Productivity Report Argus Discontinues an LNG Assessment Argus Discontinues Two Coal Assessments Changes to Argus Coal Daily Assessments NYMEX Delists Three Natural Gas Futures Contracts Argus Announces Changes to JJampA Global Methanol Report Argus Changes Gasoline Descriptions

Argus Adds Averages to DeWitt Fuels and Octane Report Platts Changes Methodology for M2MS Gas Assessment Platts Changes Methodology for PFC Natural Gas Assessment Platts Requests Comments on Singapore Gasoline Parcel Size ICE Brent Transitions to Month-Ahead Expiry Calendar NYMEX Updates Information about Ten New Natural Gas Fixed Price Futures Contracts

Agriculture Forestry and Metal Markets 17

Argus Introduces FMB North American Sulphur and Sulphuric Acid Data Platts Introduces Daily Low Alumina 58-Fe Iron Ore Assessment Platts Creates Three Weekly Price Assessments for Russian Market Steel Energy and Metals Swaps on CME SEF Dalian Commodity Exchange Lists New Soybean Corn and Egg Contracts for Trade DCE to Amend ldquoDCE Egg Futures Contractrdquo Platts Proposes to Update Japan Bulk Alloys Price Assessments NCDEX Modifies Contract Specifications for Steel Long Futures Contracts Argus Adjusts Weekly North American Fertilizer Series CME Group Amends Grain and Oilseed Calendar Spread Options LME Clear Partners with DTCC to Provide Trade Reporting Service Bursa Malaysia Derivatives and Dalian Commodity Exchange Extend Their Partnership Agreement for a Further Three Years

Environmental Markets and Weather Services 21

NOAA Launches a New Instrument to Measure the Sunrsquos Energy Output Marine Weather Forecasts Now Available from AccuWeather ICE Suspends ICE ERU Futures AccuWeather Acquires Sky Motion Research Inc

FX Interest Rates Credit and Equity Indexes 23

Deutsche Boumlrse Announces Launch of Xetra Release 140 Deutsche Boumlrse Introduces Four New ETFs Strate and Clearstream Launch a Centralized Collateral Management Service for South Africarsquos Financial Market New SPDR Equity Index Launched on Xetra CME Introduces New Offerings on Three-Month Eurodollar Futures CME Group Introduces Eurodollar Three-Year Weekly Mid-Curve Options CME Group Approves Block Trading in E-Mini NASDAQ Biotechnology Index Futures Nadex Adds EURGBP and AUDJPY Forex Pairs EBS Direct Launches Commercial Service LCHClearnetrsquos ForexClear Launches Buy-Side Clearing of FX Derivatives NYSE Euronext US Options to Begin Trading Options on TWTR CME Group Expands Listings of Contract Months for Standard and Mid-Curve Eurodollar Options Deutsche Boumlrse Purchases a Minority Stake in GMEX Group MIAX Options Exchange Enters Information Sharing Agreement with JSE of South Africa

November 2013

3

Other Matters 30

Cantor Fitzgerald and LCHClearnet Launch Europersquos First Centrally Cleared OTC CFD Barchart Launches Mobile Version of Market Data and Commodities Trading Platform Barchart Announces Strategic Alerts for Stocks Futures and Indices Markit and Bloomberg Announce Cross-Distribution Deal for EDM Services DGCX to List Plastic Futures Contract NYSE ICE to Acquire Singapore Mercantile Exchange NYSE ICE Acquires NYSE Euronext Clearstream and the Dubai Commodities Clearing Corporation Cooperate on Collateral Management MarketPrizm Provides Market Data and Order Entry Services to DGCX MCX and Dalian Commodity Exchange Sign MOU CFFEX and NASDAQ OMX Sign MOU Delays on NOS Merger and EMIR Application Process

Monthly Market Analysis 33

News from Data Vendors 36

New Data Reports for ZEMA EPEX SPOT Power Trading Results in October 2013 Monthly Volumes Hit 30 TWh EPEX SPOT Publishes Q amp A on Negative Prices PEGAS Strong Increase of Spot and Futures Volumes in October EPEX SPOT and Swissgrid Prepare for Market Coupling on Swiss Borders Argus Launches Turkish Language Energy Market Report OTC Global Holdings Launches Electricity Forward Curves

InDepthhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip42

In recent years data has taken the business world by storm The amount of information captured by enterprises along with a growth in technology has fuelled a global data explosion and its effects on industry have been substantial The strain of burgeoning data is felt quite profoundly in the energy and commodities markets where analyzing and interpreting data has long been of high importance Reducing data latency or the amount of time it takes for data to be stored or retrieved and the amount of time between data being entered in a system and a user viewing this data is of key importance for energy and commodities market participants attempting to keep up with their competitors

November 2013

4 Back to Summary

Editorrsquos Letter

Private and Disintegrated Electric Utilities are Facing a Reversal in Trend

This topic could fill a long research paper crammed with complex industry-specific jargon like ldquovertical integrationrdquo ldquorestructuringrdquo ldquounbundlingrdquo and ldquomarket mechanismsrdquo Comparative analysis of rates and the reliability of systems and services ldquobeforerdquo and ldquoafterrdquo are certainly relevant topics but for now I will resort to discussing only a tiny part of the otherwise overwhelming gigantic topic of deregulation and disintegration in the electric power industry This is a movement to reverse the disintegration and privatization of electric utilities Liberalization of the North American electricity markets started in the 90s following the liberalization of the natural gas industry A very simplified description of deregulation can be summed up as follows the separation of the power generation side of the electricity business from transmission and distribution functions and the subsequent creation of a competitive wholesale market for power generation This movement still continues many markets see new private businesses taking away bits and pieces of old monopolistic structures A recent example is the dissolution of the Long Island Power Authority (LIPA) a New York municipal electric provider on July 29 2013 The LIPA was severely criticized for its poorly managed response to its damaged grid following hurricane Sandy wheels were set in motion and in 2014 LIPA will lose operational control to a publicly traded public service enterprise group Despite its ups and downs the North American deregulation process brought in new market participants many investment opportunities and perksmdashparticularly perks for those who stepped onto the trading floors at the dawn of deregulation A premise key to the rationale of many supporters of open markets is that the disintegration of monopolistic entities in the energy industry leads to a reduction in the cost of service thus lowering the cost of electricity for all consumers and improving market efficiency overall Other economic benefits are business synergies new industries and new jobs However there are always two sides to the story the same goes for this one Opponents of deregulation have been maintaining a stronghold throughout all these years Their barricades have been reinforced with bricks from the Western electricity crisis of 2000-2001 and the 2003 Northeast blackout Interestingly we have recently entered a reversal trend with previously deregulated and disintegrated entities being rolled back into centralized structures Montana State for example is facing a dilemma as it attempts to reverse deregulation efforts NorthWestern Energy Corp (NWE) is attempting to re-purchase hydroelectric generation assets that were once sold to PPL Montana 11 power plants with 633 MWs of generation capacity worth $900 million will soon return back to NWE their original owner to complete a generation portfolio sufficient to serve Montanarsquos energy demands during low load hours (LLH) As NWE has been using third party purchase agreements and spot markets to meet Montanarsquos LLH energy demands the return of more reliable hydro power resulting from NWErsquos purchase of PPL Montanarsquos hydroelectric generation assets is expected to lower electricity costs for ratepayers If approved by FERC Montanarsquos almost 15-year deregulation experiment will cease and the state will once more be reliant upon NWE a vertically integrated utility Montana is not the only place in North America where the public hopes the electricity business will revert to being controlled by vertically integrated utilities Not so long ago the Canadian province British Columbia unbundled services from the Crown corporation that was previously meeting the bulk of the provincersquos demand for energy BC Hydro followed up on the Liberal governmentrsquos call to separate the provinces power distribution and generation from transmission services The British Columbia Transmission Corporation (BCTC) was formed in 2003 and dissolved in 2010 with its assets and control being returned back to BC Hydro The trip down the liberalization path was shorter for British Columbia than it was for Montana but it had the same end a return to vertical integration of services There is another movement that poses a threat to private entities in the electric sector The public is creating a movement to return power to the people through municipal control of electric services Many proponents of municipalization of electric services list as benefits of this option the ldquolean and meanrdquo baseline of many municipalitiesrsquo business models exemption from federal income taxes tax-exempt financing and lower salaries paid to the executive layer of management--all of which effectively reduce ratepayersrsquo bills The most noticeable instance of the municipalization of electric utilities is in Colorado The citizens of Boulder city intend to replace Xcel Energy a privately-run utility with a municipal utility In this case Boulder city has made this decision not only because of their cost-saving agenda but mainly because of their concern for the environment If successful concerned Boulder residents will get what they have been struggling for the ability to obtain more than 50 of electricity from renewable generation and to reduce GHG emissions by 50 Supporters of ldquothe revolutionrdquo expect to do this while simultaneously reducing rates (in comparison to what they now pay to a privately-run entity) and maintaining or even improving the current level of reliability Ambitious It certainly is to say

November 2013

5 Back to Summary

Editor Olga Gorstenko Phone 778-296-4183 Email olgazecom

Advertising amp Vendor Relationships Bruce Colquhoun Phone 604-790-3299 Email bruceczecom

ZEMA Suite Inquiries Bruce Colquhoun Phone 604-790-3299 Email bruceczecom

Have an idea for an article or would like to contribute to an upcoming issue

Write to us at datawatchzecom To access previous issues of ZE DataWatch go to datawatchzecom

Editorrsquos Letter

the least Regardless of Xcelrsquos aggressive campaigning on November 5 2013 Boulder voters overwhelmingly supported a ballot to create a municipal electric utility At this time Boulder is engaged in regulatory fighting with the Colorado Public Utilities Commission over its decision on obtaining the utilityrsquos assets Two cities in New Mexico Santa Fe and Minneapolis are also on the path to creating municipal utilities These two cities being nowhere near Boulder in their progress towards achieving municipal status are striving to get electric assets back to the public domain Amidst many arguments coming from different directions whether liked or not de-privatization and disintegration are a part of the complex and intertwined fabric in the electric industry which began to be woven about 20 years ago

Olga Gorstenko

November 2013

6 Back to Summary

Power Markets

Italian Power Futures Traded for the First Time on EEX

On October 28 2013 Italian power futures were traded for the first time on the European Energy Exchange (EEX) Gunvor International BV and A2A Trading Srl traded 7200 megawatt hours at a price of 6225 EUR per MWh for delivery in November 2013 Spectron Energy Services Ltd brokered the trade Italian power futures have been grouped into monthly quarterly and annual settlements that will be cleared by European Commodity Clearing (ECC) The graph below shows the settlement prices for 2014 first quarter French power futures on the EEX This graph was created in ZEMA with EEX French power futures data

Data Source EEX| Graph created in ZEMA

See the original announcement

First Trade Registered in Romanian Power Futures on EEX

On November 11 2013 the first trade of Romanian power futures was registered on the European Energy Exchange (EEX) The trade was cleared by European Commodity Clearing (ECC) The 10 MW December 13 trade was priced at EUR 3750 per MWh and the volume amounted to 7440 MWh Italian power futures were launched for the first time on the EEX in October The cleared volume in this product now stands at 36595 MWh See the original announcement

The ISO Board of Governors Approves Western Energy Imbalance Market Design

On November 7 2013 the ISO Board of Governors approved the design structure for a California Independent System Operator Corporationrsquos energy imbalance market (EIM) The goal of the EIM is to allow western grid operators to participate in a real-time energy market that enhances grid reliability and responsiveness The market is expected to go live on October 1 2014 The ISO has worked with their first EIM partner PacifiCorp to prepare the market PacifiCorp controls two balancing authorities covering portions of six states including California Washington Oregon Utah Wyoming and Idaho The EIM will enable PacifiCorp and ISO customers to benefit from frequent dispatching of EIM participating resources which is based upon economic bids See the original announcement

ICE Futures US Lists New US Power Futures

Effective on trade date November 18 2013 ICE Futures US will list new US power futures contracts for ERCOT PJM and NYISO See these futures contracts below ICE Futures US has postponed listing EIA Financial Weekly Index futures contracts at this time as revisions to the Weekly Underground Natural Gas Storage Inventory Report by the Energy Information Administration (EIA) will affect these futures contracts

New US Power Futures

ERCOT Daily Load Future

PJM Daily Load Future

NYISO Zone A Day-Ahead Peak Mini Fixed Price Future

NYISO Zone A Day-Ahead Off-Peak Mini Fixed Price Future

NYISO Zone G Day-Ahead Peak Mini Fixed Price Future

NYISO Zone G Day-Ahead Off-Peak Mini Fixed Price Future

NYISO Zone J Day-Ahead Peak Mini Fixed Price Future

NYISO Zone J Day-Ahead Off-Peak Mini Fixed Price Future

NYISO Zone C Day-Ahead LBMP Off-Peak Daily Fixed Price Future

NYISO Zone F Day-Ahead LBMP Peak Daily Fixed Price Future

NYISO Zone F Day-Ahead LBMP Off-Peak Daily Fixed Price Future


November 2013

7 Back to Summary

Power Markets

MISO Launches Results of First Multi-Period Monthly Financial Transmission Rights Auction

The Midcontinent Independent System Operator (MISO) issued the results of its first multi-period monthly auction for financial transmission rights (FTRs) The traded contracts were FTRs for the months of November and December 2013 and January and February 2014 The publication signifies a substantial increase in both the scope and functionality of the monthly financial transmission rights market See a comprehensive overview of the results here

Argus Discontinues Spanish Polish and Czech Balance of Year Assessments

Effective November 15 2013 Argus will discontinue Spanish Polish and Czech balance of year assessments All associated assessment codes will be removed from the DAEE folder of server ftpargusmediacom View affected assessments here

Argus European Electricity Discontinues EFA Codes

Effective October 31 2013 Argus European Electricity will stop series with ldquoEFArdquo codes in their descriptions This change is a result of the UK electricity trading market shifting from using Electricity Forward Agreement (EFA) timing to Gregorian calendar timing Codes with the following descriptions will be affected

UK OTC base load EFA year

UK OTC Base load EFA quarter

UK OTC base load EFA season

UK OTC off-peak EFA season

UK OTC peak load EFA season

UK OTC peak load EFA quarter

UK OTC Load shape 44 season

EFA Load shape 44 year

Click here for more details

Platts Changes Methodology for PFC Electricity Assessment

On November 15 2013 Platts announced that it will make changes to its assessment calculation methodology for Platts-ICE Forward Curve Electricity these changes will become effective on January 2 2014 Platts is making these adjustments because forward power markets have matured and become significantly more transparent since PFC power was launched in 2001 While the methodology will change subscribers will continue to receive the same products in the same format as they do nowmdashthat is via Platts Market Data For detailed information about this methodology update see the original announcement

Platts Changes Methodology for M2MS Power Assessment

On November 15 2013 Platts announced that it will make changes to its assessment calculation methodology for M2MS Power North America (M2MS Power) that will become effective on January 2 2014 While the methodology will change subscribers will continue to receive the same product in the same format as they do now For detailed information about this methodology update see the original announcement

