Can the boutique energy brokerage survive Dodd-Frank?
Endangered species?
For many years, US government oversight of over-the-counter derivatives was minimal, and there weren’t many barriers to launching a new brokerage specialising in OTC energy products. That led to an abundance of boutique brokerages, some of them tiny enterprises with just two or three brokers and quirky names such as ‘It’s All Good Energy Brokers’. Though estimates vary and there is no official tally, insiders estimate that there are around 50 oil options brokers and some 60 or 70 natural gas
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