ODL brokers record gas oil options deal

ODL Securities has brokered the largest ever deal in exchange-traded gas oil options.

The deal took place in September on the IntercontinentalExchange (ICE) and was for 6,000 lots or 600,000 tons of gas oil. It was a strategy based on the November gas oil contract and expires on November 5.

"We're very pleased that within the space of a year we've been able to build up our options business to a level where we are breaking new ground within the market," says Glen Ward, joint head of commodities

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