Platts Proposes to Change European Power Day-Ahead Close

Effective January 2 2014 Platts proposes to close all European and UK electricity day-ahead assessments including day-ahead plus assessments (day-ahead +1 +2 +3 +4) at 11 AM London time The current timestamp closes at midday London time This change in timestamp is proposed to better align Plattsrsquo electricity day-ahead assessments with existing trading practices and upcoming market coupling arrangements See the original announcement

November 2013

8 Back to Summary

Power Markets

Platts Transitions to Gregorian Calendar

Effective November 1 2013 Platts revised its methodology for UK power assessments as a result of the UK power marketrsquos transition from using EFA contracts to Gregorian calendar contracts Platts has also launched assessments of several EFA-Gregorian gap products effective November 1 2013 See a list of affected assessments here

Argus European Electricity Updates Codes in ldquoEFArdquo Category

From November 1 2013 onwards Argus European Electricity will implement various code changes These codes changes are a response to the transition in UK electricity trading from using Electricity Forward Agreement (EFA) contracts to using the Gregorian calendar contracts employed in other European electricity markets In August 2013 many codes were renamed to include ldquoEFArdquo in their descriptions Two more codes have been added to this renamed ldquoEFArdquo category

PA-Code Old Description New Description

PA0000273 UK OTC base load year


PA0000305 UK OTC peak load year

UK OTC peak load EFA year

Several new codes are being phased in from November 1 2013 As well existing ldquoEFArdquo contract data codes will stop See the original announcement

Amerex Brokers LLC Applies for Gas Marketer and Electricity Retailer Licenses

On November 15 2013 the Ontario Energy Board announced that Amerex Brokers LLC has applied for a gas marketer license and an electricity retailer license A gas marketer license will enable Amerex Brokers LLC to act as an agent or broker for a gas marketer andor low-volume consumer with respect to the sale or offering for sale of natural gas in Ontario An electricity retailer license will enable Amerex Brokers LLC to act as an agent or broker for a retailer andor consumer with respect to the sale or offering for sale of electricity in Ontario The granting of these licenses will be determined by an employee of the Board See the original announcement

FERC Authorizes Information Sharing by Gas Pipelines and Electric Utilities

On November 15 2013 the US governmentrsquos Federal Energy Regulatory Commission (FERC) issued a final rule allowing interstate natural gas pipelines and electric transmission operators to share non-public operational information to promote the reliability and integrity of their systems This rule authorizes interstate natural gas pipeline and electric transmission operators to voluntarily share non-public operational information To protect against undue discrimination and to ensure that shared information remains confidential the rule also adopts a No-Conduit Rule that prohibits recipients of the information from disclosing it to an affiliate or third party However this No-Conduit Rule does not affect current communications among interstate and intrastate natural gas pipelines See the original announcement

November 2013

9 Back to Summary

Fossil Fuel Markets

Argus Adds Assessments to Argus DeWitt Chinese Benzene Daily

Effective November 4 2013 Argus will add several series entitled Benzene cfr China (PA-code PA0013149) to the Argus DeWitt Benzene Daily publication and the dbenzene data file located in the DATADbenzene folder of server ftpargusmediacom Argus will also add several month averages (code PA5001401) from November 30 2013 Click here to view the affected series

Argus Updates Argus DeWitt Chinese Benzene and Derivatives

Effective November 8 2013 Argus will add several series entitled Benzene weekly cfr China (PA-code PA0013150) to the Argus DeWitt Benzene and Derivatives publication and the dbenzene data file located in the DATADbenzene folder of server ftpargusmediacom Click here to view the affected series

Argus Adds New NGL Americas Assessments

As of November 11 2013 Argus introduced new propane assessments to its DNGL files The new assessments are as follows

PA-Code Description

PA0013161 Propane US to Japan (AUSJ) export month


PA0013162 Propane US to Europe (AUSE) export month



Argus Adds New Propane Assessments to DPG and DPGUS Files

Effective November 11 2013 Argus will add four new propane assessments to the DPG and DPGUS files in the DLPG folder of server ftpargusmediacom

PA-Code Time Stamp

Price Type Description

PA0013161 2 1 Propane US to Japan (AUSJ) export month


PA0013162 2 1 Propane US to Europe (AUSE) export month



Argus Adds New Natural Gas Assessments for Florida

Effective December 2 2013 Argus will launch several new monthly natural gas assessments in the Argus Natural Gas Americas report and data feed These assessments will be made available in the dnga data file in the DATADNGA folder of server ftpargusmediacom

PA-Code Time Stamp


PA0013157 2 1 Natural gas hub Florida Gas zone 2 bid week


PA0013158 2 4 Natural gas hub Florida Gas zone 2 Index bid week

PA0013159 2 8 Natural gas hub Florida Gas zone 2 no of trades bid week

PA0013160 2 29 Natural gas hub Florida Gas zone 2 traded volume bid week


November 2013

10 Back to Summary

Fossil Fuel Markets

Argus Adds New Swap Singapore Assessments

Effective November 4 2013 Argus has added Fuel oil HS 380 cst swap Singapore month assessments (code PA0006810) for three months forward Several data codes will be added to files in the DAPPR folder of server ftpargusmediacom Click here to view a full list of new assessments

Argus Introduces Argus Russian MTBE Data

Effective November 25 2013 Argus will introduce weekly Argus МТБЭ и высокооктановые компоненты (Argus Russian MTBE) data New series will be available in the DMTBER folder (DMTBER data module) of server ftpargusmediacom every Monday at 6 EST

PA-Code Time Stamp


PA0013178 0 1 MTBE fca Kombinatskaya


PA0013179 0 1 MTBE fca Volzhsky


PA0013180 0 1 MTBE fca Kosyakovka


PA0013181 0 1 TAME fca Novokujbyshevskaya


PA0013182 0 1 MMA fca Volzhsky



Platts Launches Zeebrugge Day-Ahead Flow Date Codes

On November 4 2013 Platts launched Zeebrugge Day-Ahead Flow Date codes the price is assessed in pencetherm and converted to Euro per MWh with currency rates taken from the previous close The sequence combines existing trade date prices for Zeebrugge Day-Ahead weekends and holidays into a single sequence covering 365 days a year under one code See the original announcement

Platts Launches Daily Caribbean-East VLCC Assessments

On November 4 2013 Platts launched daily assessments for three large crude carrier routes loading out of the Caribbean These new assessments reflect 270000 crude oil cargoes on routes from the Caribbean to Singapore China and the west coast of India The assessments will reflect VLCCs carrying Colombian Castilla Blend Venezuelan Merey 16 Mexicorsquos Maya Brazilrsquos Marlim and Roncador grades to Singapore China and the west coast of India Plattsrsquo new assessments reflect the increase in crude tanker activity on these routes See the original announcement

Platts Confirms Launch of Black Sea-Mediterranean Assessment

On November 4 2013 Platts confirmed that it will launch daily assessments for a Black-Sea Mediterranean route reflecting 140000 mt crude cargoes The introduction of this assessment reflects the frequency of larger cargo sizes on this route See the original announcement

November 2013

11 Back to Summary

Fossil Fuel Markets

Platts Confirms Launch of Clean Baltic-UKC Assessment

On November 4 2013 Platts confirmed that it will launch daily assessments for a Baltic-UKC route reflecting 30000 mt clean refined product cargoes The introduction of this assessment reflects the increased frequency of clean products transported of this size from the Baltic region and along this route See the original announcement

Platts Confirms Launch of UKC-West Africa Assessment

On November 4 2013 Platts confirmed that it will launch new daily assessments for a UK Continent-West Africa route reflecting 60000 mt clean refined product cargoes The introduction of this assessment reflects the increased frequency of clean products transported of this cargo size and along this route over the past several years See the original announcement

Platts Confirms Launch of USGC FOB Naphtha Assessment

On January 2 2014 Platts will introduce a new FOB naphtha assessment for cargoes loading at US Gulf Coast terminals on an FOB basis The assessment will be published as an outright price in both US dollars per metric ton and cents per gallon to allow for efficient comparison between US pipeline and export markets The assessment will reflect the value of a 250000 barrel (plus or minus 5) cargo loading 7-21 days forward from the date of publication For further information about this assessment see the original announcement

Quality-Specific Natural Gas Products Launched in PEGAS

Effective October 1 2013 PEGAS launched the trade of quality-specific natural gas products on the natural gas spot market of EEX including high-calorific (H-gas) and low-calorific natural gas (L-gas) for both GASPOOL and NetConnect Germany (NCG)

A volume of 1728 MWh was traded in the new products Of that 1704 MWh L-gas has been traded for delivery in the GASPOOL market area of Germany and 24 MWh L-gas for delivery in the NetConnect Germany market area There are 33 registered participants who can conduct trading in quality-specific products See the original announcement

Dalian Commodity Exchange Lists New Coal and Iron Ore Contracts for Trade

On November 15 2013 the Dalian Commodity Exchange listed several new contracts for trade a coke 1411 contract a coking coal 1411 contract an LLDPE 1411 contract a PVC 1411 contract and an iron ore 1411 contract The benchmark listing prices of the contracts are as follows

Contract Benchmark Listing Price

J1411 Contract RMB 1635ton

JM1411 Contract RMB 1165ton

L1411 Contract RMB 10670ton

V1411 Contract RMB 6450ton

I1411 Contract RMB 945ton


Genscape Launches Canadian Crude Oil Production Forecast

On November 12 2013 Genscape launched a Canadian Crude Oil Production forecast The three-year forecast will help analysts understand the impact of increasing production in the Canadian oil sands and other conventional or unconventional production areas enabling them to perform internal analysis and improve the accuracy of their productions

See original announcement

November 2013

12 Back to Summary

Fossil Fuel Markets

ICE Futures Europe introduced 27 additional futures and options contracts Contracts are apportioned into twenty oil futures four oil options and three natural gas liquid futures These new futures and options contracts will be listed on the ICE trading platform and cleared by ICE Clear Europe Trading will commence on Monday November 18 2013 New futures and options contracts include

Physical Code Contract Name

ABF Butane Argus Far East Index Future

ABR Butane Argus CIF ARA Future

ABS Butane Argus Saudi CP Future

ARH Argus LLS Average Price Option

DPX-DRB Dubai 1st

Line (Platts) Balmo Mini Future

CAT Fuel Oil 1 FOB New Cargoes (Platts) Mini Future

DFJ Diesel 10ppm FOB Rotterdam Barges (Platts) vs Gasoil 1

st Line

Mini Future

NJM Naphtha C+F Japan (Platts) Mini Future

NPV-NQZ Naphtha C+F Japan (Platts) Balmo Mini Future

SMV Singapore Mogas 92 Unleaded (Platts) Mini Future

SMH Singapore Mogas 95 Unleaded (Platts) Mini Future

SMY Singapore Mogas 97 Unleaded (Platts) Mini Future

ZKU-ZLY Singapore Mogas 92 Unleaded (Platts) Balmo Future

ZLZ-ZND Singapore Mogas 95 Unleaded (Platts) Balmo Future

ZNE-ZOI Singapore Mogas 97 Unleaded (Platts) Balmo Future

NSM Singapore Naphtha (Platts) Mini Future

SOY Soybean Oil Penultimate Day 1

st Line Future


New Petroleum Futures Available on CME Globex

Effective on trade date Monday November 18 2013 the New York Mercantile Exchange (NYMEX) will introduce three new petroleum futures contracts for trading on CME Globex the NYMEX trading floor Contracts will be submitted for clearing through CME ClearPort The futures will be financially settled New futures contracts include

Contract Commodity Code

Chapter

Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures

MEB 1239

Mini RBOB Gasoline vs Gasoline Euro-bob Oxy NWE Barges (Argus) Balmo Futures

MXR 1242

Mini RBOB Gasoline vs Gasoline Euro-bob Oxy NWE Barges (Argus) Futures

MXB 1243


ICE Futures Europe Adds Oil and Natural Gas Futures and Options

November 2013

13 Back to Summary

Fossil Fuel Markets

NYMEX Permits Block Trading in New Natural Gas Futures

On trade date Monday November 11 2013 NYMEX permitted block trading on ten new financially settled natural gas fixed price futures contracts at a minimum trading block of 25 contracts

Product Title

Kern River Natural Gas (Platts IFERC) Fixed Price futures

Center Point Natural Gas (Platts IFERC) Fixed Price futures

Malin Natural Gas (Platts IFERC) Fixed Price futures

Columbia Gulf Mainline Natural Gas (Platts IFERC) Fixed Price futures

NGPL STX Natural Gas (Platts IFERC) Fixed Price futures

Demarc Natural Gas (Platts IFERC) Fixed Price futures

Sumas Natural Gas (Platts IFERC) Fixed Price futures

Ventura Natural Gas (Platts IFERC) Fixed Price futures

ANR Louisiana Natural Gas (Platts IFERC) Fixed Price futures

ANR Oklahoma Natural Gas (Platts IFERC) Fixed Price futures

The graph below shows a forward curve of Centerpoint natural gas futures contracts on NYMEX as well the change in prices from month to month This graph was created in ZEMA from NYMEX Future Settlements data Forecast date November 15 2013

Data Source NYMEX| Graph created in ZEMA


NYMEX Permits Block Trading in New Petroleum Futures

On trade date Monday November 18 2013 NYMEX permitted block trading on three new petroleum futures contracts at a minimum trading block of 5 contracts

Product Title

Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO futures

Mini RBOB Gasoline vs Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO futures

Mini RBOB Gasoline vs Gasoline Euro-bob Oxy NWE Barges (Argus) futures


NYMEX Adds a Fourth Trade at Settlement Contract Month for Select Products

Effective for trade date Monday November 18 2013 NYMEX will add a fourth trade at settlement (TAS) contract month for the products listed below These products are available on CME Globex and Open Outcry and are available for submission for clearing on CME ClearPort

Code ClearingGlobex

Title Current Listing

Schedule

New Listing Schedule (as of 111813)

CLTCLT Crude Oil 1st 2nd 3rd and 7th months

1st 2nd 3rd and 4th months

NGTNGT Natural Gas 1st 2nd and 3rd months


HOTHOT NY Harbor ULSD Futures

1st 2nd and 3rd months


RBTRBT RBOB Gasoline Futures




November 2013

14 Back to Summary

Fossil Fuel Markets

EIA Releases a New Monthly Drilling Productivity Report

On October 22 2013 the US Energy Information Administration (EIA) released the initial edition of a new monthly Drilling Productivity Report (DPR) to provide region-specific insights into oil and natural gas drilling rig efficiency new well productivity existing well decline rates and overall oil and natural gas production trends The DPR will cover six regions in the US from 2011-2012 these six regions accounted for 90 of domestic oil production growth and virtually all US domestic natural gas production growth See the original announcement

Argus Discontinues an LNG Assessment

Effective October 31 2013 Argus will stop the LNG assessment below This assessment is located in the DLNG folder of server ftpargusmediacom

PA-Code Time Stamp


PA5000584 21 4 Ctr Appalachia Broker Index NYMEX Spc monthly avg


Argus Discontinues Two Coal Assessments

Effective October 31 2013 Argus will stop two coal assessments Central Appalachia Broker Index NYMEX Spec month (PA-code PA0002617) and Central Appalachia Broker Index NYMEX Spec quarter (PA-code PA0002618) These assessments are located in the DCOAL folder of server ftpargusmediacom See the original announcement

