Tullett Prebon Bursts Into Nuclear Fuel Market

Tullett Prebon, a global inter dealer and energy broker, launched a Nuclear Fuel Derivatives desk following business in the power, gas, oil, coal and emissions markets. The desk initially will offer utilities, miners, banks and funds, a suite of standardized

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Tullett Prebon, a global inter-dealer and energy broker, launched a Nuclear Fuel Derivatives desk following business in the power, gas, oil, coal and emissions markets.

The desk initially will offer utilities, miners, banks and funds, a suite of standardized financially settling contracts on U3O8; however, the desk is intending to look at other areas of the fuel cycle as well as wider, cross-product applications in the near future. “It’s important that the foundation of a new derivatives market is built off simplistic products from which more tailored optionality and structures can be underpinned,” said Scott Lawrence, who is overseeing the operation at Tullett Prebon.

Andrew Polydor, head of EMEA energy at Tullett Prebon, outlined the importance of having a complete set of products available to clients.

“Commodity market synergies clearly emphasize the value in offering comprehensive coverage, and being instrumental to the development of new products firmly demonstrates our commitment to the energy marketplace,” he said.

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