DataWatch July 2015

By Olga Gorstenko, Editor-In-Chief [email protected]

Natural Gas Coasts Along,

while Other Energy Markets Test Rollercoasters

New products and data sources

Delisting of products and data sources

Potential impacton data

Changes to data attributes, replacement of products

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JULY 2015

Summary

July 2015

Contents

Editorial 5 Natural Gas Coasts Along, while Other Energy Markets Test Rollercoasters 5

Power 7 CME Begins Trading New European Power Contracts 7Nodal Exchange Launches New PJM Power Contracts for Residual Aggregate Zones 7California ISO Board Enables Aggregated Rooftop Solar to Participate in Wholesale Market 7ISO-NE Revises Real-Time Fuel Mix Chart for Dual-Fuel Power Plants 8Tradition Energy Launches Service to Reduce Transmission and Capacity Charges 9NYMEX Amends Numerous Electricity Products 9

Petroleum 12 Platts to Launch Rotterdam 0.1% Bunker Fuel Assessment 12Platts to Launch CFT Singapore Naphtha Assessment 12Platts to Launch New Americas Clean Tanker Assessments 13Platts Publishes New West African Crude Oil Assessments 14Platts to Launch Full Calendar Month Russian Domestic Crude Netbacks 15Argus Adds US Gasoline Assessments 16CME Expands Listing Schedule of Numerous Low Sulfur Gasoil Related Futures 16Platts to End North America and Panama 1% Sulfur Bunker Assessments 18Platts to End Two US Chemical Grade Propylene Assessments 19Platts Discontinues Canadian Crude Oil Postings 19Platts Ends Falmouth Ex-Wharf Bunker Assessments 20Argus Stops Russian Methyl Tertiary Butyl Ether Assessment 20Platts to Change Mediterranean Urals Crude Cargo Sales Conditions 20Argus Changes Code Description for NWE Naphtha Barge Assessment 21CME Expands Listing Schedule for RBOB Gasoline Futures Contract 21

Natural Gas 22 EIA Begins Publishing Monthly Base Gas Levels in Underground Natural Gas Storage 22EIA Expands Coverage of Natural Gas Production to Include Data for 10 Additional States 23Platts Publishes Day-Ahead Gas Flow-Date Monthly Average Data 23

Coal 26Platts Launches China Coal Assessments Series 26Platts Launches Coal Averages and Open Interest for CAPP and PRB Futures 27Argus Introduces Australian, Chinese, and Indian Coal Assessments 27Platts Stops Metallurgical China Coal Index 28Platts Discontinues Thermal China Coal Index 31Platts Stops Publishing OTC Broker Index Average 32Platts Discontinues CAPP 1% vs. Compliance Spread 32

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July 2015

Softs and Metals 33SOFTS 33 Platts to Add US Soybean Heating Oil Spread 33Argus Introduces New US Biodiesel Freight Assessment 33Euronext to Launch Wood Pellet Futures 34Platts to End FOB Singapore Ethanol Assessments 34METALS 34Platts Launches CIF South Korea Aluminum Premium 34Argus Adds Titanium Concentrate Assessments 35Argus Launches Argus Ferro-Alloys Report and Data Feed 35Argus Introduces Argus Black Sea Steel Report and Data Feed 36COMEX Expands Listing Schedule for US Aluminum Futures Contract 38Platts to Discontinue Chinese FOB Ferromanganese and Silicomanganese Assessments 38Platts Discontinues Daily Aluminum Tokyo Kerb Prices 38Platts Ends Some Chinese Steel Assessments 39TOCOM Signs LBMA Good Delivery List Agreement for Gold and Silver Bars 40Platts Amends In-Warehouse Singapore Premium Aluminum Weekly Assessments 40

Finance 41CBOE Lists VIX Weeklys Futures 41OShares Launches Smart-Beta ETF on NYSE 41Nasdaq and KBW Launch Global Bank Index 42Nasdaq Launches Index Calculation System 42Eurex Launches STOXX Global Select Dividend 100 Index Futures and Options 43Europes First ETF on Chinese Government Bonds Launched on Xetra 43Five Lyxor Factor ETFs Launched on Xetra 44Nine State Street ETFs Launched on Xetra 45New iShares ETF Provides Access to Euro-Zone Equities with Hedging against US Dollar 46

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4July 2015

Summ

aryFinance 46New Amundi Bond Index ETF Tracks Corporate Bond Performance 46GMEX to Launch Euro-Denominated IRS CMF on Eurex 47TAIFEX Launches RMB FX Futures and Two New ETF Futures 47Societe Generale Lists New Open-End Product Range on Euronext Brussels 48Deutsche Brse Begins Hosting Irish Stock Exchanges Trading Surveillance System 48DME and ADX Embark on Collaboration 49Euronext Signs MOU with ICBC 49

Weather and Emissions 50AccuWeather Launches MinuteCast Feature Providing Detailed Precipitation Forecasting 50CME Delists Certain Monthly and Seasonal HDD/CDD Contracts 50

News from Data Vendors 51ZEMA Adds Oil, Natural Gas, Metal, Financial, and Statistics Data in July 51Powernext Publishes the French Residual Mix for 2014 51EPEX SPOT and ECC Successfully Reduce Lead Time on All Intraday Markets 53EOXLive Active Markets Video Demonstration Now Available 54

Monthly Market Analysis 55Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX) 55Crude Oil Brent vs. WTI: Forward Curve (NYMEX) 56North American Natural Gas Spot Prices (NYMEX) 57Henry Hub Natural Gas Forward Curve (NYMEX) 58Actual Weather (AccuWeather) 59Electricity: Day-Ahead Prices (ICE) 60Gold and Silver Daily Prices (CME) 61Wheat Futures Forward Curve (CME) 62

Natural Gas Coasts Along,

while Other Energy Markets Test Rollercoasters

July 2015

By Olga Gorstenko, Editor-In-Chief [email protected]

5

I do not recall more confusion and misalignment in the energy sector as is happening now. Any correlation and interdependency that existed previously among oil, coal, natural gas, and electricity markets seem to have evaporated; a multiplicity of independent events drive each one in various, sometimes opposing, directions, and who knows how much farther apart from each other they will end up. The power industry goes through the largest ever restructuring process since first setting its pace towards open competition. Oil markets touch the barrels lowest price. Against this background, natural gas is a well behaving child with low volatility and a bright future (at least as it seems now). And not surprisingly, data reports and data sources supporting each one of these markets are impacted in different ways.

Oil markets are expanding stocks while shrinking human resources and investments. Publications for the oil industry are generously sharing advice from career experts on how to manage or survive layoffs. This is not shocking: announcements from Chevron and Statoil have stated that each is cutting their labor force by 1,500, Centrica by 6,000, Shell by 6,500, and Saipem by 8,800. Slowly sliding into depression, oil folks are firmly residing at the two bottom layers of the Maslows pyramid. Such a dismal picture does not leave much room for focusing on data and data management issues.

Electric power markets, on the other hand, seem to have a whole host of open-ended questions on how to manage upcoming challenges in general and data management. The impact from upcoming structural changes in generation mix and increase in distributed generation accompanied by microgridding of the distribution system has not been properly assessed and quantified. Meanwhile, we are standing right at the verge of the largest system revamp ever with

Editorial

July 2015

no clear comprehension of the nature and expanse of these changes. What we know for sure is that there will be new entities, new types of market players, partnerships, and alliances, and behind-the-meter data will be have to be available to the system operators all of this erasing the borders between transmission and distribution systems. All of these factors will augment complexities in data management faced by any desk dealing with data, whether in analytical, trading, or risk management functions. It is not happening tomorrow. Even though they are of massive proportions, these changes are currently pending and prospective. For now, without clear regulatory direction, electricity markets players are not so sure about the massive data wave that is about to wash away everything theyve known about data management as it relates to the industry.

Compared to its counterparts, the natural gas market is enjoying peace and quiet with stable prices and no hurricanes in sight. Unconventional gas exploration continues rising. Maybe a bit too much production is taking place though, with more fields entering the production inventories. Not yet facing an oil-like dilemma with supply outpacing demand, natural gas is looking into expanding storage capacities, just in case. These trends are mirrored by natural gas data coverage.

In July only, EIA augmented its reporting in several categories. The most noticeable one is geographic expansion with the addition of monthly natural gas production for ten states. Alaska, Louisiana, New Mexico, Oklahoma, Texas, Wyoming, and the Federal Gulf of Mexico are now joined by Arkansas, California, Colorado, Kansas, Montana, North Dakota, Ohio, Pennsylvania, Utah, and West Virginia. With this change, EIAs reporting now represents nearly 90% of the total US natural gas production, on a more granular level.

EIA also commenced releasing new data sets on underground natural gas storage. EIA even went into an explanation of the rationale behind reporting base gas levels and the drivers affecting them. Thus, base gas is a certain level of gas, not usually used for commercial purposes, that is required to maintain pressure in reservoir in order to support integrity of facilities. This level varies, depending on the geologic properties of storage facilities. Salt reservoirs can reach 30% of total capacity; in nonsalt reservoirs, 50% of capacity is base gas. The actual base volumes differ from the capacity levels especially for salt facilities, which are more stable and have less stringent requirements. In some cases, base gas can be displaced with liquids or temporarily transferred for engineering reasons. This data is being published now. Furthermore, EIA also promised that later in 2015 other data reports on storage markets will be added to weekly, monthly, and annual publications. As long as unconventional gas recovery revolutionaries remain on the side of peace and quiet without crossing the border that separates abundance from excess, growing storage capacities will likely be the main challenge for them to handle. 30 and zinc > 15; or calcium > 30 and phosphorus > 15), H2S 2ppm max.

The assessment would reflect fuel loading on a delivered basis, one to eight days forward from the date of assessment. The minimum stem size would be 200 mt and the maximum stem size would be 1,000 mt. See the original announcement.

With ZEMA you can access more than 300 reports on petroleum from Platts. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data.

