The TTF contract was traded for one of Marex Spectron’s major energy clients on the first day of the new products’ availability. A day later, on 20 January, Marex Spectron executed the first trade of the CME Europe’s new monthly UK (NBP) Natural Gas future, ending day 2 of trading in the new contract by arranging 3 block trades with a total of 75k Therms.
Jeremy Elliott, Managing Director, Energy, at Marex Spectron, said: “CME Europe’s new European Gas futures add an important new dimension to these markets, introducing further competition and giving our clients greater choice. I am delighted that we were the first to trade the gas contracts: it demonstrates that there is real demand for these products and the faith our clients have in our ability to deal safely and confidently even with entirely new products.”
The new contracts are financial and physical cleared products that are available to trade via straight through processing on Marex Spectron’s market venue from today. They are:
For all contracts, the front month will be March 2015, the prompt will be available from February 2nd 2015.
Please note: This release was updated on 21 January 2015b to reflect the first NBP trades.
For further information, please contact Richard Lindsay on +44 (0)20 7655 4091 or rlindsay@marexspectron.com
About Marex Spectron
Marex Spectron is one of the world’s largest privately held brokers of financial instruments in the commodities sector and a leader in facilitating trade in physical energy products.
We are the conduit for clients transacting in raw materials and related derivatives. We do so efficiently, discretely and with confidence, on or off-exchange.
We provide liquidity in commodity markets that are frequently difficult for clients to access or that require specialist knowledge to navigate successfully.
We connect our clients to any of the world’s major commodity exchanges via state of the art networks. We provide a full suite of services to trading companies who need to outsource infrastructure and support operations.
We also broker financial futures and options, and fixed income and equity securities.
Our aim is to provide our clients with a global, integrated service that enables them to trade how they want to trade: by voice, on electronic platforms or through trading floors where possible.
Our clients are predominantly commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
We are members of the London Metal Exchange (where we are a Ring Dealer), the CME Group exchanges, ICE US, NYSE Liffe, ICE Futures and Eurex.
We are 600 market professionals, headquartered in London with offices across Europe, North America and Asia.