The Asia Pacific Exchange (APEX) launched a 380cst Fuel Oil Futures Contract for trading on Thursday evening.
Its first fuel oil futures contract is targeted at both regional and international industry participants, the company said in a statement.
Each US dollar denominated 380-cst HSFO contract will be for 10 tonnes of fuel oil that is physically deliverable against quality-assured 380-cst HSFO if held until expiry.
