MIAX Launches Physically-settled Fertilizer Futures on MIAX Futures
MIAX successfully launched four physically-settled fertilizer futures contracts — NOLA Urea (MGU), NOLA Mono-ammonium Phosphate (MAP), NOLA Di-ammonium Phosphate (DAP), and NOLA Potassium Chloride (MOP) — on its MIAX Futures exchange. The contracts trade on the MIAX Futures Onyx electronic platform and clear through MIAX Futures Clearing, targeting risk management and price discovery in a fertilizer supply chain exposed to Strait of Hormuz volatility.
Key figures
- Contracts launched
- 4
- New contract tickers
- ["MGU (NOLA Urea)","MAP (NOLA Mono-ammonium Phosphate)","DAP (NOLA Di-ammonium Phosphate)","MOP (NOLA Potassium Chloride)"]
AI analysis
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