REACHING

NEW HEIGHTS

FOR INDICES

McCloskey by OPIS, a Dow Jones company

Client

CLIENT BACKGROUND

OPIS is a leading provider of critical news, analysis and data on the worldwide coal markets. Its price assessments – the McCloskey coal markers – are used extensively to settle international derivative contracts and price physical tonnes as well as being used extensively as reference prices for industry analysis. The McCloskey markers are trusted and used by coal professionals around the globe, with more than 80% of the world’s traded coal derivatives using the McCloskey markers.

Moorgate Benchmarks was selected as independent administrator of the Northwest Europe Steam Coal marker and the Richards Bay FOB marker which are components of the API2 and API4 markers respectively, to independently administer and fulfil the compliance requirements of the EU and UK benchmarks regulations.

Various documents detailing aspects of the administration of interest to users can be found at the links below.

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