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ICE Futures Europe Adds Coal Offsets, Cuts Margining Costs
2010-09-28 10:37:02.425 GMT
By Mathew Carr
Sept. 28 (Bloomberg) -- ICE Futures Europe will add
starting tomorrow to the number of contracts that traders can
use to offset margining costs against coal futures, according to
the brokerage GlobalCOAL.
Coal traders will be able to offset the margin, or
collateral held against Henry Hub natural gas, U.K. baseload
power, Brent first-line swaps and three fuel-oil contracts,
GlobalCOAL said in an e-mailed statement said. GlobalCOAL is co-
operating with ICE to develop the coal futures market.
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To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
