Recent content by hen12y

Does anyone here have any exposure in their book to CME Gasoil and brent? We do bundles of it on ICE but i'm wondering who in the states trades it through clearport?

its only really the trading desk who understood it, everyone above, from the general manager of our division to the global head of trading didnt have a clue!

will your clearer let you take ICE gasoil futures on? I know someone who would probably be willing to share so long as you do the odd bit with them. Drop me an IM!

it's only really known by BP Shell Vitol Mercuria Addax Statoil and the players which have physical bbls in the region, and also active trading desks.... and their Brokers! For example a lot of Fortis crude, which sets the brent contract as it is the lowest of the BFOE grades, is held offshore...

FAS used to be the bane of my existance in my previous Job. You have a physical crude cargo hedged with futures and the underlying price goes up (back in 2008 this was, it was always going up) you obviously get a MTM gain on your physical and MTM loss on your hedge. But you can only book the...

When the IPE shut down it all went screen based, the only open outcry pit left in london is the London Metals Exchange. The Nymex pit is still open along with a few others i cant remember off the top of my head over stateside, but thats about it i think!

ICE Brent and Gasoil are always much tighter from market makers or brokers than on screen for info.

clicked your profile but cant see if you're UK based or not? If UK you are assumed to be a retail client in your current position, you can ask your broker to treat you as a prof. client if you so wish but that involves you signing some forms to say you are competent and dont need to be told...

well for gods sake, dong buy or sell anything just yet then :D

Historically brent has been about 5% underneath WTI over the last 10 year period, over the last 6 months brent has been about 20% over WTI, and the arb has collapsed to -$20. from high stocks at cushing, the WTI delivery point fed partially from the new keystone pipeline, and secondly trouble...

TI on ICE is financially settled, TI on Nymex/Globex is physically delivered at Cushing when the futures expire. Brent Gasoil and TI options all settle into the futures several days before the futures expire. Option expiry is 7.30pm for the crudes and 4.30pm for the GO, the longs then have 1...

Its generally a punt on weekly stats, pipeline volume and several other factors. My clients use it because they ship crude bought on a brent basis from persian gulf or NW Europe, and sell it on a WTI basis in the US Gulf or elsewhere on the east coast. Its actually a hedge for them. If you...

For the first 3 months of the year VaR on the arb (spread between WTI-Brent) was approx equal to the VaR on the flat price. With Cushing stocks and on stats day we regularly saw TI going 50c one way, brent going 50c the other way, and the arb blowing out by $1 Generally yes, spreads have...

we see them generally used in the week prior to expiry for people to flatten their options positions off. i've never seen people trying to actually create a strategy out of using them, but guess there must be pennies there for pinching, but there certainly cant be much. Probably the same amount...