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Sucden Financial is a clearing member of ICE Futures Europe and is active in all futures and options contracts. We also trade extensively on NYMEX on all the major contracts listed. Sucden Financial trades for a multitude of clients including producers, refiners, traders and speculators who are serviced from our Industrial Commodities Desk.
The Desk provides a daily insight on market activity and is assisted by our research department who supply a daily technical and fundamental report.
Gas Oil
Gas Oil contract specification
ICE Futures' Gas Oil futures contract is a highly flexible and liquid contract and has developed into a benchmark for spot middle distillate across north-west Europe and beyond. It was ICE Futures' first futures contract to be launched in 1981 and is often referred to as 'heating oil' in Europe or the USA.
Brent Crude
Brent Crude contract specifications
The ICE Futures Brent Crude futures contract is key for establishing the most important international oil price benchmark in the world. The Brent Blend complex consists of three related markets; dated or physical Brent, forward Brent and the futures contract on ICE Futures.
WTI Crude
WTI Crude contract specifications
The ICE WTI contract was launched in early February 2006. It settles differently to the NYMEX contract, however there are some good arbitrage opportunities.
WTI Crude
WTI crude contract specification
Crude oil is the world's most actively traded commodity, and the NYMEX Division light, sweet crude oil futures contract is the world's most liquid forum for crude oil trading, as well as the world's largest-volume futures contract trading on a physical commodity. Because of its excellent liquidity and price transparency, the contract is used as a principal international pricing benchmark.
Additional risk management and trading opportunities are offered through options on the futures contract; calendar spread options; crack spread options on the pricing differential of heating oil futures and crude oil futures and gasoline futures and crude oil futures; and average price options.
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The contract trades in units of 1,000 barrels, and the delivery point is Cushing, Oklahoma, which is also accessible to the international spot markets via pipelines. The contract provides for delivery of several grades of domestic and internationally traded foreign crudes, and serves the diverse needs of the physical market.
Heating oil
Heating oil contract specification
Heating oil, also known as No. 2 fuel oil, accounts for about 25% of the yield of a barrel of crude, the second largest 'cut' after gasoline. The heating oil futures contract trades in units of 42,000 gallons (1,000 barrels) and is based on delivery in New York harbour, the principal cash market trading centre. Options on futures, calendar spread options contracts, crack spread options contracts, and average price options contracts give market participants even greater flexibility in managing price risk.
New York Harbor RBOB Gasoline
RBOB specification
Gasoline is the largest single volume refined product sold in the United States and accounts for almost half of national oil consumption. It is a highly diverse market, with hundreds of wholesale distributors and thousands of retail outlets, often making it subject to intense competition and price volatility.
Natural Gas
Natural Gas contract specification
Natural Gas accounts for almost a quarter of United States' energy consumption, and the NYMEX Division natural gas futures contract is widely used as a national benchmark price. The futures contract trades in units of 10,000 million British thermal units (mmBtu). The price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region's prolific gas deposits. The pipelines serve markets throughout the U.S. East Coast, the Gulf Coast, the Midwest, and up to the Canadian border. An options contract and calendar spread options contracts provide additional risk management opportunities.
Electronic Trading
Clients are offered electronic futures and options trading on a variety of different markets through STAR, Sucden Financial's trading platform, developed by in-house specialists. |
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