Platts to Launch CFT Singapore Naphtha AssessmentEffective September 1, 2015, Platts will launch a CFR Singapore naphtha assessment. This is in line with the significant growth of naphtha imports into Singapore, with a significant volume used for blending into gasoline grades.

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The new assessment will reflect cargoes delivering into any approved Platts FOB Straits terminal 15-30 days ahead of the date of publication and of parcel size in the range 50,000 to 150,000 barrels. Platts would publish the assessment as both an outright value and as a differential against the FOB Singapore Naphtha MOPS Strip.

This assessment will be published on Platts Global Alert, Platts Asia-Pacific/Arab Gulf Marketscan, and in the Platts price assessment database.See the original announcement.

The ZEMA graph below shows the change in prices of Singapore naphtha over the last 12 months. Data: CME NYMEX Futures Settlement. Leverage ZEMAs sophisticated analytical functionalities to make more informed trading decisions about global naphtha. To learn more, book a complimentary ZEMA demonstration.

Graph created with ZEMA

Platts to Launch New Americas Clean Tanker AssessmentsEffective September 1, 2015, Platts intends to launch six new medium range (MR) clean tanker assessments from the United States and Canada. The new assessments would reflect established trade routes for clean products out of these regions, and would be based on modern MR tonnage.

Each assessment would be published on a lump-sum basis and expressed as US dollars per voyage, to reflect how these routes are traded. Platts would also publish the equivalent US dollar per metric ton value for these routes.

The following new assessments are under consideration:

US Gulf Coast to East Coast Mexico: This assessment would reflect the US Gulf Coast to East Coast Mexico route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from the US Gulf Coast such as Port Arthur, Houston, and the Galveston Lightering and Anchorage area, and discharge at ports including Coatzacoalcos (Pajaritos) and Tuxpan.

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US Gulf Coast to Chile: This assessment would reflect the US Gulf Coast to Chile route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from US Gulf Coast ports such as Port Arthur, Port of South Louisiana, and Houston, and discharge at ports including Quintero, Mejillones, and Iquique.

US Gulf Coast to Pero: This assessment would reflect the US Gulf Coast to Peru route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from US Gulf Coast ports such as Houston, Pascagoula, and Corpus Christi, and discharge at ports including Callao and La Pampilla.

US Gulf Coast to Ecuador: This assessment would reflect the US Gulf Coast to Ecuador route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from US Gulf Coast ports such as Texas City, Houston, and Corpus Christi, and discharge at the ports of La Libertad and Esmeraldas (Balao).

US Gulf Coast to Caribbean: This assessment would reflect the US Gulf Coast to Caribbean route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from US Gulf Coast ports such as Houston, Port Arthur, Port of South Louisiana, and Corpus Christi, and discharge at ports including Puerto Prodeco, Cartagena, and Barranquilla in Colombia; Jose in Venezuela; St Eustatius; Rio Haina in Dominican Republic; Kingston in Jamaica and St Lucia.

East Coast Canada to US Atlantic Coast: This assessment would reflect the East Coast Canada to US Atlantic Coast route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from ports such as Saint John and Whiffen Head (Come By Chance) and discharge at ports including Boston, Portland, and New York.See the original announcement.

ZEMA collects more than 600 petroleum data reports from North America alone. To find out how ZEMA integrates this data with downstream systems, visit www.ze.com/the-zema-solutions/integration.

Platts Publishes New West African Crude Oil AssessmentsOn August 1, 2015, Platts began publishing daily assessments for four new West African crudes. The new assessments have been launched for two Nigerian grades, one Chadian grade, and one Ghanaian grade.

Platts will publish assessments for Nigerias Erha and Usan. Erha is a light sweet crude oil grade produced offshore Nigeria. Production is currently around 100,000 b/d from the Erha FPSO.

Usan is a medium sweet grade with a current production rate of around 110,000 b/d. It is produced offshore Nigeria from the Usan FPSO, which has a capacity of 180,000 b/d.

Platts will also publish assessments for Chads Doba grade. Doba is a heavy sweet acidic crude oil grade produced primarily in the south of the country. Its production is currently around 100,000 b/d, loaded from the Kome-Kribi terminal offshore Cameroon.

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Finally, Platts will publish assessments for Jubilee crude, produced offshore Ghana. Jubilee currently has production of around 100,000 b/d and is produced and loaded from the Kwame Nkrumah FPSO.

Specifications, nameplate production, operators, and equity partners for all the crudes mentioned above are listed below.

Crude API (deg C) Sulfur (%) Maximum capacity (b/d) Operator

Doba 21.1 0.10 225,000 ExxonMobil

Jubilee 37.6 0.25 120,000 Tullow Oil

Erha 38.6 0.16 210,000 ExxonMobil

Usan 30.7 0.26 180,000 Total

Crude Equity Partners:

Doba: ExxonMobil, Glencore, Petronas, CNPC, SHT

Jubilee: Tullow Oil, Kosmos Energy, Anadarko, GNPC, PetroSA

Erha: ExxonMobil, Shell, NNPC

Usan: Total, Chevron, ExxonMobil, Nexen, NNPCSee the original announcement.

Platts to Launch Full Calendar Month Russian Domestic Crude NetbacksOn July 21, 2015, Platts announced its intention to launch a series of new Russian domestic crude netbacks that reflect the Russian crude export duty on the basis of a calendar month. The full calendar month assessments will be in line with the prevailing practice for formula-based contracts.

Platts intends to start publishing netback values for Urals crude oil, FIP at the Surgut supply point in Western Siberia, as well as netback values for 10 other delivery points inside Russia based on the pipeline tariff differential versus Surgut. In addition to the Surgut netback, Platts intends to publish netback values for Moscow, Nizhnevartovsk, Samara, Volgograd, Novorossiisk, Nizhniy Novgorod, Ryazan, Ufa, Yaroslavl, and Primorsk.

The primary Surgut netback value will be derived by subtracting local transportation and trans-shipment costs as per the existing netback, but the export duty will be applied over the course of the calendar month. Platts would continue to publish its current crude netbacks which start reflecting the export duty for the following month as soon as it is announced by Russias finance ministry and which are followed as a gauge on the spot trading market.

Platts would re-label these existing crude netback assessments as Mid-month export duty applied under the existing header of Russian domestic crude oil assessments and

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netbacks (Rb/mt). Platts would label the new calendar month netback assessments as Full calendar month export duty applied under the same existing header of Russian domestic crude oil assessments and netbacks (Rb/mt).See the original announcement.

ZEMA collects dozens of reports on crude oil from the Eurasian region. ZEMA can then use this data to create sophisticated analyses and forward curves. To learn what ZEMA can do for you, book a free demo at www.ze.com/book-a-demo.

Argus Adds US Gasoline AssessmentsOn July 6, 2015, Argus added the series below to the Argus US Products data module. These changes apply to the dhp and dhps .csv files in the DUSPR folder of ftp.argusmedia.com. The following daily codes have time stamps of 2 and continuous forwards of 1.

PA-code Price type DescriptionDifferential basis

Unit Category

PA0016910 4, 49

Gasoline reg CBOB Colonial A pipe fob lowest RVP not 7.8 or 7.0 wtd avg cycle

Nymex Gaso-line RBOB

USC/USG>Products> Gasoline> US Colonial pipeline

PA0016911 8

RVP value gasoline 87 conv Colonial M pipe fob lowest RVP not 7.8 or 7.0 wtd avg cycle

- psi>Products> Gasoline>RVP

PA0016912 8

RVP value gasoline reg CBOB Colonial A pipe fob lowest RVP not 7.8 or 7.0 wtd avg cycle

- psi>Products> Gasoline>RVP

PA0016913 4, 49Gasoline 87 conv Colonial M pipe fob lowest RVP not 7.8 or 7.0 wtd avg cycle

Nymex Gasoline RBOB

USC/USG>Products> Gasoline> US Colonial pipeline

See the original announcement.

CME Expands Listing Schedule of Numerous Low Sulfur Gasoil Related FuturesEffective July 26, 2015, the New York Mercantile Exchange, Inc. (NYMEX) expanded the listing schedule of 17 low sulfur gasoil related futures contracts as detailed in the table below. These contracts are listed for trading on CME Globex and are available for submission for clearing through CME ClearPort.

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Product Name

NYMEX Rule-book Chapter

Current Listing Schedule

Proposed Listing Schedule

CME ClearPort code

CME Globex code

Mini ULSD 10ppm Cargoes CIF MED (Platts) vs. Low Sulphur Gasoil Futures

231

Monthly contracts shall be listed for the current year plus 1 year.

Monthly contracts shall be listed for the current year plus the next 2 calendar years

UCM UCM

Mini European Jet Kero Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures

232



MJC MJC

Mini European Jet Kero Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures

233



MJB MJB

Mini Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures

235



MGF MGF

Jet Aviation Fuel Cargoes FOB Med (Platts) vs. Low Sulphur Gasoil Futures

417



1V A1V

Low Sulphur Gasoil Mini Financial Futures

531



QA AQA

Gasoil 0.1 Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures

533



WQ AWQ

Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures

537



TU ATU

Gasoil 0.1 Cargoes CIF MED (Platts) vs. Low Sulphur Gasoil Futures

547



Z5 AZ5

ULSD 10ppm CIF MED (Platts) vs. Low Sulphur Gasoil Futures

549



Z7 AZ7

European Low Sulphur Gasoil (1000mt) Bullet Futures

561



BG BG

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Product Name

NYMEX Rule-book Chapter

Current Listing Schedule

Proposed Listing Schedule

CME ClearPort code

CME Globex code

European Diesel 10 ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures

718



ET AET

Jet Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures

722



JC HJC

Jet Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures

723



JR AJR

Singapore Gasoil (Platts) vs. Low Sulphur Gasoil Futures

724



GA AGA

Mini European Diesel 10 ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures

737



MUD MUD

Mini Gasoil 0.1 Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures

745



MGB MGB


Platts to End North America and Panama 1% Sulfur Bunker AssessmentsAs of December 1, 2015, Platts will discontinue the publication of its North America and Panama 1% sulfur bunker fuel assessments. Platts assesses 1%S, or low-sulfur, bunker fuel on delivered and ex-wharf bases in Houston, New Orleans, New York, Philadelphia, Savannah, Charleston, Norfolk, Montreal, Vancouver, Seattle, Portland, San Francisco, and Los Angeles in North America, and in the Panamanian ports of Balboa and Cristobal. The discontinued assessments fall under the following categories: IFO 380 CST delivered, IFO 180 CST delivered, IFO 380 CST bunker ex-wharf, and IFO 180 CST bunker ex-wharf.

