Trading CME listed electricity futures

[newdog]

I am interested in knowing what broker people have used for trading the following PJM electricity futures instrument listed on CME

CME already gives list of brokers but none of them I have heard of.

Any experience regarding commissions, minimum trading volume and other transaction costs will be helpful.

 

[Robert Morse]

I have received a few calls on these products. When trying to place the prospective client, I have been told many times that the FCM often do not allow access to these unless the client has a large balance sheet or is a hedger.

 

[Sig]

I have received a few calls on these products. When trying to place the prospective client, I have been told many times that the FCM often do not allow access to these unless the client has a large balance sheet or is a hedger.

Additionally I'm not sure there is a market maker type continuous market for these like the more common commodities. They are more cleared OTC brokered deals. And to get someone to invest the time to line up a counterparty for you, you'd need to be doing large transactions.

 

[newdog]

I have received a few calls on these products. When trying to place the prospective client, I have been told many times that the FCM often do not allow access to these unless the client has a large balance sheet or is a hedger.

What does large balance sheet mean? What number would you put on it? Will $500k cut it?

 

[Sig]

What does large balance sheet mean? What number would you put on it? Will $500k cut it?

This falls into the "if you have to ask, you can't afford it." category.

Generally a large balance sheet means a public or large private company. Someone who could issue debt and have it rated investment grade. Significantly more than $500k.