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.
The week on Risk.net, October 6-12, 2017Receive this by email
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