Since January 1, 2015, ships operating in the Emissions Control Area within 200 nautical miles of North American shores must use bunker fuel with a maximum sulfur content of 0.1%, down from 1%, according to International Maritime Organization rules. The maritime industrys shift away from 1%S bunker fuel consumption has effectively ended virtually all demand for the product, and as a result it is no longer offered for sale on a typical basis in any

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of the regions ports, meaning there is no longer an observable market on which Platts can base its assessments.

Although some companies have waivers to use non-Emission Control Area-compliant fuels, the fuels being consumed typically have sulfur contents between 2%-3.3%, according to the US Coast Guard and US Environmental Protection Agency, which collectively enforce the IMO regulations in North America.

Platts will continue to publish assessments for 0.1%S marine gasoil, or MGO, for all its existing American ports, alongside ultra-low sulfur, 0.1% bunker fuel assessments in New York and Houston.See the original announcement.

Platts to End Two US Chemical Grade Propylene AssessmentsOn October 30, 2015, Platts plans to discontinue its weekly US chemical grade propylene spot assessments due to a lack of liquidity in the market.

Affected assessments and codes:

Propylene Chem Grade FD USG cts/lb Weekly spot -- PHAXI04 Propylene Chem Grade FD USG cts/lb MAvg -- PHBCO03

The assessments are also currently published in the Platts Petrochemical Alert.See the original announcement.

Platts Discontinues Canadian Crude Oil PostingsAs of July 31, 2015, Platts discontinued all remaining Canadian crude oil posted prices. This discontinuation came as a result of Flint Hills Resources ceasing to post prices for Bitumen at Hardisty, Hardisty Cold Lake Blend, and Edmonton Condensate, removing the last available postings data from those markets.

The following symbols have been discontinued:

PCAII00 - Lt/Sr Cromer Canada C$/CM PCAIK00 - Lt/Sr Cromer Canada PCAEY00 - Bow River-Hardisty Canada C$/CM PCAFB00 - Bow River-Hardisty Canada AAFDJ00 - Bow River-Hardisty Canada MAvg AAFZP00 - Bow Rvr-Hardisty 1Mo MAvg C$/CM AAIIV00 - Bow River Hardisty Canada WAvg PCAFB03 - Bow River Hardisty 1Mo MthlyCl PCAIJ03 - Lt/Sr Cromer Canada C$/CM MAvg PCAIL03 - Lt/Sr Cromer Canada MAvg

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Platts published these posted prices in the Oilgram Price Report, Oil Arbitrage Wire, and on Platts Global Alert pages 252 and 253.See the original announcement.

Platts Ends Falmouth Ex-Wharf Bunker AssessmentsEffective July 1, 2015, Platts discontinued its Falmouth ex-wharf bunker fuel assessments of high and low sulfur 380 and 180 CST and marine gasoil (3.5% sulfur IFO 380 CST, 3.5% suflur IFO 180 CST, 1% sulfur IFO 380 CST, 1% sulfur IFO 180 CST, MGO DMA 0.1%).

The discontinuation reflects the changing market conditions within the Northwest European bunker market where Platts has observed diminished market liquidity at Falmouth.

These assessments were published on Platts Marine Alert, Platts Bunkerwire, and the Platts price assessment database under the codes of PUAFC00, PUACW00, AASUK00, AASUL00, and POACU00, respectively.See the original announcement.

Argus Stops Russian Methyl Tertiary Butyl Ether AssessmentEffective July 20, 2015, Argus stopped the following code for TAME fca Novokujbyshevskaya in Argus (Argus Russian MTBE). This series has been stopped in DMTBER data module in /DMTBER folder of ftp.argusmedia.com. The weekly assessment has a time stamp of 0, a continuous forward of 0, and is in RUB/t.

PA-code Price type Description Differential basis

Category

PA0013181 1, 2 TAME fca Novokujbyshevskaya - >Products>Blendstocks


Platts to Change Mediterranean Urals Crude Cargo Sales ConditionsEffective January 4, 2016, Platts is proposing to amend the conditions under which Mediterranean Urals crude cargoes can be sold against specific loading dates in the Platts Market on Close assessment process, in line with changing trading practices and market conditions in the Mediterranean CIF Urals crude market.

Platts proposes to allow pre-loaded oil to be sold into bids. In line with current methodology, offering pre-loaded oil on a buyer-acceptable vessel is specifically excluded from this proposal.

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Platts proposal would allow sellers to deliver a cargo that loaded prior to the specific dates bid, provided it meets all other Platts guidelines and the seller covers any additional costs incurred by the buyer, such as demurrage.

Platts Mediterranean crude oil assessments would continue to reflect crude oil that has been recently loaded at one of the normal terminals of origin for the specific grade; assessments would continue to reflect only crude oil that remains in its original condition, and Platts existing ship approval methodology would still apply.

This proposal will not apply to Urals loading from the Baltic or Platts other suite of Mediterranean crude assessments. See the original announcement.

Argus Changes Code Description for NWE Naphtha Barge AssessmentOn July 1, 2015, Argus changed a code description to reflect a changed methodology from FOB barges to CIF barges in the DLP data module in the DEURO folder of the ftp.argusmedia.com server.

PA Code New Description Old Description

PA0001041 Naphtha 65 para NWE barge (cif) Naphtha 65 para NWE barge


CME Expands Listing Schedule for RBOB Gasoline Futures ContractEffective July 27, 2015, NYMEX expanded the listing schedule of the RBOB Gasoline Futures contract as described below. This contract is listed for trading on CME Globex and for submission for clearing through CME ClearPort.

CME Globex and CME ClearPort Code

Contract TitleCurrent Listing Schedule CME Globex and CME ClearPort

New Listing Schedule CME Globex and CME ClearPort

RBRBOB Gasoline Futures

36 consecutive monthsThe current year plus the next 3 years plus 1 month


Natural Gas

July 2015

Natural Gas

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EIA Begins Publishing Monthly Base Gas Levels in Underground Natural Gas StorageOn June 30, 2015, upon the release of the most recent Natural Gas Monthly, the US Energy Information Administration (EIA) began publishing base gas levels in natural gas storage facilities through the natural gas query system.

Because of the geologic properties of storage facilities, a certain level of pressure is required to maintain reservoir integrity and to withdraw gas for commercial use. This pressure is maintained by keeping a certain quantity of gas in the reservoir, known as base gas.

Base gas requirements vary by field type, with salt facilities generally requiring less than depleted reservoirs or aquifers. In the Lower 48 states, only 30% of total storage capacity in salt facilities is base gas, whereas in nonsalt reservoirs, an average of 50% of capacity is base gas. See the original announcement.

ZEMA collects more than 300 reports from EIA, 80 of which concern natural gas data. To find out how ZEMA can expand your organizations market intelligence, book a free demo at www.ze.com/book-a-demo.

The ZEMA graph below shows the sum of weekly underground gas storage across all producing regions in comparison to natural gas spot price at Henry Hub. Data: EIA Weekly Working Gas in Underground Storage report, CME NYMEX Futures Settlement report. The price and storage volume data has been represented by the graph, which can be easily applied as one of ZEMAs many visualization options, and graphs can be viewed instantly as the analytics are built. To learn more about how ZEMA can help with your data and analysis needs, book a complimentary ZEMA demonstration.


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EIA Expands Coverage of Natural Gas Production to Include Data for 10 Additional StatesOn June 30, 2015, EIA expanded its reporting of monthly natural gas production by 10 additional states. The addition of these states Arkansas, California, Colorado, Kansas, Montana, North Dakota, Ohio, Pennsylvania, Utah, and West Virginia enhances EIAs monthly coverage, which was previously limited to Alaska, Louisiana, New Mexico, Oklahoma, Texas, Wyoming, and the Federal Gulf of Mexico.

Monthly natural gas production estimates for 15 states, the Federal Gulf of Mexico, and the rest of the country (aggregated and reported as Other States) are provided for January through April 2015. These estimates are based on data collected from a sample of US operators on the expanded Form EIA-914 survey, with the exception of Alaska, which directly reports its volumes. Monthly production estimates for the expansion states, as with the original individually surveyed states and areas, are available with only a two-month lag.

The expanded geographic scope of the EIA-914 survey is in response to significant increases in US natural gas production over the past several years, as well as important changes in production sources over this period. EIA is now reporting data for individual states that represented nearly 90% of total US natural gas production in 2014.

Natural gas production data collected on the EIA-914 survey are used as inputs to several EIA products, including the Natural Gas Monthly and EIA forecasts such as the Short-Term Energy Outlook and the Annual Energy Outlook.See the original announcement.

Platts Publishes Day-Ahead Gas Flow-Date Monthly Average DataAs of August 1, 2015, Platts launched day-ahead flow-date monthly averages data on European Power Alert, in Platts Market Data category EG, and in its European Gas Daily Monthly Averages Supplement. The new day-ahead flow-date data replaces the day-ahead trade-date monthly averages data published in the Platts Monthly Gas Price Averages and Currency conversions tables in the monthly averages supplement.

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European gas day-ahead trade-date monthly averages data will continue to be published on European Power Alert pages EP0865, EP0866 and EP0867 and in Platts Market Data category EG. The following European gas day-ahead flow-date monthly average symbols have begun updating since August 1, 2015, with data backfilled as far as price history allows or to July 1, 2013, at the earliest.

