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globalCOAL? - Meaning

A global marketplace facilitator for trading coal and a provider of related services. globalCOAL is primarily involved in the following: 1) Publishes SCoTA: A standard coal-trading agreement which combines standard T&Cs relevant to global coal transactions. 2) Online trading platform: A web platform for online execution of coal trades with access to worldwide market participants, real-time market data and automatic trade matching and confirmation services. 3) Bespoke brokerage service: A brokerage service to help market players place and source non-standardised physical coal cargoes. 4) Price Data: Publishes a Coal Market Report with real-time coal market bids and offers. Also provides historical coal price indices.In recent years, globalCOAL worked with ICE Futures Europe to develop standard coal futures contracts.

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