Changes to Argus Coal Daily Assessments

Effective October 31 2013 Argus will stop several coal assessments (PA codes PA0002617 PA0002618 PA0002619 PA0002620 PA0002621 PA0002622 PA0002623 and PA0002624) located in the DCDR folder of server ftpargusmediacom

PA-Code Time Stamp


PA0002617 21 4 Central Appalachia Broker Index NYMEX Spec month

PA0002618 21 4 Central Appalachia Broker Index NYMEX Spec quarter

PA0002619 21 4 CSX Broker Index lt1 SO2 12500 month

PA0002620 21 4 CSX Broker Index lt1 SO2 12500 quarter

PA0002621 21 4 Broker Index Powder River Basin 08 8400 month

PA0002622 21 4 Broker Index Powder River Basin 08 8400 quarter

PA0002623 21 4 Broker index Powder River Basin 08 8800 month



November 2013

15 Back to Summary

Fossil Fuel Markets

NYMEX Delists Three Natural Gas Futures Contracts

On November 18 2013 NYMEX delisted three natural gas futures contracts As a result of this delisting information regarding these contracts has been deleted from the product rule chapters listed below

Product Name Clearing Code

Rule Chapter

Questar Natural Gas (Platts Gas DailyPlatts IFERC) Index Futures

N8 458

Questar Natural Gas (Platts Gas Daily) Swing Futures

C6 749

Questar Natural Gas (Platts IFERC) Basis Futures

TA 769


Argus Announces Changes to JJampA Global Methanol Report

Effective November 30 2013 Argus will add new month averages to the JJampA Global Methanol Report This applies to data in the dmethanol files in the DATADMethanol folder of server ftpargusmediacom Affected contracts have the following descriptions

Methanol ex-works east China domestic Yuant monthly avg

Methanol ex-works east China domestic $t monthly avg

Methanol barge US Gulf coast monthly avg

Methanol cfr South Korea monthly avg

Methanol cfr Taiwan monthly avg

Methanol cfr southeast Asia monthly avg

Methanol cfr India west coast monthly avg

Methanol cfr east China monthly avg

Methanol fob US contract month monthly avg

Methanol fob US Gulf coast truckrailcar monthly avg

Methanol fob US northeast coast truckrailcar monthly avg

Methanol fob US southeast truckrailcar monthly avg

Methanol fob US midcontinent truckrailcar monthly avg

Methanol ex-works south China domestic Yuant monthly avg

Methanol ex-works south China domestic USDt monthly avg


Argus Changes Gasoline Descriptions

Effective November 15 2013 Argus will change descriptions for the following series in Argus US Products These codes appear in the dphs and dhp data files of the DUSPR folder on ftpargusmediacom

PA-Code Current Descriptions

New Description

PA0008487 Gasoline 84 AZNV KinderMorgan H Month

Gasoline 84 suboctane LA month

PA0002348 Gasoline 84 conv Portland month

Gasoline 84 suboctane Portland month


Argus Adds Averages to DeWitt Fuels and Octane Report

Effective November 30 2013 Argus will add the following new month averages to the Argus DeWitt Fuels and Octane report These averages apply to data in the doctane files in the DOctane folder of server ftpargusmediacom

PA-Code Time Stamp

Price Type

Description

PA5001417 0 1 MTBE fob USGC monthly avg


PA5001418 0 1 MTBE fob Rotterdam monthly avg


PA5001419 0 1 MTBE fob Singapore monthly avg





November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets

Platts Changes Methodology for M2MS Gas Assessment

On November 15 2013 Platts announced that it will make changes to its assessment calculation methodology for M2MS Natural Gas North America (M2MS Gas) that will become effective on January 2 2014 Under this new methodology PFC Gas will no longer be an input for M2MS Gas forward curves Rather M2MS Gas curves will be produced by the Platts quantitative team using ICE data While the methodology will change subscribers will continue to receive the same product in the same format as they do now See the original announcement

Platts Changes Methodology for PFC Natural Gas Assessment

On November 15 2013 Platts announced that it will make changes to its assessment calculation methodology for Platts-ICE Forward Curve Natural Gas (PFC Gas) that will become effective on January 2 2014 Under this new methodology Platts editors will no longer produce editorial assessments using ICE data instead PFC Gas will be derived by the Platts quantitative team Platts is making these changes because forward gas markets have matured and become significantly more transparent since PFC gas was launched in 2003 While the methodology will change subscribers will continue to receive the same products in the same format as they do nowmdashthat is via Platts Market Data See the original announcement

Platts Requests Comments on Singapore Gasoline Parcel Size

Between October 31 and November 29 2013 Platts invites submissions from parties interested in helping review Plattsrsquo assessments of FOB Singapore gasoline 92 RON unleaded 95 RON unleaded and 97 RON unleaded Platts is considering increasing the typical size of parcels from 50000 barrels to

100000 barrels but Platts welcomes suggestions for alternative parcel sizes Platts occasionally reviews the specifications of all assessments to ensure that they are representative of the most tradable grades or sizes Review processes may result in changes to the existing specifications of an assessment View Plattsrsquo current specifications for Singapore gasoline assessments here

ICE Brent Transitions to Month-Ahead Expiry Calendar

ICE Brent announced on November 5 2013 that it will change its expiry dates for ICE Brent futures options and related derivative contracts to a month-ahead expiry calendar for contract months from March 2016 onwards ICE Brent futures options and derivative contracts in the affected months will be considered by the exchange to be on the existing expiry calendar basis until and including settlement of the expiry calendar implementation date contracts in the affected months will be cash-adjusted accordingly

The expiry calendar for contract months up to and including February 2016 will remain unchanged See the original announcement

NYMEX Updates Information about Ten New Natural Gas Fixed Price Futures Contracts

Following NYMEXrsquos launch of ten new natural gas fixed price futures contracts on trade date November 11 2013 updates have been made to the corresponding all monthsingle month accountability levels (NYMEX Rule 560) initial spot month position limits (NYMEX Rule 559) reportable levels (NYMEX Rule 561) and spot month aggregation allocations for these new contracts Additional administrative amendments were made to the aggregation allocations of 19 existing natural gas futures contracts that were affected by the launch of the new contracts See the original announcement for a list of updates

November 2013

17 Back to Summary

Agriculture Forestry and Metal Markets

Argus Introduces FMB North American Sulphur and Sulphuric Acid Data

Effective November 14 2013 Argus introduced FMB North American Sulphur and Sulphuric Acid data to the DSNA data module Several of these series previously ran in the DFNA data module and were moved over to this new data file as of the same date The data will be published every Thursday at 2300 EST New series will have the following descriptions Sulphur dry bulk fob Vancouver Sulphur molten cfr Tampa quarter Sulphur dry bulk fob US Gulf quarter Sulphur dry bulk fob US West coast Sulphur molten bulk fob USGC quarter Sulphur molten bulk fob US Midwest quarter Sulphur molten del lower Atlantic quarter Sulphuric acid cfr US import Sulphuric acid del low Atlantic quarter Sulphuric acid del New Orleans quarter Sulphuric acid del US Midwest quarter and Sulphur dry bulk fob US Gulf spot See the original announcement

Platts Introduces Daily Low Alumina 58-Fe Iron Ore Assessment

On December 9 2013 Platts will launch a new daily 58-Fe iron ore assessment This assessment specifies low alumina 58-Fe spot trades containing 15 alumina 55 silica 005 phosphorus 002 sulfur and 8 moisture This assessment will be in $dry mt from CFR main Chinese ports and normalized to Qingdao in North China The graph below shows historical prices of aluminum and aluminum alloys This graph was created in ZEMA from LME official prices data

Data Source LME| Graph created in ZEMA


Platts Creates Three Weekly Price Assessments for Russian Market Steel

Platts will increase its EMEA market coverage by launching new Russian steel assessments On November 29 2013 Platts will launch three weekly price assessments for hot-rolled coil and hot-rolled sheet and rebar that is carriage paid to Moscow These new assessments present the Rublesmt value on the Friday of each week excluding UK public holidays when prices will be assessed on the nearest preceding business day See the original announcement

Energy and Metals Swaps on CME SEF

Effective on trade date Monday November 11 2013 the Swap Execution Facility Division of the Chicago Mercantile Exchange Inc (CME SEF) will list two cleared swap contracts for trading a US Midwest Busheling Ferrous Scrap (AMM) swap contract and a Transco Zone 6 Natural Gas (Platts IFERC) fixed price swap contract

Contract Title

Commodity Code

Chapter Contract Size

US Midwest Busheling Ferrous Scrap (AMM) Swap

BUW CME Swap Execution Facility Rulebook Chapter 10

20 Gross Tons

Transco Zone 6 Natural Gas (Platts IFERC) Fixed Price Swap

XZW CME Swap Execution Facility Rulebook Chapter 11

2500 million British thermal units (MMBtu)

See a complete list of contract titles commodity codes rule chapters and specifications here

November 2013

18 Back to Summary


Dalian Commodity Exchange Lists New Soybean Corn and Egg Contracts for Trade

On November 15 2013 the Dalian Commodity Exchange listed several new contracts for trade a no 1 soybeans 1505 contract a no 2 soybeans 1411 contract a corn 1411 contract a soybean meal 1411 contract an RBD palm olein 1411 contract a soybean oil 1411 contract and an egg 1411 contract The benchmark listing prices of the contracts are as follows


A1505 Contract RMB 4414ton

B1411 Contract RMB 4030ton

C1411 Contract RMB 2369ton

M1411 Contract RMB 3145ton

P1411 Contract RMB 6360ton

Y1411 Contract RMB 7246ton

JD1411 Contract RMB 4342500 kg

The graph below shows CMErsquos soybean settlement prices compared to actual precipitation levels for Peoria IL a major soybean production area This graph was generated in ZEMA

Data Source CME| Graph created in ZEMA


DCE to Amend ldquoDCE Egg Futures Contractrdquo

On November 4 2013 the Dalian Commodity Exchange announced that the ldquoDCE Egg Futures Contractrdquo has been approved by the China Securities Regulatory Commission Having been approved and reported to the CSRC DCE releases the information and related amendments to the

public The amendments include the Amendment of DCE Trading Rules the Amendment of DCE Settlement Rules and the Amendment of DCE Risk Management Rules among others The contract came into effect as of its listing day See the original announcement

Platts Proposes to Update Japan Bulk Alloys Price Assessments

As of November 20 2013 Platts invites comments on a proposal to amend the specifications and methodologies for two of its CIF Japan bulk alloys price assessments These proposed changes are a response to changing market patterns historically these assessments have specified Chinese-origin material but new ferrosilicon producers are emerging outside of China In the case of silicomanganese imports from China have essentially ceased Platts proposes to also update published specifications for the CIF Japan price assessments for ferrosilicon and silicomanganese to reflect market trends Platts desires to implement these specification and methodology changes on January 30 2014 To see Plattsrsquo proposal see the original announcement

NCDEX Modifies Contract Specifications for Steel Long Futures Contracts

On November 19 2013 the National Commodity and Derivatives Exchange Limited (NCDEX) modified contract specifications for steel long futures contracts Currently steel long futures contracts expiring in November 2013 and December 2013 are available for trading Contracts expiring in November 2013 will continue to be traded as per existing contract specifications Modifications though will be applicable for all contracts expiring in December 2013 and thereafter Contracts expiring between December 2013 and March 2014 are available for trading from November 21 2013 with revised contract specifications For a list of contract modifications see the original announcement

November 2013

19 Back to Summary


Argus Adjusts Weekly North American Fertilizer Series

Argus has announced it will be moving several series from Argus FMB Weekly North American Fertilizer to Argus FMB North American Sulphur and Sulphuric Acid The series will be available in the DSNA data module as of November 14 2013 The affected series are as follows

PA-Code Price Type Description

PA0009850

1 Sulphur dry bulk fob US Gulf quarter

PA0009850


PA0009850


PA0010816

1 Sulphur dry bulk fob US West coast

PA0010816


PA0010816


PA0010817

1 Sulphur molten bulk fob USGC quarter

PA0010817


PA0010817


PA0010818

1 Sulphur molten bulk fob US Midwest quarter

PA0010818


PA0010818


PA0010819

1 Sulphur molten del lower Atlantic quarter

PA0010819


PA0010819


PA0010821

1 Sulphuric acid del low Atlantic quarter

PA0010821


PA0010821


PA0010822

1 Sulphuric acid del New Orleans quarter

PA0010822


PA0010822


PA001082 1 Sulphuric acid del US Midwest


3 quarter

PA0010823

2 Sulphuric acid del US Midwest quarter

PA0010823



CME Group Amends Grain and Oilseed Calendar Spread Options

On November 11 2013 the Chicago Board of Trade (CBOT) listed several new non-consecutive grain and oilseed calendar spread options (CSOs) As a result CME Group has published single monthall month limits reporting levels and single monthall month aggregation allocations for these new CSOs The spread options listed below have been updated

Contract Name Rule Chapter Commodity Code

Corn Calendar Spread OptionsmdashMAR-JUL

10J 7CC

Corn Calendar Spread OptionsmdashMAR-DEC

10J 3CC

Soybean Calendar Spread OptionsmdashJan-MAR

11E S8C

Soybean Calendar Spread OptionsmdashMAR-NOV

11E SC0

Soybean Calendar Spread OptionsmdashJUL-JUL

11E SC1

Soybean Calendar Spread OptionsmdashNOV-MAR

11E SC3

Soybean Calendar Spread OptionsmdashAUG-DEC

12B OC4

Soybean Oil Calendar Spread OptionsmdashSEP-DEC

12B OC5

Soybean Oil Calendar Spread OptionsmdashDEC-JUL

12B OC3

Soybean Meal Calendar Spread OptionsmdashAUG-DEC

13B SM4

Soybean Meal Calendar Spread OptionsmdashSEP-DEC

13B SM5

Soybean Meal Calendar Spread OptionsmdashDEC-JUL

13B SM3

Wheat Calendar Spread OptionsmdashMAR-JUL

14D CW3

See CMErsquos updates here

November 2013

20 Back to Summary


LME Clear Partners with DTCC to Provide Trade Reporting Service

On November 21 2013 LME Clear announced that it has selected the Depository Trust and Clearing Corporation (DTCC) an approved trade repository as its strategic partner for a new LME reporting service LMEwire LMEwire will be available by February 12 2014mdashthe confirmed start date for the reporting obligation of all asset classes as specified by the European Market Infrastructure Regulation (EMIR) LMEwire will enable LME Clearrsquos members and their clients to comply with new EMIR mandates LME Clear will be able to transpose and transport all relevant exchange-traded data from LMErsquos matching system LMEsmart directly to DTCCrsquos trade repository eliminating the need for members to process this data themselves LME members will also be able to file OTC transaction data using LMEwire See the original announcement

Bursa Malaysia Derivatives and Dalian Commodity Exchange Extend Their Partnership Agreement for a Further Three Years

