Nuclear launch at Tullett Prebon

Inter-dealer and energy broker Tullett Prebon has launched a nuclear fuel derivatives desk, adding to its presence in the power, gas, oil, coal and emissions markets.

The desk will initially offer utilities, miners, banks and funds a suite of standardised financially settled contracts on U3O8, the most common form of uranium oxide, but other areas of the fuel cycle as well as wider, cross product applications will be investigated 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," says Tullet Prebon’s head of nuclear fuel markets Scott Lawrence, who is overseeing the launch.