ROFEX has rolled out the trading of oil futures contracts, Mondovisione reports. The new offering by the Argentine bourse will have no physical delivery of the product and will be settled by delivering or receiving cash that covers the difference between the original price and the final settlement price.

The size of the oil contracts is 10 barrels and it will be quoted in dollars. The new product allows ROFEX to provide possibility of price coverage for domestic financial assets related to oil and investment in oil through a financial asset traded, cleared and settled in the local market.

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