MF Global establishes nuclear trading desk

Broker MF Global has set up its first nuclear fuel trading desk. Based in London, the new desk will provide the primary nuclear fuel market with a forum for the sale and purchase of physical uranium oxides, as well as a suite of uranium price hedging and exposure products.

Scott Lawrence, the former head of nuclear fuel markets at London-based inter-dealer broker Tullet Prebon has been hired specifically to oversee the desk.

“In today’s carbon sensitive environment, nuclear power generation will continue to play an expanding role in the future supply of reliable base-load electricity,” says Lawrence. “A liquid, transparent physical uranium market is imperative to the continued growth of direct investment into fuel supplies.”

The new desk will offer trading of