Risk.net

globalCOAL settles with GFI in dispute over physical coal contract

globalCOAL settled a legal dispute with Icap in April this year, after the broker offered globalCOAL’s NEWC coal swaps on its screens.

The agreement with GFI was sealed as a court order in the High Court in London. GFI will implement measures that will ensure that SCoTA is not used as a basis for contracts on the GFI platform. Traders using the GFI trading platform must warrant that they "shall not use the Platform to execute any trades wholly or substantially based on globalCOAL's SCoTA con