Bursa Malaysia Derivatives and the Dalian Commodity Exchange signed a new three-year partnership agreement at the eighth annual China International Oils and Oilseeds Conference This partnership continues to promote hedging of exchange traded futures (ETFs) among future market oil and oilseed participants worldwide See the original announcement

November 2013

21 Back to Summary

Environmental Markets and Weather Services

NOAA Launches a New Instrument to Measure the Sunrsquos Energy Output

On November 19 2013 an instrument that measures the sunrsquos energy output was launched on the US Air Forcersquos Space Test Program Satellite-3 The instrument called the Total Solar Irradiance Calibration Transfer Experiment (TCTE) will orbit the sun and measure the sunrsquos total energy output These measurements will be used to help determine how solar changes influence the Earthrsquos climate The TCTE instrument is funded by the US Governmentrsquos National Oceanic and Atmospheric Administration (NOAA) specifically it is funded by NOAArsquos next-generation Joint Polar Satellite System (JPSS) NOAArsquos mission is to understand and predict changes in the Earthrsquos environment and to conserve and manage coastal and marine resources The graph below shows NOAArsquos measurements of sea level pressure off the coast of California during the month of November

Data Source NOAA| Graph created in ZEMA


WSI Introduces New Weather Platform Weather FX Response

On November 20 2013 Weather Services International (WSI) announced the launch of WeatherFX Response their new interactive executive dashboard WeatherFX Response enables users to assess weather perils impacting a number of households identify widespread areas that have a substantial risk of receiving elemental damage up to three days in advance set up e-mail and text messaging alerts for mobile devices when critical business thresholds are reached monitor real-time weather radar and social media feeds and proactively text message or e-mail policy holders in an impacted area by circling a geographic region See the original announcement

EPA Releases Greenhouse Gas Emissions Data

On October 23 2013 the US Environmental Protection Agency (EPA) released its third year of greenhouse gas data This data details carbon pollution emissions and trends broken down by industrial sector greenhouse gas geographic region and individual facility The data highlights a decrease in greenhouse gas emissions as more US utilities switch to cleaner-burning natural gas Data from 2012 shows that in the two years since reporting began emissions from power plants have decreased by ten percent due to a switch from coal to natural gas for electricity generation Fossil-fuel fired power plants remain the largest source of US greenhouse gas emissions See the original announcement

Marine Weather Forecasts Now Available from AccuWeather

On November 21 2013 AccuWeather announced that marine weather forecasts are now available online and within their suite of mobile applications AccuWeatherrsquos acquisition of Bluefin Engineering applications and Sky Motion enabled the expansion of their minute-by-minute forecasting technology AccuWeather marine weather forecasts are available for the United States Europe and Australia See the original announcement

November 2013

22 Back to Summary


ICE Adds US Environmental Futures and Options

Effective on trade date November 18 2013 ICE Futures US will list many new US environmental futures and options contracts ICE Futures US has postponed listing EIA Financial Weekly Index futures contracts at this time as revisions to the Weekly Underground Natural Gas Storage Inventory Report by the Energy Information Administration (EIA) will affect these futures contracts

New US Environmental Futures and Options

Regional Greenhouse Gas Initiative FuturemdashVintage 2014

Option on Regional Greenhouse Gas Initiative FuturemdashVintage 2014

New Jersey Solar Renewable Energy Certificate FuturemdashVintage 2016



Option on New Jersey Solar Renewable Energy Certificate FuturemdashVintage 2013






Option on New Jersey Compliance Renewable Energy Certificate Class 1 Future

Option on Connecticut Compliance Renewable Energy Certificate Class 1 Future

Option on Massachusetts Compliance Renewable Energy Certificate Class 1 Future

Option on Texas Compliance Renewable Energy Certificate Future

RIN D4 (Platts) FuturemdashVintage 2014



Option on RIN D4 (Platts) FuturemdashVintage 2013







ICE Suspends ICE ERU Futures

Effective November 15 2013 ICE will suspend several ICE emission reduction units (ERUs) futures contracts on the ICE platform until further notice In addition to the July August and September 2013 contracts suspended in June 2013 ICE will also suspend June and September 2014 ERU futures contracts until further notice June September and December 2015 ICE ERU futures will be removed as well Despite this December 2013 March 2014 December 2014 and March 2015 ICE ERU futures contracts will remain on the ICE platform See the original announcement

AccuWeather Acquires Sky Motion Research Inc

On November 7 2013 AccuWeather announced that it has acquired Sky Motion Research Inc a developer of ultra-short-term highly localized weather forecasts As a result of this acquisition AccuWeather will now offer highly accurate minute-by-minute weather predictions at a hyper-local level AccuWeather has also launched a new minute-by-minute forecast solution MinuteCast MinuteCast will be made available on all of AccuWeatherrsquos mobile applications See the original announcement

November 2013

23 Back to Summary

FX Interest Rates Credit and Equity Indexes

Deutsche Boumlrse Announces Launch of Xetra Release 140

On October 29 2013 Deutsche Boumlrse launched an improved version of its electronic trading system Xetra Release Xetra Release 140 upgrades include system-based risk management improved access for trading participants and the extended validation of iceberg orders Users will also see improvements to functionalities interfaces and order types to meet the changing demands of the market See the original announcement

Deutsche Boumlrse Enhances Xetra Market Data Offering

Effective November 25 2013 Deutsche Boumlrse will enhance their Xetra market data by introducing exclusive analytics based on raw unpublished Xetra order book data Xetrarsquos real-time analytics will provide market participants with additional in-depth trading information Trade-related analytics encompass sliding volume weighted average price (VWAP) duration and buyerseller relation analytics For instance market participants can see the number and quantity of buy-triggered or sell-triggered trades per 30 second inverals in real-time Analytics are calculated and disseminated at different time intervals ranging from real-time to every 60 seconds All order and trade information is aggregated and anonymized This new market data currently comprises more than 40 order- and trade-related analytics Analytics are calculated based on all 160 index constituents of DAX MDAX TecDAX and SDAX Xetra real-time analytics will be included in the existing information products Spot Market Germany and Xetra Ultra See the original announcement

Deutsche Boumlrse Introduces Four New ETFs

On October 21 2013 Deutsche Boumlrse introduced four new ETFs issued by UBS ETF SICAV These new ETFs are tradable in Deutsche Boumlrsersquos XTF segment they enable investors to participate in the development of UK and Canadian equity markets for the first time and to benefit from hedging against exchange rate fluctuations between the euro and the dollar These new ETFs have the following names

UBS ETF-MSCI United Kingdom 100 hedged to EUR UCITS ETF (EUR) A-acc

UBS ETF-MSCI Canada 100 hedged to EUR UCITS ETF (EUR) A-acc

UBS ETF-MSCI Japan 100 hedged to EUR UCITS ETF (EUR) A-acc

UBS ETFs plc-MAP Balanced 7 UCITS ETF SF (USD) A-acc


Strate and Clearstream Launch a Centralized Collateral Management Service for South Africarsquos Financial Market

On October 31 2013 Strate Africarsquos leading central securities depository (CSD) and Clearstream announced the launch of a centralized collateral management service for the South African financial market A number of South Africarsquos largest financial institutions fund managers and the Johannesburg Stock Exchange (JSE) have committed to exploring the use of this service to more effectively manage collateral and to mitigate operational and credit risk within the South African market See the original announcement

November 2013

24 Back to Summary


New SPDR Equity Index Launched on Xetra

Effective November 7 2013 a new exchange-listed equity index fund issued by State Street Global Advisors (SPDR) will be available for trade in the XTF segment of Xetra This ETFmdashSPDR MSCI EM Beyond BRIC UCITS ETFmdashcomprises smaller emerging market countries with great growth potential A total of 17 countries are represented in the index including Taiwan South Africa and Korea Maximum index weighting for each country is 15 SPDRrsquos new equity index ETF enables investors to participate for the first time in the performance of stock corporations from emerging market countries See the original announcement

CME Introduces New Offerings on Three-Month Eurodollar Futures

Effective on trade date Monday November 18 2013 the Chicago Mercantile Exchange will introduce extensions and modifications to its offerings of options on three-month Eurodollar futures New options on three-month Eurodollar futures include quarterly options on fourth-year (blue) futures weekly two-year mid-curve options and weekly three-year mid-curve options as well as a reduction in listings of weekly one-year mid-curve options See a complete list of the new options here

CME Group Introduces Eurodollar Three-Year Weekly Mid-Curve Options

On trade date Monday November 18 2013 CME Group introduced a new product three-year ldquobluerdquo mid-curve options on Eurodollar futures This product is available for trade on Globex CME ClearPort and Trading Floor See a summary of the new product here

CME Group Approves Block Trading in E-Mini NASDAQ Biotechnology Index Futures

Effective on trade date Monday November 25 2013 CME will begin permitting block trading in E-Mini NASDAQ Biotechnology index futures at a block trade minimum threshold of 50 contracts Block trades in E-Mini NASDAQ Biotechnology index futures must be price reported to the Global Command Center and submitted for clearing through the FEC user interface Price reporting and submission for clearing of block trades in this product may not be completed through CME ClearPort See the original announcement

Nadex Adds EURGBP and AUDJPY Forex Pairs

On November 18 2013 Nadex announced the addition of EURGBP and AUDJPY currency pair offerings As well Nadex announced additional expirations to their popular two-hour intraday EURUSD and USDJPY binary contracts All times listed below are in US Eastern Time New EURGBP and AUDJPY contracts can be traded with the following expirations

Intraday 10 AM 11 AM 12 PM 1 PM 2 PM and 3 PM

Daily 11 PM 3 AM 7 AM 11 AM 3 PM and 7 PM

Weekly 3 PM

Nadexrsquos added expirations to their two-hour intraday binary contracts which will make it possible for trading to begin on Sundays are as follows

Sunday-Thursday Hourly expirations from 8 PM-5 PM

Friday Hourly expirations from 8 PM-4 PM


November 2013

25 Back to Summary


EBS Direct Launches Commercial Service

On November 12 2013 EBS direct announced that their commercial service is now fully operational and open to all customers The service went through a period of beta testing during which liquidity providers and consumers were able to trade in a live environment and submit valuable feedback to EBS as to the efficacy of the service EBS Direct aims to be compatible with EBS Market so users have no further set up costs and can view both platforms on the same screen See the original announcement

ICAP and Clarus Introduce New Data Service for OTC Derivatives

On November 18 2013 ICAP plc (IAPL) and Clarus Financial Technology announced a new OTC data service they both offer SDRView-Professional Clarus will distribute ICAPrsquos benchmark derivative pricing within their ldquoSDRView-Professionalrdquo service including ICAPrsquos interest rate swaps FRAs OIS swaps and basic swaps quoted in AUD CAD EUR GBP and USD ICAP Information Services (IIS) has provided data for SDRView-Professional in order to articulate an aggregate view of best bidask levels across ICAPrsquos onoff SEF marketplaces IIS has provided data in an hourly granularity for each currency and product Clarus will overlay IISrsquos data on its intra-day analysis of aggregated swap data repository (SDR) post-trade reporting ldquoSDRView-Professionalrdquo creates a single screen that brings together in real-time all trades executed under US regulations to facilitate increased transparency and data access See the original announcement

ICAP Futures and Options Elects to Use Traianarsquos Harmony Network

On November 5 2013 Traiana announced that ICAP Futures and Options the financial futures business of ICAP plc elected to use Traianarsquos Harmony network for its client connectivity layer 13 futures commission merchants (FCMs) currently use the Harmony Network for exchange traded derivatives (ETDs) Traianarsquos Harmony network enables FCMs to give their clients real-time visibility of all exchange traded derivatives See the original announcement

TriOptima Launches UTI Pairing Functionality for OTC Derivative Trades

TriOptima announced on October 31 2013 that it has launched a unique trade ID (UTI) pairing functionality to help firms prepare for the European trade repository reporting measures that will become effective in February 2014 This functionality accommodates paper-confirmed trades and foreign exchange (FX) trades lacking a common match ID EMIR trade reporting rules necessitate that firms agree upon UTIs for trades outstanding during a specified period before their effective date and report these to a trade repository TriOptimarsquos pairing functionality helps firms using triResolve to assign a UTI to paper-confirmed OTC derivative trades and FX trades lacking a common match ID TriOptimarsquos new service uses triResolversquos extensive population of matched trades to generate UTIs where a common match ID does not exist See the original announcement

November 2013

26 Back to Summary


TriOptima Introduces Advanced Compression Methodology to Reduce Index Tranche Legacy Notionals

TriOptima announced on October 29 2013 that it will implement an advanced triReduce compression methodology for Index Tranche trades with non-standardized coupons (known as ldquolegacyrdquo trades) and standardized coupons The triReduce compression methodology is a result of TriOptimarsquos collaboration with other industry participants triReduce compression cycles eliminated 25 or euro359 billion of the European-based ITraxxrsquos Index Tranche legacy notionals and 56 or euro1896 billion of US CDXrsquos Index Tranche legacy notionals Total notionals eliminated in the triReduce Index Tranche cycles were euro804 billion and euro2813 billion including trades with non-standardized and standardized coupons Coupons on Index Tranche trades have been standardized since 2009 however many outstanding trades with non-standardized coupons remain in portfolios Index Tranche trades are not mandated for clearing and remain in bilateral OTC derivative portfolios The elimination of these trades reduces gross notional exposures resulting in higher leverage ratios and lower capital charges See the original announcement

LCHClearnetrsquos ForexClear Launches Buy-Side Clearing of FX Derivatives

On November 7 2013 LCHClearnetrsquos ForexClear expanded its FX derivatives clearing service by launching a new offering for buy-side clients ForexClear is now available to buy-side clients through one of three futures commission merchants (FCMs) connected to the service Deutsche Bank JP Morgan and Morgan Stanley The service will initially offer FX non-deliverable forwards (NDFs) out to two years with plans to extend the product range in 2014 See the original announcement

ISE Gemini Completes Third Product Rollout

On October 28 2013 ISE Gemini completed a rollout of 199 products This is ISE Geminirsquos third product rollout since their launch on August 5 2013 Currently ISE Gemini has approximately 700 products that represent over 90 of equity options industry volume In September 2013 ISE Gemini also launched an additional 200 products ISE Geminirsquos membership application market data and trading right fees have been waived until January 1 2014 See the original announcement

NYSE Euronext US Options to Begin Trading Options on TWTR

On November 12 2013 NYSE Euronext US Options announced that its NYSE Amex and NYSE Arca options exchanges will begin trading options on Twitter (NYSE TWTR) at the market open on Friday November 15 2013 Pending regulatory approval NYSE Amex Options will also select TWTR for the listing of short term option series with series expiring on the next five consecutive Fridays See the original announcement

Bloombergrsquos SEF Completes First Electronic MAC Swap Trade

On November 21 2013 Bloomberg announced that the first electronically traded market agreed coupon (MAC) swap contract was executed on Bloomberg SEF LLC the companyrsquos multi-asset class swap execution facility (SEF) The MAC swap contract features a range of pre-set terms including start and end dates coupons and maturities Because the terms are standardized the addition of MAC swaps will help improve liquidity and efficiency for global derivatives market participants who are constrained by line items Term standardization will also enhance the ability of buy-side market participants to engage in portfolio compression See the original announcement

