Tradition Starts Dealing Over-the-Counter Italian Power Options
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 firstname.lastname@example.org
To contact the editor responsible for this story: Lars Paulsson at email@example.com