Refco hires OTC energy broking team

Ward and Riddell each have some 13 years of experience in the energy markets, including broking OTC energy options, and will be able to offer new products to Refco clients.

Initially they will broker oil, natural gas and power, said Rob Cole, director of energy at Refco Overseas, but the company may move into other energy-related areas, such as weather and emissions.

The Refco group already brokers a lot of exchange-traded energy futures, including contracts both in Europe and the US – it is one of the world’s largest non-bank futures commission merchants. The company now wants to expand into the OTC energy market, said Cole.

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