Gas ring

First UK gas CSO trades through Marex Spectron

Fri, 12/07/2013 - 12:04

Marex Spectron Group, a commodities and financial markets brokerage, has facilitated the first brokered NBP Calendar Spread Option (CSO). 

The CSO, a Sep/Oct -3.0 put option, giving the owner the right to sell Sep/Oct NBP at 3.0 p, traded at a premium of 0.9 p/th.
The two counterparties to the trade were EDF Trading and RWE Supply & Trading. 
“We are delighted to have been involved in such a landmark trade and hope we can continue to contribute to the development of interest and liquidity in this exciting new type of option,” says Chris Dougan, head of energy options at Marex Spectron. 

Marex Spectron’s energy options desk is a long-established broker of options in gas, power, coal, emissions and crude oil markets. Marex Spectron is also a major broker of options on the freight, metals and agricultural product markets.    

Subscribe to free daily newsletter
from our other sites
VP/SVP Credit Quant- NY- Investment Bank

Sun, 28 Dec 2014 00:00:00 GMT

Quantitative Research | Equity | New York

Sat, 27 Dec 2014 00:00:00 GMT

SVP Model Validation

Sat, 27 Dec 2014 00:00:00 GMT

2 weeks 1 day from now - New Orleans
3 weeks 3 days from now - Boston
3 weeks 3 days from now - New York
4 weeks 18 hours from now - New York