Spectron to launch LPG web-trading platform

UK energy broker Spectron will launch an online trading platform for liquefied petroleum gas (LPG) on Tuesday (February 22). Spectron said the screen will be the first to allow the trading of LPG in both the east and west, as outrights or spreads, and also the first to offer LPG and naphtha (which is used for chemical production) together.

The platform will be supported by a team of voice brokers. The hybrid voice/screen broking approach is now the standard model on which all the major gas and electricity brokers operate in Europe. The screen runs on the same system from Trayport that Spectron uses for its gas and power platforms.

Erik Hansen, who has headed up LPG trading teams at both Enron and Louis Dreyfus, has been instrumental in setting up the screen, and will continue to be involved in its marketing post-launch.

Screen

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