Tradition Starts Dealing Over-the-Counter Italian Power Options
By Rachel Morison -
2012-09-11T16:43:30Z
Tradition Financial Services concluded its first over-the-counter Italian power option transaction.
The deal was for a 1.75 euro-a-megawatt-hour call option on the 2013 power contract for 50 megawatts at 72.10 euros ($92.71) a megawatt-hour, the brokerage said today in an e-mailed statement. The option expires on Dec. 20, Tradition Financial said. Call options give the buyer the right to purchase at a certain price.
To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net
To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.