November 2013

27 Back to Summary


Bloomberg Indexes Launches European Banks Funding Margin Index

On November 20 2013 Bloomberg Indexes unveiled the Bloomberg European Banks Funding Margin Index a new benchmark that provides the first market-driven measurement of credit risk and funding rates of high-quality European banks The new index calculates the average spreads of Euro currency bonds to ensure transparency in risk assessment This benchmark is unique in evaluating the credit risk of banks from bond market prices as opposed to the more volatile credit derivatives market To provide an accurate reflection of the borrowing costs of major European banks the Bloomberg European Banks Funding Margin Index measures a six month moving average of asset swap spreads of bonds from 20 highly-ranked European banks See the original announcement

New EMIR Counterparty Classification Tool Launched on ISDA Amend

On October 28 2013 the International Swaps and Derivatives Association Inc (ISDA) the British Bankers Association (BBA) the Investment Management Association (IMA) and Markit announced the launch of the EMIR Counterparty Classification tool on ISDA Amend ISDA Amend is an online service from ISDA and Markit that helps businesses comply with certain European Market Infrastructure Regulation (EMIR) regulatory requirements The EMIR Counterparty Classification tool provides an online system that allows businesses to classify their status according to EMIRrsquos taxonomy by answering a series of questions The EMIR Counterparty Classification tool on ISDA Amend is free for corporations and buy-side firms See the original announcement

OTC Clear Becomes a Recognized Clearing House

On October 25 2013 the Securities and Futures Commission (SFC) granted OTC Clearing Hong Kong Ltd (OTC Clear) recognition as a clearing house under section 37 of the Securities and Futures Ordinance OTC Clear a subsidiary of Hong Kong Exchanges and Clearing Ltd (HKEx) provides clearing services for over the counter (OTC) derivatives OTC Clear will begin offering clearing services in November 2013 It will clear inter-dealer trades initially but will introduce client clearing services in mid-2014 See the original announcement

GFI Group to Provide Credit Suisse and UBS Access Functionality for Interest Rate Swaps

On November 20 2013 GFI Group Incmdasha provider of wholesale brokerage electronic execution and trading support products for global financial marketsmdashannounced that Credit Suisse and UBS will utilize the sponsored access functionality of GFIrsquos swap execution facility (SEF) for interest rate swaps GFI-sponsored access functionality allows dealer banks to connect their existing customer execution platforms to RatesMatch the firmrsquos electronic SEF marketplace for the trading of interest rate swaps RatesMatch provides banks and their customers with a central liquidity pool and the use of four major trading protocols Central Limit Order Book Request-for-Quote Matching sessions and Request-for-Match RatesMatch helps clients benefit from GFIrsquos liquidity pool without taking on the challenges of becoming a direct SEF participant UBS will also stream prices into RatesMatchrsquos Central Limit Order Book adding additional liquidity to GFIrsquos marketplace for interest rates swaps See the original announcement

November 2013

28 Back to Summary


CBOE Short-Term VIX Index Values Now Disseminated Every 15 Seconds

On November 18 2013 the Chicago Board Options Exchange Inc (CBOE) announced that it has expanded the frequency of values disseminated on its CBOE Short-term Volatility Index (VXST Index) VXST Index values are now disseminated every 15 seconds during the trading day Previously VXST Index values were disseminated once a day CBOErsquos increased dissemination of index values will help traders track the intra-day volatility of the VXST Index See the original announcement

NASDAQ OMX Group and CRD Analytics Announce Changes to Global Sustainability Index

On November 18 2013 the NASDAQ OMX Group Inc and CRD Analytics announced the results of their semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index The Global Sustainability Index is an equally weighted equity index that is a benchmark for stocks from companies who are taking a leading role in sustainability performance reporting As a result of the re-ranking the following six securities will be added to the index Baker Hughes Incorporated (NYSE BHI) CSX Corporation (NYSE CSX) Mohawk Industries Inc (NYSE MHK) ArcelorMittal (NYSE MT) Spectra Energy Corp (NYSE SE) and Union Pacific Corporation (NYSE UNP) The following six securities will be removed from the index Campbell Soup Company (NYSE CPB) Nokia Corporation (NYSE NOK) Orange (NYSE ORAN) PepsiCo Inc (NYSE PEP) Telefoacutenica SA (NYSE TEF) and Vodafone Group Pic (NASDAQ VOD) See the original announcement

CME Group Expands Listings of Contract Months for Standard and Mid-Curve Eurodollar Options

Effective on trade date Monday November 18 2013 CME Group will expand listings of contract months for the Eurodollar options listed below These Eurodollar options are available on CME Globex and Open Outcry and are available for submission for block trading through CME ClearPort

Code ClearingGlobex

Title Current Listing Schedule

New Listing Schedule (As of November 17)

EDGE Eurodollar Options

12 quarterlies and 2 serials


CME Group will also reduce listings of 1-year weekly mid-curve options on Eurodollar futures (clearing code 1K-5KE01-E05) to each of the two nearest eligible dates for termination of trade Effective trade date Monday November 18 2013 CME will list weekly mid-curve options for expiration on only the three nearest eligible dates for termination of trading Then effective trade date Monday November 25 2013 CME will list weekly mid-curve options for expiration on only the two nearest eligible dates for termination of trading

Code Clearing Globex


New Listing Schedule (as of Nov 17)

1K-5KE01-E05

Eurodollar 1 Year Weekly Mid-Curve Options

Listing of the Weekly Mid-Curve options will include four weekly expirations on Fridays that are not also the termination of trading of Quarterly or Serial Mid-Curve options

Listings of the Weekly Mid-Curve options will include two weekly expirations on Fridays that are not also the termination of trading of Quarterly or Serial Mid-Curve options


November 2013

29 Back to Summary


Deutsche Boumlrse Purchases a Minority Stake in GMEX Group

On October 24 2013 Deutsche Boumlrse announced their purchase of a minority stake in Global Markets Exchange Group International LLP (GMEX Group) GMEX Group is a London-based exchange business focused on the launch of a suite of new products including original interest rate swap futures contracts derivatives indices and emerging markets exchange business partnerships Deutsche Boumlrse paid a single digit million GBP sum for the stake They purchased the stake to support innovation in new product concepts some of which will enable institutions to reduce costs to both balance sheets and margining See the original announcement

MIAX Options Exchange Enters Information Sharing Agreement with JSE of South Africa

On November 5 2013 MIAX Options Exchange announced that it will be sharing market surveillance information with the Johannesburg Stock Exchange (JSE) of South Africa This agreement is the first collaboration between MIAX and JSE among other benefits the agreement will simplify the listing and trading of particular ETFs See the original announcement

Traianarsquos Harmony Network Expands into Asia

As of November 19 2013 Traianarsquos Harmony networkmdashits global product for equities swaps and CFD marketsmdashis now live in the Asia Pacific region Traianarsquos Harmony network has penetrated the Asia Pacific region as a result of growing volumes in the Asian give-up market and a demand for increased access to the Asian market by global buy-side firms The Harmony networkrsquos expansion into Asia includes product enhancements designed to address localized market requirements New Harmony functionalities include unique indications around short selling and price breakdowns The expansion of Traianarsquos CFD equity swap network in Asia will significantly improve risk management by automating the give-up process See the original announcement

ICAP and Interactive Data Corporation Collaborate for OTC Data Distribution

On November 7 2013 ICAP and Interactive Data Corporation announced a new collaboration between their firms As a result of this collaboration Interactive Data clients will be permitted to access a wide range of ICAP data including interest rate credit fixed income money markets foreign exchange and energy market data in order to perform enhanced market analyses Interactive Data clients will access ICAPrsquos data via multiple Interactive Data desktop platforms and data feed offerings See the original announcement

November 2013

30 Back to Summary

Other Matters

Cantor Fitzgerald and LCHClearnet Launch Europersquos First Centrally Cleared OTC CFD

On October 30 2013 Cantor Fitzgerald Europe (Cantor) and LCHClearnet launched Europersquos first centrally cleared OTC contract for difference (CFD) in partnership with Commerzbank Corporate and Markets ING and Citi This initiative is a response to client demands for a reduction in risk to CFD providers See the original announcement

Barchart Launches Mobile Version of Market Data and Commodities Trading Platform

On November 6 2013 Barchartcom announced the release of an Android mobile app for traders The mobile app provides live futures trading and real-time market data streaming This will provide traders with tools to manage their positions no matter where they are See the original announcement

Barchart Announces Strategic Alerts for Stocks Futures and Indices

On October 29 2013 Barchartcom announced the introduction of a custom strategic alert service that allows traders to create alerts on stocks futures currencies and indices This strategic alert service gives traders a simple and effective way to monitor the markets they are trading on See the original announcement

Markit and Bloomberg Announce Cross-Distribution Deal for EDM Services

On November 5 2013 Markit and Bloomberg announced an agreement to administer pricing and reference data by means of Markitrsquos enterprise data management (EDM) platform and Bloombergrsquos PolarLake Both services provide enterprise data management solutions that allow for the acquisition validation storage and delivery of data in a reliable and auditable environment See the original announcement

DGCX to List Plastic Futures Contract

On November 19 2013 the Dubai Gold and Commodities Exchange (DGCX) announced that it will launch a new plastics futures contract on February 28 2014 The contract is designed to provide enhanced liquidity in the global trade of plastics and will be the first ever plastics contract to be listed in the Middle EastNorth Africa (MENA) region The new DGCX Polypropylene plastic futures contracts will create a transparent market and a new pricing benchmark for the MENA region The contract is sized at 5 metric tons (MTO) with the contract price quoted in US dollars per MT See the original announcement

November 2013

31 Back to Summary

Other Matters

NYSE ICE to Acquire Singapore Mercantile Exchange

On November 19 2013 NYSE ICE announced a definitive agreement to acquire Singapore Mercantile Exchange (SMX) in an all-cash transaction Under the terms of the agreement NYSE ICE will acquire 100 of SMX including the SMX Clearing Corporation (SMXCC) The transaction is expected to close by the end of 2013 SMX operates futures markets in Singapore across metals currencies energy and agricultural commodities SMX will provide NYSE ICE with exchange and clearing infrastructure in Asia for the first time See the original announcement


On November 13 2013 NYSE ICE announced its acquisition of NYSE Euronext (NYSE NYX) The stock-and-cash transaction had a total value of approximately $11 billion NYSE ICE and NYSE NYX have a combined market capitalization of $23 billion Together they operate 16 global exchanges and five central clearing houses ICE and NYSE Euronext businesses will continue to operate under their respective brand names See the original announcement

Clearstream and the Dubai Commodities Clearing Corporation Cooperate on Collateral Management

On October 8 2013 Clearstream and the Dubai Commodities Clearing Corporation (DCCC) the central counterparty (CCP) of the Dubai Gold and Commodities Exchange (DGCX) agreed to cooperate on collateral management for CCP margining The DCCC will join Clearstreamrsquos central counterparty network by connecting to the companyrsquos integrated collateral management environment the Global Liquidity Hub The DCCC will join Clearstreamrsquos Global Liquidity Hub by the end of the first quarter in 2014 See the original announcement

MarketPrizm Provides Market Data and Order Entry Services to DGCX

On November 14 2013 MarketPrizm a provider of market data and infrastructure services announced that it will offer data and order entry services to the Dubai Gold and Commodities Exchange (DGCX) This move will give European investors improved access to the DGCX Investors will be able to receive DGCX data and trade on the DGCX from anywhere in Europe without the added costs of establishing connectivity into Dubai See the original announcement

MCX and Dalian Commodity Exchange Sign MOU

On November 20 2013 the Multi Commodity Exchange of India Limited (MCX)mdashIndiarsquos first listed national-level electronic commodity futures exchangemdashsigned a memorandum of understanding (MOU) with the Dalian Commodity Exchangemdashone of four Chinese futures exchanges This agreement is designed to facilitate collaboration between these exchanges in many areas including knowledge sharing research and price risk management See the original announcement

CFFEX and NASDAQ OMX Sign MOU

Chinarsquos Financial Futures Exchange (CFFEX) and the NASDAQ OMX Group Inc signed a memorandum of understanding (MOU) in Mexico City on October 29 2013 The MOU signed at the annual meeting of the World Federation of Exchanges facilitates cooperation between the two exchanges The MOU outlines the extent to which CFFEX and NASDAQ OMX will collaborate regarding technology consultation information sharing and staff training The MOU helps promote cooperative mutually beneficial business ventures between CFFEX and NASDAQ OMX See the original announcement

November 2013

32 Back to Summary

Other Matters

Delays on NOS Merger and EMIR Application Process

NASDAQ OMX Clearing AB submitted an application for their re-authorization as a clearing house under the EMIR regulation in April of this year however discussions with the Swedish FSA have led to the realization that further analysis will be required and additional materials added before the house can be re-authorized NASDAQ OMX has provided these materials and there will be a limited extension of the process as agreed upon with the Swedish FSA These delays will also affect the merger and migration of NOS Clearing ASA into NASDAQ OMX Clearing AB Originally scheduled to occur on December 2 2013 the merger will now take place in early 2014 no sooner than February NOS Clearing ASA will continue to operate as usual until further notice See the original announcement

November 2013

33 Back to Summary

Monthly Market Analysis

Crude Oil Brent Vs WTI Prompt-Month Contract (NYMEX)

On the New York Mercantile Exchange (NYMEX) NYMEX crude oil prices dropped by 1 for Brent and by 7 for Western Texas Intermediate (WTI) in November compared to October In November 2013 the NYMEX Brent Prompt-Month contract fell to $100 USDbbl whereas WTI dived to $94 USDbbl (the lowest since May 2013) by $8 USDbbl from the last month High US crude stockpiles rising production and indications from the Federal Reserve to maintain the stimulus package put a lot of downward pressure on WTI

1 A report from the

Energy Information Administration showed that US crude stockpiles reached their highest level since January 1989

1 On

the other hand Brent dropped slightly after Iran and other world powers reached an interim agreement on the countryrsquos nuclear program towards the end of November

2 Under the

new deal Iran will be allowed to export 1 million barrels per day most importantly though the agreement suggested less tension in the Middle East Since the price of Brent is reflective of geopolitical factors in the Middle East signs of less tension in the region promise lower prices As suggested in last monthrsquos DataWatch analysis the Brent-WTI spread widened further to $11 USDbbl in November from $4 USDbbl in the previous month Big gains at Cushing the Federal Reserversquos commitment to promote a strong economic recovery and unlocked shale formations thanks to horizontal drilling and hydraulic fracturing will make it very difficult for WTI to rise above the current price level for the time being The prices for both benchmarks are expected to fall although WTI is likely to fall further compared to Brent in the following month

Crude Oil Brent Vs WTI Forward Curve (NYMEX)

On the New York Mercantile Exchange (NYMEX) crude oil futures fell as market participants were assured by promising signs of strong crude supplies in November 2013 Brent for January delivery fell slightly and was traded at $107 USDbbl whereas Texas light sweet futures dropped by 51 to be traded around $95 USDbbl for the same month deliveryndashwidening the WTI contractrsquos discount to January Brent by $6 USDbbl to $12 USDbbl The European crude benchmark dropped towards the end of November Since Brent is particularly sensitive to tensions in the Middle East the easing of sanctions on Iran and the end of protests at the western Mellitah oil port in Libya promise more stability for the crude supply

