Natural gas storage swaps catch on
London-based GFI has brokered its first over-the-counter (OTC) swap based on US natural gas inventory data, between Houston-based hedge fund Centaurus and another unnamed hedge fund. Centaurus also traded a second such swap on the same day, with an unnamed physical energy trader.
GFI says this new type of deal is catching on fast – in the week since the first trade settled in May, it has done several others like it. Certainly, Centaurus
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