Symbol Description

GNCVF05 UK NBP DA FDt P/Th MAvg GNCWF05 UK NBP DA FDt $/MMBtu MAvg GNCTF05 UK NBP DA FDt Eur/MWh MAvg GNCUF05 UK NBP DA FDt Eur/Gj MAvg AADON05 Zeebrugge DA FDt P/Th MAvg GZBWF05 Zeebrugge DA FDt $/MMBtu MAvg AALKK05 Zeebrugge DA FDt Eur/MWh MAvg GZBUF05 Zeebrugge DA FDt Eur/Gj MAvg GTFVF05 Dutch TTF DA FDt P/Th MAvg GPGWF05 Dutch TTF DA FDt $/MMBtu MAvg GTFTF05 Dutch TTF DA FDt Eur/MWh MAvg GTFUF05 Dutch TTF DA FDt Eur/Gj MAvg GPSVF05 German GASPOOL DA FDt P/Th MAvg GBBWF05 German GASPOOL DA FDt $/MMBtu MAvg GBBTF05 German GASPOOL DA FDt Eur/MWh MAvg GBBUF05 German GASPOOL DA FDt Eur/Gj MAvg GERVF05 NetConnect Germany DA FDt P/Th MAvg GERWF05 NetConnect Germany DA FDt $/MMBtu MAvg GERTF05 NetConnect Germany DA FDt Eur/MWh MAvg GERUF05 NetConnect Germany DA FDt Eur/Gj MAvg GPGVF05 France PEG Nord DA FDt P/Th MAvg GPSWF05 France PEG Nord DA FDt $/MMBtu MAvg GPGTF05 France PEG Nord DA FDt Eur/MWh MAvg GPGUF05 France PEG Nord DA FDt Eur/Gj MAvg GPSVF05 France PEG Sud/TRS DA FDt P/Th MAvg GPSWF05 France PEG Sud/TRS DA FDt $/MMBtu MAvg GPSTF05 France PEG Sud/TRS DA FDt Eur/MWh MAvg GPSUF05 France PEG Sud/TRS DA FDt Eur/Gj MAvg GPPVF05 Italy PSV DA FDt P/Th MAvg GPVWF05 Italy PSV DA FDt $/MMBtu MAvg

25

Natural Gas

July 2015

GPVTF05 Italy PSV DA FDt Eur/MWh MAvg GPVUF05 Italy PSV DA FDt Eur/Gj MAvg GABVF05 Austrian CEGH DA FDt P/Th MAvg GABWF05 Austrian CEGH DA FDt $/MMBtu MAvg GABTF05 Austrian CEGH DA FDt Eur/MWh MAvg GABUF05 Austrian CEGH DA FDt Eur/Gj MAvg

Platts will also publish the following new European gas day-ahead flow-date monthly average symbols:

Symbol Description

GNCZE05 UK NBP DA FDt $/1000 cu m MAvg GZBZE05 Zeebrugge DA FDt $/1000 cu m MAvg GNCZW05 Dutch TTF DA FDt $/1000 cu m MAvg GBBZE05 German GASPOOL DA FDt $/1000 cu m MAvg GERZE05 NetConnect Germany DA FDt $/1000 cu m MAvg GPGWG05 France PEG Nord DA FDt $/1000 cu m MAvg GPSVG05 France PEG Sud/TRS DA FDt $/1000 cu m MAvg GPVZN05 Italy PSV DA FDt $/1000 cu m MAvg GABZE05 Austrian CEGH DA FDt $/1000 cu m MAvg

Flow-date prices will be published on European Power Alert pages EP0873, EP0874, and EP0875 and in Platts Market Data category EG.See the original announcement.

ZEMA collects more than 120 natural gas reports from Europe, several of which are from Platts. To find out how ZEMA can use this data to perform powerful analytics, visit www.ze.com/the-zema-solutions/analytics.

July 2015 26

Coal

Platts Launches China Coal Assessments SeriesAs of August 3, 2015, Platts launched a suite of thermal and metallurgical coal assessments, replacing the existing CCI series which ceased publication on July 31.

The new Platts China Coal assessment series is labeled PCC for thermal coal and PCC Met for metallurgical coal. The new series is intended to maintain coverage of the import and domestic markets for coal in China.

The PCC series has been launched with the following daily thermal coal assessments published in Coal Trader International, Platts Coal Alert pages GCC0810 and GCC0820, and also available on Market Data category CI. Platts will also be publishing monthly and quarterly averages.

PCCQG00: PCC 1: FOB Qinhuangdao 5,500 NAR (VAT included) Yuan/mt PCCPM00: PCC 2: FOB Qinhuangdao 5,000 NAR (VAT included) Yuan/mt PCCPQ00: PCC 6: CFR South China 3,800 NAR $/mt PCCPR00: PCC 6: CFR South China 3,800 NAR (VAT included) Yuan/mt PCCPP00: PCC 7: CFR South China 4,700 NAR $/mt PCCPO00: PCC 7: CFR South China 4,700 NAR (VAT included) Yuan/mt PCCSC00: PCC 8: CFR South China 5,500 NAR $/mt PCCFA00: PCC 8: CFR South China 5,500 NAR (VAT & Duty included) Yuan/mt

The PCC Met series has been launched with the following weekly metallurgical coal assessments published in Steel Markets Daily, Coal Trader International, Global Coal Alert page GCM1050, Platts Metals Alert MW1050, and also available on Market Data category MC. Platts will also be publishing monthly averages in the same services.

PCCMA04: PCC Met Shanxi Premium Low Vol Ex-washing plant Yuan/mt PCCMB04: PCC Met Shanxi Premium Low Vol Free-on-Rail Yuan/mt PCCMC04: PCC Met Shanxi Premium Low Vol DDP Tangshan Yuan/mt

27

Coal

July 2015

PCCMD04: PCC Met Shanxi High Sulfur Premium Low Vol Ex-washing plant Yuan/mt PCCME04: PCC Met Shanxi High Sulfur Premium Low Vol Free-on-Rail Yuan/mt PCCMF04: PCC Met Shanxi High Sulfur Premium Low Vol DDP Tangshan Yuan/mt PCCMG04: PCC Met North China Fat Coal DDP Tangshan Yuan/mt PCCMH04: PCC Met Shanxi PCI Ex-washing plant Yuan/mt PCCMI04: PCC Met Shanxi PCI Free-on-Rail Yuan/mt PCCMJ04: PCC Met Shanxi PCI DDP Tangshan Yuan/mt PCCMK04: PCC Met Shandong Semi Soft Ex-washing plant Yuan/mt PCCML04: PCC Met Shandong Semi Soft Free-on-Rail Yuan/mt PCCMM04: PCC Met Rail Freight Shanxi - Tangshan Yuan/mt PCCMO04: PCC Met Truck Freight Shanxi - Tangshan Yuan/mtSee the original announcement.

ZEMA collects more than 600 Platts records, many of which contain coal market data. To learn more about ZEMAs vast data library, visit www.ze.com/the-zema-solutions/data-coverage.

Platts Launches Coal Averages and Open Interest for CAPP and PRB FuturesEffective June 26, 2015, Platts has begun publishing a running daily average of the front-month and front-quarter price assessments for each of the five over-the-counter coal products it currently assesses in the OTC Broker Index table in Platts Coal Trader.

The daily front-month and front-quarter averages will show the direction of the underlying prices through the course of the referenced period, providing market participants with more visibility as to the direction of the final monthly settle for both terms.

Platts has also begun publishing the open interest for the front-month CAPP barge, CAPP rail (CSX),and PRB 8,800 Btu/lb coal futures contracts as listed by the CME Group, as well as the total CME open interest for each contract and all terms, in the daily OTC Broker Index table in Platts Coal Trader.

The open interest data will be lagged one day due to the fact it comes available each day after Coal Traders daily publishing deadline.See the original announcement.

Argus Introduces Australian, Chinese, and Indian Coal AssessmentsAs of July 1, 2015, Argus introduced new price series to Argus Steel Feedstocks. The PA code details below will appear in the DSteelFeedstocks module in the DATA/DSteelFeedstocks folder on ftp.argusmedia.com. Each code has a weekly frequency and is in USD/t.

28

Coal

July 2015

PA-codeTime stamp

Price type

Continuous forward

DescriptionDifferential basis

Category

PA0016895 8 8 0Coal PCI fob Australia (mid-vol) within 60 days

->Coal> Asia-Pacific

PA0016896 8 8 0Coal PCI fob Australia (low-vol) within 60 days


PA0016897 8 8 0Coal PCI cfr N China (mid-vol) within 60 days


PA0016898 8 8 0Coal PCI cfr N China (low-vol) within 60 days


PA0016899 8 8 0Coal PCI cfr India (mid-vol) within 60 days


PA0016900 8 8 0Coal PCI cfr India (low-vol) within 60 days


PA0016901 0 17 1Coal PCI fob Australia (mid-vol) within 60 days average month


PA0016902 0 17 1Coal PCI fob Australia (low-vol) within 60 days average month



ZEMA collects more than 100 data reports on coal alone, several of which are from Argus specifically. To learn more about turning market data into market intelligence, book a complimentary ZEMA demo at www.ze.com/book-a-demo.

Platts Stops Metallurgical China Coal IndexAs of July 31, 2015, Platts stopped publication of its China Coal Index - Metallurgical (CCI Met), the suite of Chinese domestic-market met coal price assessments launched April 2015 in conjunction with Fenwei Energy.

