Milford, DE -- (ReleaseWire) -- 02/24/2014 -- Adding to Group’s broad electronic trading of energy products
Herrington Global announced today that it has successfully launched a number of Gas Basis products on Energy Mix®, Herrington Global’s leading electronic trading platform for energy and commodities in Asia and executed a number of trades for clients on the system.
The new product offering caters not only to gas basis traders but to Asian power traders enabling them to trade Asian gas basis markets alongside Energy Mix’s competitive electronic power markets on one screen.
Glen Buckley, Executive Vice President and President of the Asian Markets for Herrington Global, said: “we are pleased to offer our clients, especially the Asian traders, another means of execution. Our hybrid mix of experienced professionals and leading edge technology combined with a choice of clearing venue will enhance and simplify the trading experience for our customers“.
Energy Mix is a web-based electronic marketplace offering clients the ability to trade thousands of unique swap products ranging from physically cleared west power swaps to financial gas basis. Energy Mix® integrates liquidity from both desks at Herrington Global and its subsidiaries, as well as dedicated screen market makers to offer one liquidity pool displaying firm and tradable prices with the ability to clear at any venue the end user chooses.
Energy Mix® currently serves the following markets: East Power, Zonal Power, ERCOT Power, Physically Cleared West Power, Natural Gas Options and now Gas Basis.
The Floating Price for each contract month will be equal to the Herrington Global Inside FDRC's Gas Market Report ("Herrington Global IFDRC") and Herrington Global Index ("Index") published in the table titled "Prices of Spot Gas Delivered to Pipelines" in the first regular issue of the contract month minus the Natural Gas Futures contract final settlement price for the corresponding contract month.
About Herrington Global
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors (“RIAs”). We provide our services predominantly through the Internet, international partnerships networks and relationships with RIAs. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
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