The amendments take effect from event 149 on 6 October 2015. The changes are:
- GDT has established a procedure enabling sellers to publish normal guideline ranges for their supply forecasts, and requiring them to publish explanatory statements if their forecasts vary beyond these ranges;
- The amended rules allow GDT to provide additional data to the market, making available for the first time sold quantities and bidder participation data by region, plus real time demand/supply ratios during each Trading Event. This data will be available through a subscription service from early 2016;
- GDT will increase liquidity by creating larger pools of demand and supply by aggregating product groups. An initial focus on offering a Milkfat sales group that combines AMF and Butter will be available in early 2016.
GDT says the changes have been built on support from the Advisory Board and through public consultation.
See GDT’s announcement here.
See the full document of GDT Market Rules here.