1 The interim agreement

announced in Geneva between Iran and the US China Russia France Britain and Germany was reached in the fourth week of November releasing up to 1 million barrels per day of Iranian crude in the next 6 months Although Iranian crude is still under restrictions the market perceived this as a sign of less tension in the region with the potential for Iran to supply more crude to the market

2

WTI crude has been put under a lot of downward pressure as rising production and record high US stockpiles suggest secured supply in the short term Also the Federal Reserve hinted that the central bank is not going to end its asset-purchase program too soon ensuring the demand side will be intact for the time being With the current supply level it is the Federal stimulus package that prevents WTI from going under $90 USDbbl

3 A report compiled by Bloomberg

implying volatility for at-the-money WTI options expiring in January 2014 was lowered to 179 from 184

November 2013

34 Back to Summary

North American Natural Gas Spot Prices (ICE)

On the Intercontinental Exchange (ICE) North American natural gas spot prices dropped four weeks into November compared to the last month in all four major hubs PGampE Citygate in California Chicago Citygates Henry Hub and New York Transco Zone 6 From October to November (week ending November 21 2013) the monthly average prices fell in PGampE Citygate by 10 to $356 USDMMBtu in Chicago Citygates by 1 to $381 USDMMBtu in Henry Hub by 2 to $369 USDMMBtu and also by 2 in Trans Z6 to $358 USDMMBtu For the week ending November 21 2013 EIArsquos Natural Gas Weekly Update reported modest price movements were due to continued strong production and storage levels despite the beginning of the 2013-2013 heating season

1 Total natural gas

consumption fell 6 while total US dry gas production remained 3 above the same time last year average According to EIA temperatures in the lower 48 states averaged 457 F in the fourth week of November 19 degrees cooler than the 30-year normal temperature and 2 degrees cooler than the same period last year In the US West region working gas in underground storage was reported 553 Billion cubic feet (Bcf) for the week ending November 21

st

while the five-year average is 514 Bcf an increase of 76 in gas storage for the region

1

Henry Hub Natural Gas Forward Curve (ICE)

On the Intercontinental Exchange (ICE) Henry Hub natural gas futures continued their downward spiral In November 2013 the average future prices at Henry Hub for the next twelve months dropped by 5 to $370 USDMMbtu compared to the previous month According to the US Energy Information Administration (EIA) natural gas consumption which averaged 697 Billion cubic feet per day (Bcfd) in 2012 will average 701 Bcfd and 696 Bcfd in 2013 and 2014 respectively

1 On the other side

EIA projected that natural gas marketed production being 692 Bcfd in 2012 will to increase to 703 Bcfd in 2013 and to 710 Bcfd in 2014

1 This marks 2013 as the year in which

the projected production surpasses the consumption by 02 Bcfd In the early days of November 2013 EIA reported that natural gas working inventories reached 3814 Bcf which was 1 57 Bcf above the previous 5-year (2008-12) average

1


November 2013

35 Back to Summary

Actual Weather (AccuWeather)

From October to November the average monthly temperature dropped as expected in all four observed cities due to seasonality The average temperature dropped in New York City by eight degrees Celsius to 7C in Raleigh by seven degrees to 10C in Chicago by 10 degrees to 1C and in Sacramento only by 2 degrees to 13C Aside from Sacramento November felt just a little colder than the two-year average in the observed cities Comparing the past two-year average of November temperature to November 2013 the temperature was higher in Sacramento City by 2 degrees Celsius as the West Coast experienced a warmer November than usual whereas Chicago Raleigh and New York were below the two-year average in the same month by 3 degrees 1 degree and 1 degree respectively In November Chicago was again the coldest among the four cities but New York experienced the largest temperature fluctuations moving from 19C in the beginning of the month to below -8C on November 24

th Data from AccuWeather

showed the temperature was as cold as -11C on the 23rd

and 24

th of November in Chicago

Electricity Day-Ahead Prices (ICE)

On the Intercontinental Exchange (ICE) electricity day-ahead prices increased in the observed North American markets except for the Mid-Atlantic region in November From October to November the day-ahead monthly average prices increased in CAISO-SP15 by 3 to $44 USDMWh in ISO-NE by 23 to $50 USDMWh and in NYISO by 20 to $52 USDMWh whereas the PJM North dropped by 5 to $32 USDMWh While the drop in temperature due to seasonality could be the main reason for the rise in the electricity prices PJM North tells a different story According to EIA the wholesale electricity price in the Mid-Atlantic region moves with the natural gas price on any given day since the decline in natural gas prices led to an increase in the use of natural gas for power generation in the PJM market

1 In November the monthly average gas spot prices

dropped to $381 USDMMBtu in Chicago Citygates Natural gas production in the northeastern United States rose from 21 Billion cubic feet per day (Bcfd) in 2008 to 123 Bcfd in 2013 a whopping 486 increase over a period of 5 years

2 This trend has increased the supply and reduced the

cost of natural gas usage in the Mid-Atlantic region The Mid-Atlantic region remains mostly fueled by coal and nuclear sources of electricity

2 However the availability of

cheap yet abundant natural gas and coal from the Illinois Basin has kept power generating units producing more affordable electricity compared to other regions in the US It should be mentioned that coal and natural gas account for 74 and 22 of the generation stack in the PJM market respectively

3


November 2013

36 Back to Summary

News from Data Vendors

New Data Reports for ZEMA

ZE is continuously working to expand its data coverage We provide our clients with data essential to their operations Our highly flexible data parsers can collect information in any electronic format from any source and at a frequency clients need ZE has added several new data reports to ZEMA following the publication of our October issue of DataWatch

Data Source Report Name

AE Bruggemann Settlement Quotes

AEMO Yesterdayrsquos Bid Reports

APX Power NL Day Ahead Market

ASXEnergy Australian Futures

ASXEnergy Australian Options Snapshot

ASXEnergy Australian Futures Snapshot

ASXEnergy Australian Options

ASXEnergy New Zealand Futures

ASXEnergy Australian Caps

ASXEnergy New Zealand Options

Atlas EOD Platts Indications

BAFG (German Federal Institute of Hydrology)

River Level


Water Level

BPA Real Time Loads Vs Capacities

CME SDR Swap Transactions

CAISO CMRI Convergence Bidding Awards

COLC (Crude Oil Logistics Committee)

Capability Report


Comparative Delivery Statistics

Comdaq Metals Tradable Average Benchmark Prices

Comdaq Metals Tradable Benchmark Prices

DHMZ Daily Hydrological Report

Echo Energy Derivatives Settlements

Elia Imbalance Prices

Energinet Production and Consumption

EOXLive EOD CME Transactions

EPEX Power Spot Market Auction

ERCOT REC Transaction


ERCOT REC Accounts by Account Type

ERCOT REC Accounts by Technology Type

ERCOT REC Generators

Ergon Crude Oil Price

EuroWind Wind and Solar Generation Forecast

GFI SEF Daily Trade Data

HydroOne Interval Meter Data

ICAP SEF Market Data

ICAP Grade Differentials

ICE OTC SPDC Position Limit

IHS US Waterborne LPG Exports

IVG Daily Ethanol Market Indications

Javelin SEF Market Data

Kempler Ethanol RIN Settlement

LUBW River Temperature

Marine Traffic Current Conditions in Ports

MarketAxess Sector Rankings

MEFF Power Market Data

Meteologica Demand Forecast

MISO Rate Forecast

MISO Cost to Serve Load

MISO Point to Point Transmission Service Rates

MISO Real Time Transmission Outages

MRETS REC Account Holders

MRETS REC Account Information

MRETS REC Generators

MRETS REC Certificate Transfer History

NAR REC Certificate Transfers

NAR REC Account Information

NAR REC Projects

NEISO Hourly Wholesale Load Cost

NEPOOL GIS REC Account Information

NEPOOL GIS REC Inter Account Transfer

NEPOOL GIS REC Account Holders

NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices

NYISO Installed Capacity ICAP UCAP Calculations

OATI Oasis ETags Hourly Profile

OMIP Daily Trading Report

OPIS Closing Net

OPIS Closing Biolite

PJM Schedule 9 Settlement Rates

November 2013

37 Back to Summary



PJM EIS REC Generators

PJM EIS REC Account Information

PJM EIS REC Transfer History

PJM InSchedule EDC Loss Factor

PJM Reactive Supply and Voltage Control Revenue Requirements

PJM RPM Daily Zonal Scaling Factors

PJM eSchedule RPM Auction Charges and Credits

PJM Black Start Revenue Requirements

PJM NTIS Revenue Requirements and Rates

PJM Schedule 9 Rates

PVM Domestic Crude Settlements

PVM EOD Domestic Crude Settlement

RIM Japan Domestic Spot Products

RIM LPG Intelligence Daily

RTE France Imbalance Settlement Price

SCB Chicago Platts Settles

SNL Instrument Data

SNL SNL Natural Gas Indexes

Spectra Energy S amp T Firm Contracted Value

Speedwell Hourly Temperature

Speedwell Daily CME Weather

Speedwell Daily CME Snowfall

Speedwell Daily Temperature

Speedwell Daily Climate Synoptic Weather

SPP Transmission Outages

SPP IMM Energy Dispatch Set

Starfuels Merc Settlements

SutronWIN Real Time Station Hydromet

SwapEx NDF Market Data

Swissgrid Balance Energy Price

Terna Values Market Ancillary Services

Tradeweb SEF Volume Stats

TraditionSEF Daily Market Activity

TullettPrebon SEF Daily Activity Summary

US Department of the Treasury

Treasury Bill Auction ResultsmdashFutures


Treasury Bill Auction Results

USDA AMS Louisiana and Texas Export Bids

USDA ADM (Actuarial Data)

USDA FAS NDVI

USDA AMS Pacific NW Wheat Basis Report


USDA AMS Daily Grain Review

Vigicrues River Level

WECC WREGIS REC Active Account Holders

WECC WREGIS REC Certificate Transfer History

WECC WREGIS REC Active Generators

WECC WREGIS REC Account Information

WITS Settlement Prices

XcelEnergy Generation Plants Meter Data

EPEX SPOT Power Trading Results in October 2013 Monthly Volumes Hit 30 TWh

Paris 4 November 2013-- In October 2013 a total volume of 304 TWh was traded on EPEX SPOTrsquos Day-Ahead and Intraday markets (October 2012 293 TWh) It is the second time ever that the overall monthly trading volumes on EPEX SPOTrsquos markets hit the 30 TWh mark after the record volume in December 2011 (309 TWh) The result is partly due to record volumes on the German Day-Ahead market (217 TWh) exceeding its previous record from December 2011 by 15 GWh Day-Ahead Markets In October 2013 power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 28335139 MWh (October 2012 27739571 MWh) and can be broken down as follows

Areas Monthly volume MWh

Monthly volume ndash

previous year MWh

Price ndash monthly average

(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680

ELIX ndash European Electricity Index 3931 5209

Peak excl weekend Prices within the French and the German market both coupled with the Benelux markets within Central Western Europe (CWE) converged 49 of the time

November 2013

38 Back to Summary


Intraday markets On the EPEX SPOT Intraday markets a total volume of 2105825 MWh was traded in October 2013 (October 2012 1565231 MWh)


Monthly volume ndash previous year

MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0

Swiss market launched in June 2013

Trading volume on the Swiss Intraday market registered a new all-time high The new record is a 1 increase from the previous record in July 2013 (83153 MWh) In October cross-border trades represented 205 of the total Intraday volume Volume in 15-minute contracts amounted to 251775 MWh In October they represented 14 of the volume traded on the German and Swiss Intraday markets About EPEX SPOT SE The European Power Exchange (EPEX SPOT SE) operates the power spot markets for France Germany Austria and Switzerland (Day-Ahead and Intraday) Together these countries account for more than one third of European power consumption EPEX SPOT is a European company (Societas Europaea) based in Paris with a branch in Leipzig 285 TWh were traded on EPEX SPOTrsquos power markets in the first ten months of 2013

EPEX SPOT Publishes Q amp A on Negative Prices

Paris 30 October 2013 ndash In order to maximize transparency and comprehensibility of its markets the European Power Exchange EPEX SPOT has published a Q amp A on negative prices on its website A negative price is a relatively rare price signal on the power wholesale market that occurs when high inflexible power generation hits low demand For instance the French market saw negative prices on 16 June 2013 following mild weather across the region and a high inflexible production from Belgian nuclear power plants Another example is negative prices that occurred last weekend on the German market due to high wind production and at the same time low consumption on a period with comparably mild temperatures

As Central Western European (CWE ndash GermanyAustria France Benelux countries) markets are coupled fundamentals and prices of different markets can no longer be considered independently from one another While using cross-border transmission capacity to reduce price spreads Market Coupling increases efficiency and liquidity and buffers negative and positive price peaks EPEX SPOT wishes to provide maximum transparency and information concerning the functioning of its markets We hope to meet this goal through our Q amp A Please find the Q amp A in the ldquoBasics of the Power Marketrdquo chapter in the ldquoAbout Usrdquo section in the upper right of our website (wwwepexspotcom)

PEGAS Strong Increase of Spot and Futures Volumes in October

Leipzig Paris 6 November 2013 ndash PEGAS the natural gas platform formed by cooperation between the European Energy Exchange (EEX) and Powernext announced that a total volume of 225 TWh was traded on the platform and cleared by European Commodity Clearing (ECC) in October 2013 In the framework of this cooperation EEX and Powernext have combined their natural gas market activities to create a pan-European gas market Spot Markets Overall trading volumes on the spot markets amounted to 152 TWh in October 2013 which represents an increase of 43 compared to September 2013 (106 TWh) The German spot markets (GASPOOL and NCG market areas) registered a volume of 58 TWh This volume includes 178905 MWh traded in the quality-specific gas products which EEX launched on 1 October for the German gas market areas The volume in the French spot markets (PEG Nord PEG Sud PEG TIGF market areas) amounted to 77 TWh which constitutes a new monthly record (+25 compared with the previous record of 62 TWh registered in July 2013) This trend was confirmed on 1 November with a new daily volume record of 847150 MWh registered on the PEG Spot markets (previous record 694210 MWh on 23 August 2013) The Dutch TTF Spot Market recorded a monthly volume of 17 TWh Derivatives Markets In October 2013 trading volumes on the Derivatives Markets connected to PEGAS amounted to 73 TWh which represents an increase of 46 compared to September 2013 (50 TWh) The German Futures markets (GASPOOL and NCG market areas) recorded a volume of 29 TWh In the French market areas a total of 28 TWh was traded on PEG Nord Futures and the PEG Sud Futures newly introduced on 1 October (200

