Trading opportunities in the Nymex frac spread

The US natural gas market has undergone major changes in recent years. After several decades of rigid regulation, the natural gas industry is currently free to compete on the wholesale level and, in a growing number of regions in the US, at the retail level. The result has been a considerable increase in the production of natural gas, sweeping changes in the structure of the industry, and the growth of a fluid market in natural gas futures and options to cope with pricing uncertainties. One outc

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