This discontinuation applies to the following daily assessments, listed by Market Data codes, and published on page 4 of Steel Markets Daily, and page MW1050 of Platts Metals Alert:

Code Description

MCCIA00 CCI Met Shanxi Premium Low Vol Ex-washing plant Yuan/mt

MCCIB00 CCI Met Shanxi Premium Low Vol Free-on-rail Yuan/mt

29

Coal

July 2015

Code Description

MCCIC00 CCI Met Shanxi Premium Low Vol DDP Tangshan Yuan/mt

MCCID00 CCI Met Shanxi High Sulfur Premium Low Vol Ex-washing plant Yuan/mt

MCCIE00 CCI Met Shanxi High Sulfur Premium Low Vol Free-on-rail Yuan/mt

MCCIF00 CCI Met Shanxi High Sulfur Premium Low Vol DDP Tangshan Yuan/mt

MCCIG00 CCI Met North China Fat Coal DDP TangshanYuan/mt

MCCIH00 CCI Met Shanxi PCI Ex-washing plant Yuan/mt

MCCII00 CCI Met Shanxi PCI Free-on-rail Yuan/mt

MCCIJ00 CCI Met Shanxi PCI DDP Tangshan Yuan/mt

MCCIK00 CCI Met Shandong Semi Soft Ex-washing plant Yuan/mt

MCCIL00 CCI Met Shandong Semi Soft Free-on-rail Yuan/mt

MCCIM00 CCI Met Rail Freight Shanxi - Tangshan Yuan/mt

MCCIN00 CCI Met Rail Freight Shanxi - Rizhao Yuan/mt

MCCIO00 CCI Met Truck Freight Shanxi - Tangshan Yuan/mt

MCCIP00 CCI Met Truck Freight Shanxi - Rizhao Yuan/mt

This discontinuation also affects the following Market Data monthly averages, the last publication for which will be the month of July 2015:

Code Description

MCCIA03 CCI Met Shanxi Premium Low Vol Ex-washing plant Yuan/mt MAvg

MCCIB03 CCI Met Shanxi Premium Low Vol Free-on-rail Yuan/mt MAvg

MCCIC03 CCI Met Shanxi Premium Low Vol DDP Tangshan Yuan/mt MAvg

MCCID03 CCI Met Shanxi High Sulfur Premium Low Vol Ex-washing plant Yuan/mt

MCCIE03 CCI Met Shanxi High Sulfur Premium Low Vol Free-on-rail Yuan/mt MAvg

MCCIF03 CCI Met Shanxi High Sulfur Premium Low Vol DDP TangshanYuan/mt MAvg

MCCIG03 CCI Met North China Fat Coal DDP TangshanYuan/mt MAvg

MCCIH03 CCI Met Shanxi PCI Ex-washing plant Yuan/mt MAvg

30

Coal

July 2015

Code Description

MCCII03 CCI Met Shanxi PCI Free-on-rail Yuan/mt MAvg

MCCIJ03 CCI Met Shanxi PCI DDP Tangshan Yuan/mt MAvg

MCCIK03 CCI Met Shandong Semi Soft Ex-washing plant Yuan/mt MAvg

MCCIL03 CCI Met Shandong Semi Soft Free-on-rail Yuan/mt MAvg

MCCIM03 CCI Met Rail Freight Shanxi - Tangshan Yuan/mt MAvg

MCCIN03 CCI Met Rail Freight Shanxi - Rizhao Yuan/mt MAvg

MCCIO03 CCI Met Truck Freight Shanxi - Tangshan Yuan/mt MAvg


The ZEMA graph below shows how coal prices have remained steady over the last five years, as compiled by the EIA. Data: EIA Weekly Coal Prices report. To learn more about ZEMAs extensive data coverage, book a complimentary ZEMA demo.


31

Coal

July 2015

Platts Discontinues Thermal China Coal IndexEffective July 31, 2015, Platts ceased publication of its China Coal Index Physical Thermal Coal Benchmark Prices, the suite of Chinese domestic-market thermal coal price assessments launched in October 2013, June 2014, and June 2015 in conjunction with Fenwei Energy.

This discontinuation applies to the following daily assessments, listed by Market Data codes, and published on page 1 of Coal Trader International, and pages GCA 810 and GCA 820 of Platts Global Coal Alert.

Code Description

CITQH10 Thermal Coal Platts-Fenwei CCI 1 FOB Qinhuangdao 5500 kcal/kg NAR 7-45 Day Yuan/mt

COXPM00 Thermal Coal Platts-Fenwei CCI 2 FOB Qinhuangdao 5000 kcal/kg NAR 7-45 day Yuan/mt

COXPP00 Thermal Coal Platts-Fenwei CCI 7 CFR South China 4700 kcal/kg NAR 15-60 day $/mt

CAPFB00 Thermal Coal Platts-Fenwei CCI 7 CFR S China 4700 NAR 30-60 Day (VAT) Yuan/mt

CITSC00 Thermal Coal Platts-Fenwei CCI 8 CFR S.China 5500 kcal/kg NAR 15-60 Day Yuan/mt

CAPFA00 Thermal Coal Platts-Fenwei CCI 8 CFR S China 5500 NAR 15-60 Day (Duty&VAT) Yuan/mt

Additionally, this discontinuation also affects the following codes representing the currency conversion related to these assessments:

Code Description

CITQH00 Thermal Coal Platts-Fenwei CCI 1 FOB Qinhuangdao 5500 kcal/kg NAR 7-45 Day $/mt

COXPN00 Thermal Coal Platts-Fenwei CCI 2 FOB Qinhuangdao 5000 kcal/kg NAR 7-45 day $/mt

COXPO00 Thermal Coal Platts-Fenwei CCI 7 CFR South China 4700 kcal/kg NAR 15-60 day Yuan/mt

CITSC10 Thermal Coal Platts-Fenwei CCI 8 CFR S.China 5500 kcal/kg NAR 15-60 Day Yuan/mt

This discontinuation also affects numerous Market Data monthly averages, the last publication for which will be the month of July 2015. See the original announcement.

32

Coal

July 2015

Platts Stops Publishing OTC Broker Index AverageAs of June 26, 2015, Platts has stopped publishing the second trailing final monthly average for the over-the-counter coal products listed in the daily OTC Broker Index table in Coal Trader.

It will continue to publish the final monthly average for the previous month, in addition to a running average of the current front month.See the original announcement.

Platts Discontinues CAPP 1% vs. Compliance SpreadEffective June 26, 2015, Platts discontinued listing the CAPP 1% vs Compliance coal spread previously listed in the daily OTC Broker Index table in Platts Coal Trader.

Due to evolving market conditions, there is no longer a premium for low sulfur Central Appalachia thermal coal, as the spread was envisioned to illustrate. Over-the-counter trades for compliance coal have not been reported since February 2012, when the spread last showed a change.

The affected code is CTMM001.See the original announcement.

Softs and Metals

July 2015 33

Softs and Metals

SOFTS

Platts to Add US Soybean Heating Oil SpreadOn August 17, 2015, Platts intends to launch an assessment of the soybean oil / heating oil spread (known as BOHO) that will reflect the value of the front-month contract for Chicago Board of Trade (CBOT) soybean oil futures multiplied by 7.37, the industry standard for the yield for soy methyl ester biodiesel minus the value of the front-month New York Mercantile Exchange (NYMEX) ultra-low sulfur diesel futures at market close.

This assessment will be expressed in US cents per gallon and published in the Platts database and the Biofuelscan.See the original announcement.

ZEMA regularly collects more than 100 monthly, weekly, daily, and hourly data reports on softs. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data-coverage.

Argus Introduces New US Biodiesel Freight AssessmentEffective July 10, 2015, Argus added a new series to Argus Americas Biofuels. These changes apply to the data files in the duse data files in the \DUSEthanol folder on ftp.argusmedia.com. This weekly assessment has a time stamp of 0, a price type of 8, a continuous forward of 0, and is in USD/t.

PA-code Description Differential basis Category

PA0016906 Freight biodiesel Rosario - USGC 5-10kt - >Freight>Bio Fuels


34

Softs and Metals

July 2015

Euronext to Launch Wood Pellet FuturesIn autumn of 2015, Euronext will be launching a new wood pellet commodities futures contract. Aimed at producers, wholesalers, and retailers, this physically-settled contract targeting the residential heating sector, will allow the industry to hedge its positions.

Wood pellets, manufactured from stem wood and untreated residues from the wood processing industry, are a fast growing, sustainable source of renewable energy, particularly in Europe where 80% of the residential pellets global production is sold for use in boilers, heaters, and local utilities. Fluctuations in prices in the wood energy industry are caused by northern hemisphere winter weather seasonality patterns, economic supply and demand evolutions, or raw material availabilities.See the original announcement.

ZEMA collects data on softs from dozens of different sources including Platts, Argus, ICE, NYSE Liffe, and the USDA. ZEMA can then push this data to downstream systems throughout your organization. To find out how, visit www.ze.com/the-zema-solutions/integration.

Platts to End FOB Singapore Ethanol AssessmentsEffective December 21, 2015, Platts intends to discontinue the FOB Singapore Ethanol assessments, including the daily assessment (AAWAD00) and weekly and monthly averages (AAWAD04; AAWAD03).

The discontinuation of these assessments is proposed due to changes in typical spot market trade flows as participants rarely break bulk ethanol cargoes in Singapore anymore.See the original announcement.

Metals

Platts Launches CIF South Korea Aluminum PremiumEffective July 1, 2015, Platts has launched a weekly spot CIF South Korea aluminum premium assessment. The launch follows a period of industry feedback that this price is representative of the current spot market in Asia, which sees active spot trade in South Korea.

The spot assessment reflects the premium or discount to the LME cash price for P1020A ingots basis CIF Busan, duty-unpaid, for P1020 of any origin, with a typical trade volume of 200 mt to 2,000 mt. The specifications are P1020A ingots to meet minimum LME specification, 99.7% Al min, max 0.1% Si, 0.2% Fe, 0.03% zinc, 0.04% gallium, 0.03% vanadium.

The assessment will be normalized to reflect metal with a maximum iron content of 0.14%. The assessment is basis CIF Busan, duty-unpaid, VAT not included, loading in the next

35

Softs and Metals

July 2015

30days from date of transaction, payment terms LC at sight and cash against documents. Trades CIF Incheon will be normalized to CIF Busan, and other domestic and regional transactions may be considered for trend purposes.

The premium will be assessed once per week, on Wednesdays or the closest business day in the event of public holidays, through a survey of producers, traders and consumers of P1020A active in the spot market. Platts will monitor the market throughout the week and consider in its assessments all of the information provided regarding deals, bids, and offers in the market, but the value reflected in the assessment will be the tradable value at the close of market at 3 p.m. Singapore time, expressed in a narrow range reflecting the majority of bids, offers, and transactions.See the original announcement.