November 2013

39 Back to Summary


GWh) At 16 TWh in October a new monthly record was reached in the TTF Futures market (previous record 13 TWh in February 2013) Details on the natural gas volumes and prices are available in the enclosed monthly report About PEGAS ndash Pan-European Gas Cooperation PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext In the framework of this cooperation both companies combine their natural gas market activities to create a pan-European gas offering Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German French and Dutch market areas Furthermore spread products between these market areas are tradable on the same trading platform For more information visit wwwpegas-tradingcom About EEX The European Energy Exchange (EEX) is the leading European energy exchange It develops operates and connects secure liquid and transparent markets for energy and related products on which power natural gas CO2 emission allowances coal and guarantees of origin are traded Clearing and settlement of all trading transactions is provided by the clearing house European Commodity Clearing AG (ECC) EEX is a member of Eurex Group For more information visit wwweexcom About Powernext Powernext SA manages complementary transparent and anonymous energy markets Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands Powernext has managed the National Registry for electricity guarantees of origin in France since 1 May 2013 Powernext owns 50 in EPEX SPOT and 20 in EEX Power Derivatives For more information visit wwwpowernextcom PEGAS ndash Monthly Figures Report for October 2013 Volumes

Spot Market Derivatives Market

Oct 2013 in MWh Oct 2013 in MWh

GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices

Spot Market Index Name Oct 2013 Index Value (min max

in EURMWh)

GASPOOL EEX Daily Reference Price

25493 27271

NCG EEX Daily Reference Price

25706 27191

PEG Nord Powernext Gas Spot DAPPowernext Gas Spot EOD

2559 2780 2520 2797

PEG Sud Powernext Gas Spot DAPPowernext Gas Spot EOD

2630 3079 2559 3117

TTF EEX Daily Reference Price

24600 28250

Derivatives Market

Index Name Nov 2013 Index Value (in

EURMWh)

Germany EGIX (European Gas Index) ndash Monthly Average

27110

GASPOOL EGIX ndash Monthly Average

27055

NCG EGIX ndash Monthly Average

27159

PEG Nord Powernext Gas Futures Monthly Index

2755

PEG Sud Powernext Gas Futures Monthly Index

2924

TTF Powernext Gas Futures Monthly Index

2698

EPEX SPOT and Swissgrid Prepare for Market Coupling on Swiss Borders

FrickParis 7 November 2013 ndash The European Power Exchange EPEX SPOT and the Transmission System Operator Swissgrid AG started cooperating with the aim of being ready to launch day-ahead market coupling projects in cooperation with other neighboring Transmission System Operators (TSOs) The partnership is based upon the price coupling of regions (PCR) which was chosen as the market coupling solution for the integration of the European electricity market It is

November 2013

40 Back to Summary


therefore consistent with the roadmap for the integration of the European internal electricity market published by the Agency for the Cooperation of Energy Regulators (ACER) To this end on 6 November 2013 with acceptance of the Swiss regulatory authority ElCom the parties have signed a cooperation agreement defining the scope and the main features of their partnership EPEX SPOT and Swissgrid will cooperate in day-ahead market coupling projects on Swiss borders This includes present activities on the Italian Border Market Coupling Initiative and future initiatives on the other Swiss borders Furthermore EPEX SPOT will establish a subsidiary in Bern Switzerland to meet the needs of Swiss stakeholders and in particular to guarantee compliant market data provision to authorities according to Swiss legislation The cooperation of Swissgrid and EPEX SPOT regarding market coupling will use the already existing trading platforms for the Swiss market without introducing new ones There will be no impact on the current trading possibilities of members on the Swiss market platforms currently operated by EPEX SPOT By entering into the ldquoCooperation Agreementrdquo Swissgrid and EPEX SPOT are making another step to strongly contribute to the integration process of wholesale electricity markets within Europe About Swissgrid Swissgrid is Switzerlandrsquos national grid company As the owner of the Swiss extra-high voltage grid it is responsible for operating the grid safely and without discrimination and for maintaining modernizing and expanding the grid efficiently and with respect for the environment Swissgrid employs over 400 highly qualified people from sixteen countries at sites in Frick Laufenberg and Vevey As a member of the European Network of Transmission System Operators for Electricity (ENTSO-E) it is also responsible for grid planning system management and market design in the cross-border exchange of electricity in Europe Seventeen Swiss electricity companies jointly hold the entire share capital of Swissgrid About EPEX SPOT SE EPEX SPOT SE operates the power spot markets for France Germany Austria and Switzerland (Day-Ahead and Intraday) Together these countries account for more than one third of European electricity consumption EPEX SPOT SE is a European company (Societas Europaea) based in Paris with a branch in Leipzig 285 TWh were traded on EPEX SPOTrsquos power markets in the first ten months of 2013 About PCR Price Coupling of Regions (PCR) is the initiative of seven European Power Exchanges (APX Belpex EPEX SPOT GME Nord Pool Spot OMIE and OTE) to develop a single price

coupling solution to be used to calculate electricity prices across Europe and to allocate cross-border capacity on a day-ahead basis This is crucial to achieve the overall EU target of a harmonized European electricity market The integrated European electricity market is expected to increase liquidity efficiency and social welfare PCR is open to other European power exchanges wishing to join

Argus Launches Turkish Language Energy Market Report

London 11 November 2013 - Global energy and commodity news and price reporting agency Argus has launched a weekly Turkish-language news pricing and analysis service Argus Turkish Energy Markets The launch of this cross-commodity market service reflects the importance of Turkey as an energy consumer and fuel importer a regional trading hub and a hotspot for investment in power generation Liberalization of the Turkish electricity market has accelerated after the passing of a new law in March the new law aims to allow all consumers to be able to choose their providers by 2015 Turkeyrsquos appetite for imported fuels continues to grow with the economy expected to expand by 36pc this year and by 4pc in 2014 Argus Turkish Energy Markets is designed to inform the strategy of local and multinational traders importers investors and energy-intensive industries that have a growing need for timely and accurate market intelligence The reportrsquos coverage spans electricity pipeline gas LNG thermal coal petroleum coke crude oil and refined products drawing on the expertise of Argus market specialists and on energy fundamentals service Argus Fundalytics Argus Turkish Energy Markets provides analysis news on investments and key regulatory developments Argus price assessments market commentary and weather forecasts The service includes power generation economics by fuel type cross-border electricity price spreads a table of large generation projects and charts showing key currency exchange rates ldquoWe are pleased to launch this Turkish-language service for one of the worldrsquos fastest-developing energy marketsrdquo Argus Media chairman and chief executive Adrian Binks said ldquoThis marks an important expansion of Argusrsquo coverage of Turkey and demonstrates our long-term commitment to increasing transparency in this key market through the provision of trusted and impartial informationrdquo

November 2013

41 Back to Summary


OTC Global Holdings Launches Electricity Forward Curves

13 November 2013 - OTC Global Holdings LP (OTCGH) the leading independent interdealer broker in over-the-counter commodities formally announced today the availability of its latest data product Electricity Forward Curves powered by EOXLive The Electricity Forward Curves provides a powerful independent market valuation tool to support investment and trading decisions in electricity markets across North America As with all OTCGH Market Data products Electricity Forward Curves draws from the deep liquidity of OTCGHrsquos breadth of brokerages and leverages the companyrsquos well-known EOXLive brokingtrading platform The new product covers daily assessments of electricity forwards at 46 locations including all the major electricity hubs and relevant trading locations in North America such as ERCOT PJM NEPOOL NYISO WECC CAISO IESO AEIS and MISO ldquoThe expansion into Electricity Forward Curves is the next step in OTCGHrsquos mission to provide unmatched customer service liquidity transparency to our customersrdquo said Suresh Dongre CIO and head of market data at EOXLiveOTCGH ldquoVia the EOXLive platform wersquore able to provide access to the highest quality data and deliver a tool that can help market participants who must act quickly and confidently gain a competitive edgerdquo To learn more about OTCGHrsquos data products contact marketingeoxlivecom About OTC Global Holdings Formed in 2007 OTC Global Holdings is headquartered in Houston and New York with additional offices in Chicago Jersey City London and Louisville It has a dominant market share in North American natural gas natural gas liquids several US power markets crude oil and refined products agricultural and soft commodities and structured weather and emission derivatives Most recently it has significantly grown its presence in the European energy markets via its OTC Europe office in London The company serves more than 250 institutional clients including over 40 members of the Fortune 500 and transacts in hundreds of different commodity delivery points To learn more about the company please visit wwwotcghcom

November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer

In recent years data has taken the business world by storm The amount of information captured by enterprises along with a growth in technology has fuelled a global data explosion and its effects on industry have been substantial In a 2011 study the McKinsey Global Institute projected a 40 growth in global data generated per year the study also found that 88 of all sectors in the United States have more data stored per company than the US Library of Congress (MGI) The strain of burgeoning data is felt quite profoundly in the energy and commodities markets where analyzing and interpreting data has long been of high importance In the three decades since IBM released IBM 5150 one of the first widely successful personal computers available to consumers technology has developed at an increasingly accelerated pace (IBM) On January 1 1983 the National Science Foundationrsquos university network--the precursor to the World Wide Web--became operational (Wired) since that day the advancement and evolution of every aspect of technology has grown exponentially year after year As technology has become more and more sophisticated it has infiltrated nearly every aspect of our lives We have access to more information in the palm of our hands than previous generations could find in an entire library and our access to this data happens in the blink of an eye with the touch of a finger These rapid developments have had a profound impact on trading exchanges As early as 1986 while the internet was still in its infancy the Stock Exchange Automated Quotation system was implemented to take over processes that were previously done manually in that same year exchanges began transacting significantly more trade than ever before As Karl Flinder notes ldquojust before the meteoric impact of the SEAQ the average number of daily trades at the London Stock Exchange was 20000 After the introduction of automated trading that figure went up to a daily average of 59000 trades in only a few monthsrdquo (Computer Weekly) The SEAQ was merely a harbinger of what was to come Now trade floors utilize high-speed servers linked to exchanges through Ethernet cables High-frequency traders trade fractions of cents using algorithms making immense volumes

of trades each day In the high-speed trading game some estimates claim an advantage as small as a millisecond can be worth as much as $100 million per annum to a large brokerage (Information Week) In recent years exchanges have begun implementing extreme and costly measures to gain that millisecond advantage and reduce latency Data latency refers to the amount of time it takes for data to be stored or retrieved or the time in between data being entered and a user viewing the data (Big Data Imperatives 84) For high-frequency traders itrsquos the difference between a penny earned and a penny lost ldquoIf everyone has access to the same information when the market moves you want to be first The people who are too slow are going to be left behindrdquo says Alistair Brown founder of Lime Brokerage (Information Week) While this kind of down-to-the-millisecond information flow isnrsquot a common concern for most businesses the need to gain a competitive advantage through rapid access to data is becoming more of an issue in a variety of industries Many companies rely upon up-to-the-minute data to make trade decisions if they experience latency issues but their competitors do not they have lost the advantage Businesses that have the most current data are better equipped to make informed decisions In our information age rapid access to data has become increasingly important for corporations struggling to gain an advantage over their competitors

Survival of the Fastest In ldquoThe Origin of Speciesrdquo Charles Darwin explains that ldquoall beings are exposed to severe competitionrdquo and as a result ldquothe strongest live and the weakest dierdquo (The Origin of Species 76 297) Although Darwin was writing of organic beings many of the same tenets hold true for businesses Not all businesses will survive in fact it is natural and necessary for some to fail in order for their competitors to succeed Though speed is certainly not the most important component of survival it is a key factor An organizationrsquos ability to perform business functions faster and more efficiently than

November 2013

43 Back to Summary

InDepth

competitors means this business will be able to serve more customers complete more transactions publish the most current content more frequently analyze more data generate more insight and as a result generate more income If a business is able to achieve more than a competitor in the same amount of time this business will leave its competitor a little further behind each day As such technological development has a significant impact on a businessrsquos success If light-speed access to data becomes the norm in an industry any business that isnrsquot able to access or manage this data flow is obsolete Thus reduced latency either gives a business a competitive advantage or becomes an important problem a business must resolve Ultimately latency is an issue that cannot be ignored

Great Expectations The image of a fast-paced boisterous trading floor in a stock exchange is something of a cultural icon the New York Stock Exchange (NYSE) has been glamourized in movies and television and in many ways can be seen as representative of modern capitalism The excitement of the speed in the NYSE and the drama of the pressure mean that as far as data and trading goes this environment is certainly the most suited for storytelling As a result there is much more media coverage of issues surrounding this kind of trading As with so many aspects of media culture the more we are exposed to an idea the more it shapes our perceptions and expectations However when it comes to assessing business priorities it is important to be critical of the sources of our expectations Certainly there is a lot of media coverage of the NYSErsquos speed including articles like ldquoWall Streetrsquos Quest to Process Data at the Speed of Lightrdquo and ldquoWall Street Got Addicted to Light Speed Tradingrdquo the media talks a great deal about how high speed traders are leading the charge to eliminate data latency but these media outlets discuss very infrequently how data latency applies to a typical business Latency is a continuum It doesnrsquot simply apply to one extreme or another While high-speed exchanges may be willing to invest billions of dollars to make a fraction of a penny this kind of ultra-low latency is not only unrealistic for most businesses but also unnecessary It is important to distinguish between the latency requirements in an emotional event-triggered market and those of rational fundamental markets For the majority of businesses using big data latency has a more profound operational impact than quickening or slowing trades Outside the realm of high-frequency traders issues with latency primarily relate to the speed at which data can be put through various processes For example how efficiently can data be collected validated stored audited accessed transformed and analyzed Some businesses will require still more additional processes for their data and for each

process that the data must go through time is required

The Proliferation of Big Data Between April and June 2013 CompTIA surveyed over 1000 business professionals at US IT firms the results were published in the Big Data Insights and Opportunities study for 2013 The findings confirmed that data is taking on an increasingly important role in the business world Among the insights from this survey CompTIArsquos research revealed that

80 of executives feel that if their organization could harness all their data it would make their company much stronger

75 agree that data is among their firmrsquos greatest assets

42 claimed to already be involved in a big data initiative

(CIO)

The unprecedented availability of data along with inroads in technological development means that datarsquos role in the business world will only continue to advance Businesses that can properly take advantage of available data stand to gain tremendous insight into their continually-evolving markets Further as markets change the data influx intensifies The energy and commodities markets alone have seen a massive growth of data in the last decade A primary example of market changes creating more data is demonstrated in the impact of electricity markets transitioning from zonal to nodal measurement systems Nodes measure electricity usage per community instead of by region breaking up large zones into many smaller nodes to make the pricing model more granular For example when the Electric Reliability Council of Texas (ERCOT) transitioned to a nodal market the four zones that existed previously were broken up into over 4000 nodes (ZE Perspective) Prices that were previously calculated every fifteen minutes are currently calculated every five (First Choice Power) Going nodal isnrsquot the only market change that can influence data requirements As of March 2014 the Southwest Power Pool (SPP) will become an integrated marketplace introducing a number of new elements including a Day-Ahead market and Transmission Congestion Rights (TCRs) These changes will increase the amount of information available and as such there will be more data to capture and archive Moreover increased government regulation and political involvement in the global energy and commodities markets has led to the introduction of new markets Some of these markets --renewables for example-- require data in smaller and smaller granularities in order to forecast with any degree of accuracy These new markets and their data requirements affect existing markets and thus the energy and commodities sectors have been deluged with data

