MERCHANDISER
LEADING INTERDEALER BROKERS in the European energy markets – ICAP, Marex Spectron, and Tullett Prebon – have launched Tankard, a series of trade- backed natural gas indices for UK and European hubs. Initially covering the four leading traded natural
gas hubs in Europe – the UK National Balancing Point (NBP), Dutch Title Transfer Facility (TTF), German NetConnect Germany (NCG) and GASPOOL – each Tankard index is calculated exclusively using transaction prices for contracts for physical delivery at their respective hub, executed via one of the three brokers. In 2012, they arranged an estimated €450 billion notional value of physically settled natural gas forwards. Richard Frape, Director of Market Services at
Marex Spectron, comments, “Providing robust and transparent indices based on actual trades will go a long way towards increasing the level of transparency in the European natural gas market. This collaboration between the three largest brokers in the OTC market for European natural gas is likely to provide a sound foundation for related physical activity.”
IntierraRMG & WBMS Combine For
Metals Industry Analysis & Reporting IntierraRMG and World Bureau of Metal Statistics (WBMS) have joined forces to promote the highly respected WBMS reports, complementing IntierraRMG’s already well-known stable of industry reports and databases.
Launched in 1947, WBMS now collects and collates
data from a huge number of global sources. More than half a century later, its massive and regularly updated database forms the basis of printed and electronic publications aimed at the many and varied users of metal statistics.
IntierraRMG’s M.D. Peter Rossdeutscher said;
“World Bureau of Metal Statistics is known by almost everybody involved with the global metals industry. Its publications provide reliable, valuable information that provide organisations with real market insight.”
The WBMS publications being provided through IntierraRMG include; the monthly World Metal
Trade-Backed European Natural Gas Indices Launched The trades that make up the Tankard indices are
physically-settled natural gas forwards, executed between utilities, natural gas producers, hedge funds, banks and trading houses. Tankard publishes Day-Ahead, Weekend-Ahead and
Month-Ahead indices for NBP, TTF, NCG and GASPOOL and a 15:25 to 15:30 index (UK time) for NBP (Tankard 15:30). The Tankard indices comprise the volume- weighted average of voice and electronic trades arranged by the IDBs. Tankard notes the developing standards for financial
benchmarks, particularly the current ESMA/EBA Consultation Paper Principles for Benchmarks-Setting Processes in the EU and the IOSCO Consultation Report on Financial Benchmarks. The IDBs forming the Tankard collaboration are committed to ensuring that the indices are produced in line with best practice as developed by the regulators and will implement any rules or guidelines as and when they emerge. • Tankard plans to extend these indices to further hubs. Data and the methodology are available at:
www.tankardindex.com
Statistics and Yearbook, Metallstatistik (2001–2011), and quarterly Stainless Steel Statistics.
The monthly World Metal Statistics report contains
comprehensive up-to-date details of production, consumption and trade of the major non-ferrous metals (Aluminium, Antimony, Cadmium, Copper, Gold, Lead, Molybdenum, Nickel, Silver, Tin and Zinc). Metallstatistik (2001-2011) incorporates some 500 pages of statistics, and contains authoritative data for all the major non-ferrous metals, together with production and consumption data for some minor metals. This detailed information is available for the past 11 years, with production data since 1900.
Summarising the new inter-company relationship, Sue Eales, WBMS M.D. said; “WBMS remains a wholly independent and unaffiliated organisation; trusted throughout the global industry. We are delighted to be partnering with IntierraRMG in this exciting opportunity.” •
www.world-bureau.com www.intierraRMG.com
• NICKEL • ELECTRICITY • COCOA • OIL • PULSES • SOYBEANS • NATURAL GAS • GRAINS • FUTURES • VAR • •OPTIONS •COFFEE •SOFTWARE • ALUMINIUM • EXCHANGES • SILVER • OTC• BANKS • TRADING • RESEARCH • • COAL • ANALYSIS • GOLD • SUGAR • FORWARDS • TIN • INDEX • PLATINUM • TEA • LEAD •EMISSIONS • RUBBER • • MINING • CLEARING • SWAPS • PALLADIUM • CONCENTRATES • WEATHER • RENEWABLES • DEREGULATION • • ZINC • DIAMONDS • ONLINE TRADING • CFDs • BUY • INTERNET • COPPER • RHODIUM • • CLIMATE CHANGE • STEEL • REGULATION • RISK MANAGEMENT• TRADING SYSTEMS • SELL • WAREHOUSING • • NUCLEAR • EMERGING MARKETS • ENERGY STRATEGIES • GREEN CERTIFICATES • CO2
• TRANSMISSION • ASSET VALUATION • TECHNOLOGY • HEDGE FUNDS • ELECTRONIC • CARBON TRADING • • INVESTING • FEEDS • PRIVATISATION • INVESTMENT • AUTOMATION • DERIVATIVES • FORECASTS • ETFs •
• CONTRACTS • PORTFOLIO • March 2013 13
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