Search results

NYMEX Europe Limited to Launch Open Outcry Trading in London on September 12 NEW YORK, N.Y., August 25, 2005 — NYMEX Europe Limited announced today that it expects to launch its open outcry trading floor on September 12, at 131 Finsbury Pavement, offering Brent crude oil futures and...

A Brent ETF started trading last month on the LSE: http://www.londonstockexchange.com/en-gb/about/Newsroom/Media+Resources/Welcome+Stories/2005/280705brent.htm And a couple more are in the works: http://www.phlx.com/news/pr2005/05pr062205.htm...

Unless Chavez decides that he is going to hold all of PDVSA's production for domestic consumption/storage, the crude that is currently coming to the US from Venezuela will most likely still end up in the US. At the end of the day PDVSA's crude will go the the highest bidder, regardless of...

Nymex in talks to extend link with CME By Jeremy Grant in Washington and Kevin Morrison in London Financial Times Published: August 18 2005 23:54 The New York Mercantile Exchange is in talks with the Chicago Mercantile Exchange about extending its use of the CME’s electronic trading...

Thought this might be of interest... Blackstone, General Atlantic in NYMEX bid-sources (Changes first paragraph to add new source; adds details) NEW YORK/PHILADELPHIA, Aug 15 (Reuters) - Two private equity firms and a venture capital firm are expected to launch a joint bid to buy a...

Accurate intraday NYMEX volume does not exist.

Perhaps my view is skewed as most of my contacts and I aren't trading/broking vanilla swaps, most are traded long-dated products and/or options. If you're trading vanilla products ICE is probably your best friend, but not so if that's not the case. Is ANYONE trading on Clearport? The only...

I know two of them and they're both great traders but I wouldn't classify either of them as top 30 under 30, in terms of P/L.

Nat Gas is delivered everyday, care to explain? Are you talking about expiration?

The major oil companies do the majority of their trading in the OTC markets.

No idea but it's definitely a lot higher than 3-4%, I'd guess it's somewhere in the 20-30% range on NYMEX...

Rather than PM, let's keep it in the open, it'd be nice to see the discusssions regarding energy markets pick up... I can't comment on the bank arb desk situation (equities I assume) as all of my experience is in energy, primarily OTC. Perhaps you're right but if I were looking for...

Sure, at the larger energy companies and banks most are on salary + bonus but at most of the energy funds and smaller energy energy shops, your income is generally a percentage of P/L. Yes you see order flow but when a customer calls they're generally not looking for a vanilla product (e.g...

Just because someone trades for an energy shop doesn't mean they're any less concerned about their P/L than someone trading a personal account. I've been on both sides of the aisle and there's as equal amount of "sweating the ticks" on both sides. Furthremore, how can you compare a guy...

For the average "retail" trader, there isn't a benefit, as ICE caters to the commercials. If I were in your shoes I would trade IPE Brent as it's the most liquid, screen traded, energy product.

40-50 lots on what product? NYMEX look-a-likes? Regardless, if you have access to enough capital to trade OTC or you only want to the contracts that can be cleared via LCH, call ICE and ask them to set you up with a view only trial.

I agree, for futures (and short dated CL and NG vanilla options) the business will eventually move to the screen but I would be very surprised to see long dated and/or complex NG and CL options as well as any HU and HO options beyond the front two months, on a screen. I think that there's a...

The delivery point for NYMEX CL is Cushing, OK.

There are numerous factors but to mention a few: global supply and demand for the various crudes and products, crack spreads, shipping, USD, refinery capacity, product specifications (sulfur content, API gravity), etc.

Much of the open interest in long-dated CL is producer/refiner/end-user hedging and/or long term macro plays, not punters.