November 2013

44 Back to Summary

InDepth

When markets evolve more data is generated more frequently Hence the data demands of companies involved in these markets are growing as is the need for more efficient data storage If managed well real-time data can be greatly beneficial for organizations but if managed inefficiently this data influx simply creates more disorganization and chaos in a database New data is coming in every day sometimes as frequently as every second historic data must be archived meta-data must be retained processes systems and formulas must be documented Furthermore any prudent organization will back up their data and store it

Digging Through Storage A massive database that is constantly increasing will require multiple servers to archive the data for easy access Latency becomes a technical issue when assessing any type of storage device as there is a built-in expectation for some degree of latency when retrieving data from storage If this latency becomes excessive then it can become an operational threat multiple attempts to access data can create a bottleneck within the network that creates delays throughout the organization Hardware is certainly a component in reducing technical latency though some elements of hardware latency are beyond an organizationrsquos control For example if a business is located in New York and an employee is accessing data from a server in California physical distance will create some delay simply because ldquonetworking as with anything is subject to the laws of physics Light travels through a vacuum at 186000 mps but--due to the refractive index of glass or the electron propagation delay in copper--data slows down so that typical real-world numbers are closer to 122000 mpsrdquo (Cisco) Other types of hardware latency are easier for organizations to maintain such as network bandwidth provisions and Random Access Memory (RAM) ldquodepending on the type of RAM used access times can vary anywhere from 9 to 70 nanosecondsrdquo (Cisco) Bandwidth and RAM can be customized to some extent to suit business needs Both must be considered as they will affect the speed of data collection and the speed at which a user can access data that has been previously stored One of the most significant challenges businesses face in their efforts to reduce latency is inefficient database management It is fairly common for businesses to have many separate databases and various procedures for the collection and storage of their data In TATArsquos Big Data study this year business leaders responded that among their top concerns surrounding data is the tendency for departments to form data silos data is isolated according to department and employees are not sharing or communicating data between departments (TATA)

Further without a uniform collection process data may be stored in different formats and may be difficult to organize Aside from creating major inconsistencies and errors having multiple databases and many copies of the same data slows everything down The more efficiently organized a database is the more efficiently it runs A business must have an organized data base if it is to master latency issues Having a golden source--a single centralized database for all departments and all employees--reduces the size of the data base As the size of the database diminishes so does the time required to process it Time-consuming manual processes must also be minimized wherever possible Many processes increase the time between data being collected and made useful for a business including databases maintained as spreadsheets that require integration into another program for manipulation data that requires manual validation and metadata that must be manually entered in order to keep an audit trail For companies in the energy and commodities markets the most sensible way to reduce latency is with an integrated approach to data management This means having an efficiently organized centralized database and hardware suited to the needs of the business Business leaders must look to optimize efficiency of their databases by automating data collection and centralizing this data in a single optimized database Automation of these processes streamlines data collection activities by scheduling internal and external data capture according to a businessrsquos needs The performance and processes used by an automated data parser to collect data are up to a userrsquos discretion if it isnrsquot business-critical for an organization to have data every minute automated data parsers may be set to gather data every five minutes A golden data source ensures that information is in the right place in the right format and available at the right time--eliminating common problems companies often face from inefficient data management processes including high support costs delays in data collection data gaps input errors and duplication in effort

Weathering the Storm While big data certainly presents challenges businesses that effectively meet these challenges will be rewarded with great opportunities Making use of the surplus of information available is increasingly critical for companies as this has become a pivotal advantage in outperforming competitors Participants in the energy and commodities markets have certainly faced a surge of incoming data but those that manage to harness it will be poised for strong increases in productivity insight and financial gain

November 2013

45 Back to Summary

About ZE PowerGroup Inc ZE is an experienced software and strategic consulting firm that combines energy industry expertise with advanced software development capabilities The company possesses deep industry knowledge and comprehensive operational experience ZE is the developer of ZEMA Suite a sophisticated Enterprise Data Management and Analysis solution built to meet the specific challenges of energy and commodity market participants About ZEMA ZEMA is an enterprise data management suite designed for collecting data and performing complex analysis ZEMA replaces fragmented data collection and analysis processes with a sophisticated unified and automated data management system Each ZEMA component can perform as an independent product this means greater flexibility when integrating ZEMA into your organization ZEMA is consistently ranked 1 for preferred system 1 for ease of system integration and 1 for customer service ZEMA is easy to use and backed by our support team around the clock Disclaimer ZE DataWatch is a report comprised of data updates and expectations for energy and commodity markets powered by ZEMA The information contained in ZE DataWatch is for information purposes only Although ZE PowerGroup believes the information in this report is correct and attempts to keep the information current ZE PowerGroup does not warrant the accuracy or completeness of any information Information in this report is not intended to provide financial legal accounting or tax advice and should not be relied upon in that regard ZE PowerGroup is not responsible in any manner whatsoever for direct indirect special or consequential damages howsoever caused arising out of the use of this report

November 2013

2

Summary

Editorrsquos Letterhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip4

A discussion of trends in the electricity market pertaining to private and disintegrated electric utilities could fill a long research paper crammed with complex industry-specific jargon like ldquovertical integrationrdquo ldquorestructuringrdquo ldquounbundlingrdquo and ldquomarket mechanismsrdquo Comparative analysis of rates and the reliability of systems and services lsquobeforersquo and lsquoafterrsquo are certainly relevant topics but for now I will resort to discussing only a tiny part of the otherwise overwhelming gigantic topic of deregulation and disintegration in the electric power industry

Power Markets 6

Italian Power Futures Traded for the First Time on EEX First Trade Registered in Romanian Power Futures on EEX The ISO Board of Governors Approves Western Energy Imbalance Market Design ICE Futures US Lists New US Power Futures MISO Launches Results of First Multi-Period Monthly Financial Transmission Rights Auction Argus European Electricity Discontinues EFA Codes Platts Changes Methodology for M2MS Power Assessment Platts Proposes to Change European Power Day-Ahead Close Platts Transitions to Gregorian Calendar Argus European Electricity Updates Codes in ldquoEFArdquo Category

Fossil Fuel Markets 9

Argus Adds Assessments to Argus DeWitt Chinese Benzene Daily Argus Updates Argus DeWitt Chinese Benzene and Derivatives Argus Adds New NGL Americas Assessments Argus Adds New Propane Assessments to DPG and DPGUS Files Argus Adds New Natural Gas Assessments for Florida Argus Adds New Swap Singapore Assessments Argus Introduces Argus Russian MTBE Data Platts Launches Zeebrugge Day-Ahead Flow Date Codes Platts Launches Daily Caribbean-East VLCC Assessments Platts Confirms Launch of Black Sea-Mediterranean Assessment Platts Confirms Launch of Clean Baltic-UKC Assessment Platts Confirms Launch of UKC-West Africa Assessment Platts Confirms Launch of USGC FOB Naphtha Assessment Quality-Specific Natural Gas Products Launched in PEGAS Dalian Commodity Exchange Lists New Coal and Iron Ore Contracts for Trade Genscape Launches Canadian Crude Oil Production Forecast ICE Futures Europe Adds Oil and Natural Gas Futures and Options New Petroleum Futures Available on CME Globex NYMEX Permits Block Trading in New Natural Gas Futures NYMEX Permits Block Trading in New Petroleum Futures NYMEX Adds a Fourth Trade at Settlement Contract Month for Select Products EIA Releases a New Monthly Drilling Productivity Report Argus Discontinues an LNG Assessment Argus Discontinues Two Coal Assessments Changes to Argus Coal Daily Assessments NYMEX Delists Three Natural Gas Futures Contracts Argus Announces Changes to JJampA Global Methanol Report Argus Changes Gasoline Descriptions

Argus Adds Averages to DeWitt Fuels and Octane Report Platts Changes Methodology for M2MS Gas Assessment Platts Changes Methodology for PFC Natural Gas Assessment Platts Requests Comments on Singapore Gasoline Parcel Size ICE Brent Transitions to Month-Ahead Expiry Calendar NYMEX Updates Information about Ten New Natural Gas Fixed Price Futures Contracts

Agriculture Forestry and Metal Markets 17

Argus Introduces FMB North American Sulphur and Sulphuric Acid Data Platts Introduces Daily Low Alumina 58-Fe Iron Ore Assessment Platts Creates Three Weekly Price Assessments for Russian Market Steel Energy and Metals Swaps on CME SEF Dalian Commodity Exchange Lists New Soybean Corn and Egg Contracts for Trade DCE to Amend ldquoDCE Egg Futures Contractrdquo Platts Proposes to Update Japan Bulk Alloys Price Assessments NCDEX Modifies Contract Specifications for Steel Long Futures Contracts Argus Adjusts Weekly North American Fertilizer Series CME Group Amends Grain and Oilseed Calendar Spread Options LME Clear Partners with DTCC to Provide Trade Reporting Service Bursa Malaysia Derivatives and Dalian Commodity Exchange Extend Their Partnership Agreement for a Further Three Years

Environmental Markets and Weather Services 21

NOAA Launches a New Instrument to Measure the Sunrsquos Energy Output Marine Weather Forecasts Now Available from AccuWeather ICE Suspends ICE ERU Futures AccuWeather Acquires Sky Motion Research Inc

FX Interest Rates Credit and Equity Indexes 23

Deutsche Boumlrse Announces Launch of Xetra Release 140 Deutsche Boumlrse Introduces Four New ETFs Strate and Clearstream Launch a Centralized Collateral Management Service for South Africarsquos Financial Market New SPDR Equity Index Launched on Xetra CME Introduces New Offerings on Three-Month Eurodollar Futures CME Group Introduces Eurodollar Three-Year Weekly Mid-Curve Options CME Group Approves Block Trading in E-Mini NASDAQ Biotechnology Index Futures Nadex Adds EURGBP and AUDJPY Forex Pairs EBS Direct Launches Commercial Service LCHClearnetrsquos ForexClear Launches Buy-Side Clearing of FX Derivatives NYSE Euronext US Options to Begin Trading Options on TWTR CME Group Expands Listings of Contract Months for Standard and Mid-Curve Eurodollar Options Deutsche Boumlrse Purchases a Minority Stake in GMEX Group MIAX Options Exchange Enters Information Sharing Agreement with JSE of South Africa

November 2013

3

Other Matters 30







November 2013

4 Back to Summary

Editorrsquos Letter



November 2013

5 Back to Summary






Editorrsquos Letter


Olga Gorstenko

November 2013

6 Back to Summary

Power Markets
























November 2013

7 Back to Summary

Power Markets






















November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

3

Other Matters 30







November 2013

4 Back to Summary

Editorrsquos Letter



November 2013

5 Back to Summary






Editorrsquos Letter


Olga Gorstenko

November 2013

6 Back to Summary

Power Markets
























November 2013

7 Back to Summary

Power Markets






















November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

4 Back to Summary

Editorrsquos Letter



November 2013

5 Back to Summary






Editorrsquos Letter


Olga Gorstenko

November 2013

6 Back to Summary

Power Markets
























November 2013

7 Back to Summary

Power Markets






















November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

5 Back to Summary






Editorrsquos Letter


Olga Gorstenko

November 2013

6 Back to Summary

Power Markets
























November 2013

7 Back to Summary

Power Markets






















November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

6 Back to Summary

Power Markets
























November 2013

7 Back to Summary

Power Markets






















November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

7 Back to Summary

Power Markets






















November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

8 Back to Summary

Power Markets















November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

9 Back to Summary

Fossil Fuel Markets







PA-Code Description








PA-Code Time Stamp









PA-Code Time Stamp








November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

10 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp



















November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

11 Back to Summary

Fossil Fuel Markets






















November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

12 Back to Summary

Fossil Fuel Markets







DPX-DRB Dubai 1st




st Line

Mini Future











st Line Future





Chapter


MEB 1239


MXR 1242


MXB 1243



November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

13 Back to Summary

Fossil Fuel Markets



Product Title
















Product Title







Code ClearingGlobex


Schedule













November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

14 Back to Summary

Fossil Fuel Markets





PA-Code Time Stamp








PA-Code Time Stamp











November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

15 Back to Summary

Fossil Fuel Markets




Rule Chapter


N8 458


C6 749


TA 769























New Description








PA-Code Time Stamp

Price Type

Description










November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

16 Back to Summary

Fossil Fuel Markets

Fossil Fuel Markets













November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

17 Back to Summary












Contract Title

Commodity Code




20 Gross Tons





November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

18 Back to Summary






















November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

19 Back to Summary





PA0009850


PA0009850


PA0009850


PA0010816


PA0010816


PA0010816


PA0010817


PA0010817


PA0010817


PA0010818


PA0010818


PA0010818


PA0010819


PA0010819


PA0010819


PA0010821


PA0010821


PA0010821


PA0010822


PA0010822


PA0010822




3 quarter

PA0010823


PA0010823







10J 7CC


10J 3CC


11E S8C


11E SC0


11E SC1


11E SC3


12B OC4


12B OC5


12B OC3


13B SM4


13B SM5


13B SM3


14D CW3


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

20 Back to Summary






November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

21 Back to Summary












November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

22 Back to Summary


































November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

23 Back to Summary















November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

24 Back to Summary














Weekly 3 PM





November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

25 Back to Summary










November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

26 Back to Summary












November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

27 Back to Summary










November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

28 Back to Summary








Code ClearingGlobex










1K-5KE01-E05





November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

29 Back to Summary










November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

30 Back to Summary

Other Matters











November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

31 Back to Summary

Other Matters













November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

32 Back to Summary

Other Matters



November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

33 Back to Summary




1 A report from the


1 On


2 Under the






2




November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

34 Back to Summary



1 Total natural gas


st


1



1 On the other side




1


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

35 Back to Summary





and 24










3


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

36 Back to Summary

















River Level


Water Level





Capability Report
































MISO Rate Forecast










NAR REC Projects





NOAA Point Forecast

NOAA NOW Data

NOS Closing Prices




OPIS Closing Net



November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

37 Back to Summary



















SNL Instrument Data
























USDA FAS NDVI















previous year MWh


(Base Peak) EuroMWh

DEAT 21670182 20776386 3768 4808

FR 5164180 5543422 4454 5782

CH 1500777 1419763 4362 5680



November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

38 Back to Summary





MWh

DEAT 1754547 1314136

FR 267372 251095

CH 83906 0








November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

39 Back to Summary





GASPOOL 2292690 1249020

NCG 3485075 1653068

PEG Nord 4609160 2557380

PEG Sud 3067560 199200

PEG TIGF 25020 na

TTF 1713064 1635670

Total 15192569 7294338

Indices


in EURMWh)


25493 27271


25706 27191


2559 2780 2520 2797


2630 3079 2559 3117


24600 28250

Derivatives Market


EURMWh)


27110


27055


27159


2755


2924


2698



November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

40 Back to Summary






November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

41 Back to Summary




November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

42 Back to Summary

InDepth


By Erynn Reitmayer




November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

43 Back to Summary

InDepth








(CIO)


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

44 Back to Summary

InDepth





November 2013

45 Back to Summary


November 2013

45 Back to Summary


noaa instrument italian power nyse: ice acquires argus … · 2015-01-30 · cme group amends grain...

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