ZEMA collects 12 different Platts reports on metals from Asia alone. To find out how ZEMAs data library can be customized to your specific needs, visit www.ze.com/the-zema-solutions/data.

Argus Adds Titanium Concentrate AssessmentsEffective July 23, 2015, Argus added two titanium concentrate series to Argus Minor Metals report and associated data feed. The following data series is available in DMinorMetals data module in /DMinorMetals folder on ftp.argusmedia.com. The historical data between September 6, 2012, and July 24, 2015, will be available upon request. These daily assessments have time stamps of 0, continuous forwards of 0, and are in CNY/t.

PA-code Price type Description Category

PA0014493 1, 2 Titanium concentrate 46% TiO2 ex-works China (VAT unpaid)

>Metals - Non-ferrous>Ores and Concentrates>Asia-Pacific

PA0014494 1, 2 Titanium concentrate 50% TiO2 ex-works China (VAT unpaid)

>Metals - Non-ferrous>Ores and Concentrates>Asia-Pacific


Argus Launches Argus Ferro-Alloys Report and Data FeedOn July 9, 2015, Argus introduced the new Argus Ferro-Alloys report and associated data feed. The following data series will become available as Dferroalloys data module in /Dferroalloys folder on ftp.argusmedia.com. The scheduled data file will be produced daily at 20:00 EST.

The following new categories have been created to accommodate this change:

>Metals - Non-ferrous>Base metals>America >Metals - Non-ferrous>Base metals>Asia-Pacific >Metals - Non-ferrous>Base metals>Europe >Metals - Non-ferrous>Ferro Alloys>America

36

Softs and Metals

July 2015

>Metals - Non-ferrous>Ferro Alloys>Asia-Pacific >Metals - Non-ferrous>Ferro Alloys>Europe >Metals - Non-ferrous>Scrap and Secondary>America >Metals - Non-ferrous>Scrap and Secondary>Asia-Pacific >Metals - Non-ferrous>Scrap and Secondary>EuropeSee the original announcement.

By collecting more than 200 regular reports about metals, ZEMA lets you stay up to date on the latest developments in the metals market. To learn more, visit www.ze.com/the-zema-solution.

Argus Introduces Argus Black Sea Steel Report and Data FeedOn July 6, 2015, Argus introduced the new Argus Black Sea Steel report and associated data feed. The following data series will become available as DBlackSeaSteel data module in /DBlackSeaSteel folder on ftp.argusmedia.com. The scheduled data file will be produced daily at 21:00 GMT.

Three new categories have been created to accommodate this change:

>Metals - Ferrous>Steel >Metals - Ferrous>Scrap >Metals - Ferrous>Iron OreThe following assessments from this report time stamps of 6, price types of 8, and continuous forwards of 0.

PA-code Description Unit Category Frequency

PA0016036 Steel HRC fob Black Sea 2 - 6 weeks USD/t >Metals - Ferrous>Steel Daily

PA0016037 Steel CRC fob Black Sea 2 - 6 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016038 Steel plate fob Black Sea 2 - 6 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016039 Steel billet fob Black Sea 2 - 6 weeks USD/t >Metals - Ferrous>Steel Daily

PA0016040 Steel slab fob Black Sea 2 - 8 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016041 Steel rebar fob Black Sea 2 - 6 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016042 Steel wire rod fob Black Sea 2 - 6 weeks

USD/t >Metals - Ferrous>Steel Weekly

PA0016043 Steel HRC cpt Moscow 2 - 5 weeks USD/t >Metals - Ferrous>Steel Weekly

37

Softs and Metals

July 2015

PA-code Description Unit Category Frequency

PA0016044 Steel HRC cpt Moscow 2 - 5 weeks RUB/t

RUB/t >Metals - Ferrous>Steel Weekly

PA0016045 Steel rebar cpt Moscow 2 - 5 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016046 Steel rebar cpt Moscow 2 - 5 weeks RUB/t


PA0016047 Iron Ore pig iron fob Russia Black Sea 2 - 6 weeks

USD/t >Metals - Ferrous>Iron Ore

Weekly

PA0016048 Iron Ore pig iron fob Ukraine Black Sea 2 - 6 weeks

USD/t >Metals - Ferrous>Iron Ore

Weekly

PA0016049 Ferrous scrap A3 cpt European Russian mills within 30 days

USD/t >Metals - Ferrous>Scrap Weekly

PA0016050 Ferrous scrap A3 cpt European Russian mills within 30 days RUB/t

RUB/t >Metals - Ferrous>Scrap Weekly

PA0016051 Ferrous scrap A3 cpt European Urals mills within 30 days

USD/t >Metals - Ferrous>Scrap Weekly

PA0016052 Ferrous scrap A3 cpt European Urals mills within 30 days RUB/t

RUB/t >Metals - Ferrous>Scrap Weekly

PA0016233 Steel CRC cpt Moscow 2 - 5 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016234 Steel CRC cpt Moscow RUB/t 2 - 5 weeks


PA0016907 Steel rebar fob Turkey 2 - 6 weeks USD/t >Metals - Ferrous>Steel Weekly

PA0016908 Steel rebar ex-works Turkey 2 - 5 weeks

USD/t >Metals - Ferrous>Steel Weekly


38

Softs and Metals

July 2015

COMEX Expands Listing Schedule for US Aluminum Futures ContractEffective July 27, 2015, Commodity Exchange, Inc. (COMEX) expanded the listing schedule of the Aluminum MW US Transaction Premium Platts (25MT) Futures contract (Commodity Code: AUP; Rulebook Chapter: 1189) on CME Globex and CME ClearPort as described below.

Contract CodeRule-book Chapter

Current CME Globex and CME ClearPort Listing Schedule

Expanded CME Globex and CME ClearPort Listing Schedule

Aluminum MW US Transaction Premium Platts (25MT) Futures

AUP 118924 consecutive months

36 consecutive months


Platts to Discontinue Chinese FOB Ferromanganese and Silicomanganese AssessmentsAs of October 30, 2015, Platts intends to discontinue publication of the weekly FOB China High Carbon 75% Ferromanganese price assessment (MMAIR00). Spot export activity for ferromanganese has fallen significantly due to an export duty of 20% in recent years, and preliminary market research shows that this price is no longer representative of significant market activity. See the original announcement.

Relatedly, Platts also intends to discontinue publication of the weekly FOB China silicomanganese 65% price assessment (MMAJK00), also due to the recent export duty increase in recent years.

Should the discontinuation be finalized after further industry consultation, the final value for this price will be published on October 29, 2015.See the original announcement.

Platts Discontinues Daily Aluminum Tokyo Kerb PricesEffective July 1, 2015,Platts has discontinued publication of the daily Tokyo Kerb Prices for Aluminum Cash (MMALV00) and Tokyo Kerb Prices for Aluminum 3-Month (MMALW00).

As Platts has reported, the relevance of Kerb has diminished significantly since the launch of LME Select, which provides live electronic LME trading prices 24 hours a day. Market feedback is that the Kerb prices are no longer representative and do not serve a purpose as an industry reference.

39

Softs and Metals

July 2015

With the discontinuation of these prices, Platts has also ceased publishing the daily Tokyo Kerb Aluminum Cash price in yen/kg (MMATK00) and the Tokyo Kerb 3-Month price in yen/kg, which were automated prices with the yen conversion. The final publication of these prices was on June 30, 2015.See the original announcement.

The ZEMA graph below shows moving highs and lows of aluminum prices on the London Metals Exchange over the last two years. Data: LME Official Prices report. To learn more about metals data available through ZEMA, book a complimentary ZEMA demo.


Platts Ends Some Chinese Steel AssessmentsEffective June 26, 2015, Platts has discontinued the following three China domestic steel assessments:

SB01150 HRC Q235 5.5MM China Dom Prod Guangdong Lecong Weekly

SB01219 Seamless Pipe 219x6MM Grd8163 China Dom Prod Shanghai Weekly

SB01113 H-Beams China Dom Prod Shanghai Monthly

The discontinuations will allow for Platts to focus its market reporting on its remaining domestic price assessments and regional export assessments in Asia.See the original announcement.

40

Softs and Metals

July 2015

TOCOM Signs LBMA Good Delivery List Agreement for Gold and Silver BarsOn June 26, 2015, the Tokyo Commodity Exchange Inc. (TOCOM) announced that it has signed a license agreement with the London Bullion Market Association (LBMA) to use the LBMAs Good Delivery List as part of its own accreditation procedures.

The LBMA Good Delivery List is the global industry standard for determining the quality of gold and silver bars. TOCOM will require Good Delivery status, granted by LBMA, to be met prior to designation of deliverables for gold and silver.See the original announcement.

Platts Amends In-Warehouse Singapore Premium Aluminum Weekly AssessmentsEffective July 1, 2015, Platts is clarifying that the in-warehouse Singapore premium assessment for aluminum P1020A (MMAMY00) is assessed on a weekly basis.

With the change in publication frequency of the premium assessment, Platts has also amended the publication of the daily in-warehouse Singapore fixed price equivalent for aluminum P1020A (MMASW00) to weekly. This is an automated price based on the current LME aluminum price plus the assessed aluminum premium.See the original announcement.

Finance

July 2015 41

Finance

CBOE Lists VIX Weeklys FuturesEffective July 23, 2015, CBOE Futures Exchange, LLC (CFE) listed futures with weekly expirations on the CBOE Volatility Index (VIX Index). VIX Weeklys options at the Chicago Board Options Exchange (CBOE) are expected to follow.

The VIX Index is based on real-time prices of options on the S&P 500 Index (SPX) and is designed to reflect investors consensus expectations for 30-day stock market volatility. Standard VIX futures and options expire monthly. Weekly VIX futures and options expirations offer convergence to the VIX cash index four to five times per month, instead of once a month. Generally, the closer VIX futures and options get to expiration, the closer they tend to parallel the underlying VIX Index.

