ISITC Publishes Updated Listed Derivative Market Practice

ISITC’s Derivatives Working Group outlines guidelines for processing negative trading prices on commodity futures

Bridgewater, NJ, June 1, 2020 — ISITC, the industry trade group focused on developing standards and best practices in financial services operations, announced the release of its latest version of the market practice document, “Listed Derivative Market Practice Guide.” ISITC’s Derivatives Working Group developed the document to help users of the SWIFT network process negative trading prices on commodity futures. The effort was spurred by recent market event disruption caused by the COVID-19 pandemic”