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Price notice: Change to midpoints, averages

Jan 19, 2020 | 10:33 AM | London | Barbara O'Donovan

Tags  pricing notice, rounding, averages, midpoint


Fastmarkets will display its calculated price midpoints rounded to two decimal places from Monday December 9.

This will ensure consistency of published values across all of Fastmarkets’ delivery channels, including the Fastmarkets platform, the Excel Add-In, APIs, websites and datafeeds.

Where Fastmarkets publishes prices in a low-high range, users have the option to view the calculated midpoint of that range. From December 9, Fastmarkets will implement rounding to two decimal places on these midpoint values. This change will also be applied to the historical data series.

Rounding to two decimal places will also be applied to weekly, monthly, quarterly and yearly average values across all of Fastmarkets’ delivery channels effective December 9.

To provide feedback on these changes please contact Barbara O’Donovan at pricing@fastmarkets.com. Please add the subject heading "FAO: Barbara O’Donovan re: rounding."

To see all of Fastmarkets AMM’s pricing methodology and specification documents, click here.


 

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