New weekly expirations for VIX futures will be listed on Thursdays (excluding holidays) and expire on Wednesdays. CFE may list up to six consecutive weekly expirations for VIX Weeklys futures. VIX Weeklys futures will be available during CFEs regular and extended trading hours.See the original announcement.

ZEMA collects many records from the Chicago Mercantile Exchange regarding Chicago Board of Trade financial information, including the CBOT Futures daily price record. To learn more about how to transform this collected data into useful market intelligence, visit www.ze.com/the-zema-suite/market-analyzer.

OShares Launches Smart-Beta ETF on NYSEAs of July 14, 2015, the New York Stock Exchange (NYSE) welcomed the OShares FTSE US Quality Dividend ETF to NYSE Arca. Trading under the ticker symbol OUSA, the fund provides access to large and mid-cap US issuers, selected based on quality, low volatility, and dividend yield. It is the first in a series of smart-beta index-based ETFs expected to be listed in the US by OShares.

The 140 stocks in the index that OUSA tracks are selected from the FTSE USA Index, comprised of 600 of the largest US equities. The 140 in the index had an average weighted market capitalization of $56 billion, a minimum market capitalization of over $750 million as of June 23, 2015, and is diversified across ten industry sectors, with the three largest sectors being consumer goods, health care, and technology, and the three smallest being materials, financials, and utilities. See the original announcement.

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Nasdaq and KBW Launch Global Bank IndexOn July 13, 2015, Keefe Bruyette & Woods (KBW), a Stifel company, and Nasdaq announced the launch of the KBW Nasdaq Global Bank Index (Ticker: GBKX), the first and only index designed to track the performance of those banks designated as global systemically important (G-SIBs) by the Financial Stability Board and Basel Committee on Banking Supervision. The 28 banks included in the KBW Nasdaq Global Bank Index represent 45% of the global investable banking universe and account for approximately $3T in total market cap.

The 28 banks included in the KBW Nasdaq Global Bank Index are: Agricultural Bank of China Limited, Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Bank of America Corporation, Bank of China Limited, Barclays Plc, BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, Industrial and Commercial Bank of China Limited, ING Groep N.V., JPMorgan Chase & Co., Mitsubishi UFJ Financial Group, Inc., Mizuho Financial Group, Inc., Morgan Stanley, Nordea Bank AB, Royal Bank of Scotland Group Plc, Socit Gnrale SA, Standard Chartered Plc, State Street Corporation, Sumitomo Mitsui Financial Group, Inc., Bank of New York Mellon Corporation, Goldman Sachs Group, Inc., UBS Group AG, UniCredit SpA, and Wells Fargo & Company.

The KBW Nasdaq Global Bank Index is an equal-weighted index that has an average yield of 3.14% (as of July 7, 2015). While a US-dollar denominated index, it provides exposure to six different currencies the US Dollar, Euro, British Pound, Japanese Yen, Swiss Franc, and Swedish Krona. The Index will be rebalanced quarterly, and members will be updated annually on the third Friday in December based on FSB and the Basel Committees update to the list of G-SIBs published in November.

In addition to the GBKX, there are also two total return versions of the Index that have been simultaneously launched KBW Nasdaq Global Bank Total Return Index (GBKXT) and KBW Nasdaq Global Bank Net Total Return Index (GBKXN).See the original announcement.

ZEMA collects multiple daily records from Nasdaq. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data.

Nasdaq Launches Index Calculation SystemOn June 29, 2015, Nasdaq announced the launch of the Nasdaq Index Calculation System, a standalone solution that provides marketplaces with a flexible index calculation platform to compute multi-asset, multi-currency indexes. The system enables exchanges to operate and administer index calculations in-house, giving them the flexibility to define and create unique products while maintaining operational control and controlling IP ownership over the marketplaces indexes. In addition, Singapore Exchange (SGX) will utilize the technology to enhance their index services offering.

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Features include:

Multi-asset, multi-currency coverage Index administration with management of calculation creation, supervision,

and maintenance Multiple input and output interface handling capabilities Historical database for historical reporting, restatements, and back-testing Suite of index reports including predictive reporting to calculate adjusted index values prior

to actual re-calculationSee the original announcement.

Eurex Launches STOXX Global Select Dividend 100 Index Futures and OptionsOn July 20, 2015, Eurex Exchange, part of Deutsche Brse Group, launched new futures and options based on the STOXX Global Select Dividend 100 Index. With this step, Eurex Exchange expands its dividend index product suite, which currently comprises the DivDAX and Euro STOXX Select Dividend 30 indexes. Whereas the two existing contracts cover German and European stocks, the STOXX Global Select Dividend 100 Index offers investors the ideal tool to invest into 100 high dividend-yielding companies across developed countries from North America, Europe, and Asia/Pacific.

The STOXX Global Select Dividend 100 Index combines the highest-yielding stocks relative to their home markets. The 100 index components are weighted by their indicated annual net dividend yield, i.e. the largest dividend-yielding companies have the highest weight in the index. The weight of individual components in the index is capped at 10 percent in order to prevent the index from being dominated by single high-dividend paying stocks. The composition of the index is reviewed on an annual basis in March. The new futures and options are cash settled, and the contract value is 10 euros per index point.See the original announcement.

ZEMAs sophisticated market data management tools collect hundreds of financial data reports from around the world. To learn how you can begin building your own library of financial data, book a complimentary ZEMA demonstration at www.ze.com/book-a-demo.

Europes First ETF on Chinese Government Bonds Launched on XetraAs of July 14, 2015, the db x-trackers II Harvest CSI China Sovereign Bond UCITS ETF (DR) has been tradable on Xetra and Brse Frankfurt. This ETF was issued by Deutsche Asset & Wealth Management together with Harvest Global Investments and gives investors first-time access to the performance of Chinese government bonds via a physically replicated ETF.

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Name: db x-trackers II Harvest CSI China Sovereign Bond UCITS ETF (DR)

Asset class: Bond ETF

ISIN: LU1094612022

Ongoing charges: 0.55%

Distribution policy: distributing

Reference index: CSI Gilt-Edged Medium Term Treasury Note Index

The new ETF tracks the CSI Gilt-Edged Medium Term Treasury Note Index. This comprises 35 bonds denominated in Renminbi, issued by the government of the Peoples Republic of China and tradable on the Shanghai Stock Exchange, the Shenzhen Stock Exchange, and Chinas interbank bond market. Harvest Global Investments has the required RQFII (Renminbi qualified foreign institutional investor) authorization, which means the ETF can invest directly in the corresponding bonds.See the original announcement.

Five Lyxor Factor ETFs Launched on XetraSince July 10, 2015, five new exchange-listed index funds issued by Lyxor International Asset Management have been tradable on Xetra and Brse Frankfurt.

The new Lyxor ETFs track the performance of the J.P. Morgan Europe Factor Indices, which comprise 40 European stock corporations from the MSCI Europe Index depending on the tracked strategy. The selection and weighting of each stock is based on the respective strategy: low-beta, company value, company size, momentum, and earnings quality.

The low-beta strategy selects companies with a low beta factor. The beta factor shows how sensitively the share price reacts to changes in an index.

The value-based strategy selects stock corporations on the basis of three factors: earnings yield, book-to-price ratio, and the free cash flow yield.

The low-size strategy selects companies with the lowest market capitalization in a sector and weights them equally in the reference index.

The momentum strategy measures the strength of a share price movement. Companies with high momentum are selected and then weighted equally in the reference index.

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Investors also have access to the quality strategy. Companies are selected based on the quality of their earnings, i.e. return on equity, the equity debt ratio and the net profit margin on equity.

Each of these ETFs has a total expense ratio of 0.30%.

Lyxor ETFs ISIN

Lyxor J.P. Morgan Europe Low Beta Factor Index UCITS ETF LU1218122742

Lyxor J.P. Morgan Europe Value Factor Index UCITS ETF LU1218123716

Lyxor J.P. Morgan Europe Low Size Factor Index UCITS ETF LU1218123047

Lyxor J.P. Morgan Europe Momentum Factor Index UCITS ETF LU1218123393

Lyxor J.P. Morgan Europe Quality Factor Index UCITS ETF LU1218123559


ZEMA lets users stay up to date on a wide range of financial developments. ZEMA enables users to easily visualize data, news, and analytics in one screen, ensuring that users gain a global market snapshot. To learn more, visit www.ze.com/the-zema-suite/dashboard.

Nine State Street ETFs Launched on XetraAs of July 8, 2015, nine new exchange-listed sector index funds issued by SPDR (State Street Global Advisors) have been tradable on Xetra and Brse Frankfurt.

The new SPDR ETFs track the performance of US stock corporations from the S&P 500s Select Sector index family and enable investors to participate for the first time in the performance of the following sectors: consumer staples and discretionary, energy, financials, health care, materials, industrials, technology, and utilities. The indexes are weighted by market capitalization.

The total expense ratio for each of these ETFs is 0.15%.

SPDR ETFs ISIN

SPDR S&P U.S. Consumer Discretionary Select Sec-tor UCITS ETF IE00BWBXM278

SPDR S&P U.S. Consumer Staples Select Sector UCITS ETF IE00BWBXM385

SPDR S&P U.S. Energy Select Sector UCITS ETF IE00BWBXM492

SPDR S&P U.S. Financials Select Sector UCITS ETF IE00BWBXM500

SPDR S&P U.S. Health Care Select Sector UCITS ETF IE00BWBXM617

SPDR S&P U.S. Industrials Select Sector UCITS ETF IE00BWBXM724

SPDR S&P U.S. Materials Select Sector UCITS ETF IE00BWBXM831

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SPDR ETFs ISIN

SPDR S&P U.S. Technology Select Sector UCITS ETF IE00BWBXM948

SPDR S&P U.S. Utilities Select Sector UCITS ETF IE00BWBXMB69 See the original announcement.

New iShares ETF Provides Access to Euro-Zone Equities with Hedging against US DollarAs of July 2, 2015, a new iShares ETF from BlackRocks product offering has been tradable through Xetra and Brse Frankfurt.

