Convergence in Atlantic Basin coal
Trading in the Atlantic Basin is a true success story. There is an impressive array of banks, hedge funds, producers, generators, energy marketers and export traders who are trading everything under the sun: coal, ocean freight derivatives (forward freight agreements), natural gas, oil, power and CO2 credits. They are trading these products outright, as well as together in the form of spark spreads, dark spreads and freight arbitrage trades. Thanks to the growth of physically-settled OTC trading
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