Prebon closes emissions desk
Prebon president Ed Novak said in a statement: “Given current market conditions, we have decided to focus our energies in other areas where we believe we can offer value to our customers, including – but not limited to – the natural gas and electricity market.”
Meanwhile, other brokerage firms appear to be building up their emissions capabilities. In October, US broker Refco joined the Chicago Mercantile Exchange as a charter member, and UK energy broker Spectron launched an online trading platform for European environmental markets.
Paul Lyon
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