Name: iShares MSCI EMU USD Hedged UCITS ETF

Asset class: equity index ETF

ISIN: IE00BWZN1T31

Total expense ratio: 0.38 percent

Distribution policy: accumulating

Benchmark: MSCI EMU USD Hdg Net

The iShares MSCI EMU USD Hedged UCITS ETF enables investors to participate in the performance of stock corporations in the euro zone while also benefiting from currency hedging against the US dollar. This protects investors against an appreciation of the US dollar against the euro.

The product offering in Deutsche Brses XTF segment currently comprises a total of 1,070 exchange traded funds.See the original announcement.

ZEMA, ZEs enterprise data management solution, contains advanced display functionalities which enable users to easily align news updates from organizations such as NASDAQ OMX and OTC Markets next to market data, which gives users an enhanced market perspective. For further information, visit www.ze.com/the-zema-suite/dashboard.

New Amundi Bond Index ETF Tracks Corporate Bond PerformanceAs of June 30, 2015, a new exchange-listed bond index fund issued by Amundi has been available in Deutsche Brses XTF segment. The ETF is tradable via Xetra and Brse Frankfurt.

Name Amundi ETF Floating Rate USD Corporate UCITS ETF

Asset class bond ETF

ISIN FR0012647451

Total expense ratio 0.18 percent

Distribution policy accumulating

Benchmark Markit iBoxx USD Liquid FRN Investment Grade Corporates 100

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The Amundi ETF Floating Rate USD Corporate UCITS ETF gives investors access to the performance of corporate bonds denominated in US dollars, which are issued by companies in industrialized countries and have a variable rate of interest. The reference index comprises a minimum of 40 and a maximum of 100 bonds, which are each weighted on the basis of their market capitalization. The total weighting per issuer is limited to 5%.See the original announcement.

GMEX to Launch Euro-Denominated IRS CMF on EurexAs of August 7, 2015, GMEX will provide a Euro-denominated IRS Constant Maturity Future (CMF) for trading and clearing on Eurex. The cooperation will facilitate the electronic arranging of CMF contracts on GMEXs platform with trade confirmation and central clearing taking place at Eurex.

For the market launch, both partners expect a diverse range of active participants from the existing Eurex trading and clearing member base. This includes large sell-side banks, buy-side firms, futures trading houses, and derivatives brokers.

GMEX CMF is based on the Interest Rate Swap Index Average (IRSIA) and tracks the interest rate exposure at each point on the yield curve by removing the expiry date and marking the contract to market against an IRSIA Constant Maturity Index on a daily basis. Thus, the contract facilitates the management of interest rate exposure without a constant need to re-adjust and maintains the liquidity of a given maturity from 2 to 30 years.See the original announcement.

ZEMAs sophisticated market data management tools collect hundreds of financial data reports from around the world. To learn how you can begin building your own library of financial data, book a complimentary ZEMA demonstration at www.ze.com/book-a-demo.

TAIFEX Launches RMB FX Futures and Two New ETF FuturesOn July 20, 2015, the Taiwan Futures Exchange (TAIFEX) launched two RMB FX futures contracts, the USD/CNT FX futures (RTF) and the USD/CNH FX futures (RHF). RTF and RHF are with contract sizes of USD 20,000 and USD 100,000, respectively. Trading hours for both contracts will be from 8:45 a.m. to 4:15 p.m. to cover the trading hours of the Taiwanese interbank spot FX market.

In addition, on July 8, 2015, TAIFEX launched two new ETF futures associated with Chinas stock indexes (FTSE China A50 Index and SZSE 100 Index). They added to TAIFEX current ETF futures suite, and made it a total of six ETF futures linking to China stock indexes.

TAIFEX has extended the trading session of the ETF Futures on China stocks to 4:15 p.m. in order to cover the entire trading hours of Chinas stock market.See the original announcement.

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Societe Generale Lists New Open-End Product Range on Euronext Brussels Effective July 8, 2015, Societe Generale launched a new range of listed products on Euronext Brussels called SOCIT GNRALE (FR) TURBOS INFINIS BEST. These products are leveraged products, aimed at enhancing returns on the short-term or at hedging investors portfolio on the medium term. The underlying asset can be a single stock, an index or a currency pair, etc. with a tailor-made gearing.

SOCIT GNRALE (FR) TURBOS INFINIS BEST are open-end. Investors can therefore adapt their investment horizon to their investment strategy. These products are derivative instruments under French law, which are easy to trade: they can be bought or sold through Euronext Brussels via a broker or a regular bank as a single stock.

Societe Generale will be the market maker for these products during Stock Exchange trading days: from 8 a.m. to 6:30 p.m. for index linked products and currency linked products, and from 9:05 a.m. to 5:30 p.m. for stock linked products.

If the knock out level has been triggered during the product lifetime, investors will bear a total loss of their invested capital. SOCIT GNRALE (FR) TURBOS INFINIS BEST are therefore designed for sophisticated retail clients, who have a good understanding of the markets and of the product characteristics; in particular of the gearing effect and of the knock out mechanism.See the original announcement.

ZEMA collects more than 80 regular financial data reports from Europe alone. To learn how your organization can leverage ZEMAs massive data library and analytical capabilities, book a free ZEMA demo at www.ze.com/book-a-demo.

Deutsche Brse Begins Hosting Irish Stock Exchanges Trading Surveillance SystemAs of June 30, 2015, Deutsche Brse Market Data + Services has taken over the hosting of the Irish Stock Exchanges new trading surveillance system. Deutsche Brse will host the hardware on its premises in Frankfurt and provide support services. The surveillance system enhances the electronic market surveillance capabilities of the Dublin-based exchange.See the original announcement.

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DME and ADX Embark on CollaborationOn July 7, 2015, the Dubai Mercantile Exchange (DME) and Abu Dhabi Securities Exchange (ADX) signed a Memorandum of Understanding (MOU) in a move that will see two of the leading regional exchanges collaborate on several fronts to further drive the growth and development of capital markets in the UAE and the wider Middle East region.See the original announcement.

Euronext Signs MOU with ICBCOn July 1, 2015, Euronext announced that it has signed an MOU with the leading Chinese bank, ICBC China Ltd. (ICBC). Euronext is now focusing on its trajectory to develop its markets as a fully equipped tool to support cross-border transactions of European and Chinese corporates.

The MOU will aim to enhance ICBCs access to European capital markets by exploring the banks application for becoming a trading member of the markets operated by Euronext. Facilitating access to Euronext products and markets and enabling payment and settlement in RMB. In addition, the two companies will work jointly to list products such as bonds, warrants and certificates, equity and ETFs, and will establish and maintain partnerships in marketing activities.See the original announcement.

Weather and Em

issions

July 2015

Weather and Em

issions

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AccuWeather Launches MinuteCast Feature Providing Detailed Precipitation ForecastingOn July 1, 2015, AccuWeather, Inc. announced it is now offering AccuWeather MinuteCast in 13 countries with plans to provide this hyper-local forecast in additional countries worldwide. The patented forecast includes precipitation type and intensity as well as start and end times for precipitation by the minute for the next two hours, localized to an exact street address or GPS location.

AccuWeather MinuteCast is available for free to people living and traveling in the contiguous United States, Canada, United Kingdom, Ireland, Japan, France, Germany, Belgium, Switzerland, Netherlands, Luxembourg, parts of the Czech Republic, and Spain. See the original announcement.

ZEMA collects over 230 weather market records containing information about hydrology, actual and forecast weather data, and more. To learn more about ZEMAs data coverage, visit www.ze.com/the-zema-solutions/data-coverage.

CME Delists Certain Monthly and Seasonal HDD/CDD ContractsEffective July 6, 2015, Chicago Mercantile Exchange Inc. (CME) delisted from trading certain previously listed contract months for the CME US and European Monthly and Seasonal HDD/CDD futures and options contracts. The contract months subject to this action have no open interest. Delisted are products for the following locations:

Baltimore CDD monthly futures, CDD seasonal May futures Boston CDD monthly futures, HDD monthly futures, CDD seasonal May futures, HDD

seasonal November futures Des Moines CDD monthly futures, CDD seasonal May futures, HDD monthly futures,

HDD seasonal November futures Philadelphia CDD futures, CDD seasonal strip futures, HDD monthly futures, HDD

seasonal November futures Portland CDD monthly futures, CDD seasonal June futures, CDD seasonal strip futures,

HDD monthly futures, HDD seasonal November futures Tucson CDD monthly futures, CDD seasonal strip futures, HDD monthly futures Washington Reagan Airport CDD monthly futures, CDD seasonal futures,

HDD monthly futures Houston HDD monthly futures Kansas City HDD monthly futures, HDD seasonal November futures Paris HDD seasonal November futures, HDD monthly futuresSee the original announcement.

News from Data Vendors

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News from Data Vendors

ZEMA Adds Oil, Natural Gas, Metal, Financial, and Statistics Data in JulyFor 20 years, ZE PowerGroup Inc. (ZE) has consistently kept up to date on the latest in energy and commodity data changes. ZE collects data spanning oil, natural gas, electricity, weather, agriculture, emissions, and finance. ZE then provides its clients with access to both public (free subscription) and private data reports, including reports that are collected based on clients specific needs.

Since the last issue of DataWatch, ZE has added numerous data reports, including reports published by Argus, CBS, Genscape, ICE, LBMA, Thailand EPPO, and the US Census Bureau. The Argus reports concern Latin markets futures and spot data. The LBMA reports cover palladium fixings. The Thailand EPPO reports include data on the production, sale, export, and material intake of crude oil and petroleum products. The US Census Bureau data covers population estimates for cities, towns, metropolitan, and micropolitan areas. These reports, along with many others added to ZEs data library within the last month, have been implemented in response to a need for greater data coverage in strategic areas of oil, natural gas, metals, finance, and statistics.

To see the full list of ZEMA data providers, visit www.ze.com/the-zem

Documents

DataWatch July 2015