Tullett Prebon brokers first physical fuel grade ethanol trade
Inter-dealer broker Tullett Prebon’s biofuel desk has completed its first trade in physical fuel grade ethanol.
The biofuel desk, launched in August 2007, also brokers physical parcels of biodiesel encompassing a range of blends and constituent components.
According to Tullett Prebon, the biofuel team is working with major market participants to develop a paper market which will run in conjunction and will price against both biodiesel and ethanol physical quotes.
“The biofuel desk’s success is an exciting new area of growth for the group’s energy offering,” says Andrew Polydor, head of EMEA energy at
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