globalCOAL and Icap settle dispute
globalCOAL and Icap Energy have settled the legal dispute between them on the use by Icap of price screens in NEWC coal swaps. Icap has formally agreed not to offer its clients electronic trading or indicative price services in NEWC or other globalCOAL products.
Eoghan Cunningham CEO of globalCOAL said, “We are pleased to be able to put this episode behind us and to focus on providing price transparency and in developing standardisation and new products for the benefit of the steam coal market. globalCOAL regards the voice broking of its products by ICAP and other brokers as a positive contributor to bringing liquidity to the market”.
Paul Newman, managing director of Icap Energy said, “I am pleased to have resolved this dispute. We look forward to
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