London - 25 November 2013 – Tankard, a collaboration between ICAP Energy Ltd, Marex Spectron and Tullett Prebon, the three leading interdealer brokers in the natural gas market, announces today that its indices are now available on Thomson Reuters and Bloomberg.
The Tankard indices cover the four leading traded natural gas hubs in Europe – the UK National Balancing Point (NBP), Dutch Title Transfer Facility (TTF), German NetConnect Germany (NCG) and GASPOOL. Each Tankard index is calculated exclusively using transaction prices for contracts for physical delivery at their respective hub, executed via one of the three brokers that comprise Tankard. Covering a significant proportion of the EU natural gas market, Tankard is the only provider of observable trade-backed indices in each of the major UK and European hubs with no element of voluntary or selective submission.
All Tankard indices comprise the volume weighted average of voice and electronic trades arranged by ICAP, Marex Spectron and Tullett Prebon and follow UK local time and the UK business day calendar. Day-Ahead and Month-Ahead indices are published daily at 18:00. The Weekend-Ahead index is published at 18:00 on the last business day of the week. The Tankard 15:30 index is published daily at 16:00. Tankard index data and the methodology are available at www.tankardindex.com.
Richard Frape, Director of Market Services at Marex Spectron, said: “Tankard’s agreement with Thomson Reuters and Bloomberg increases access to our pricing data and offers a new distribution channel for our indices.”
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Notes to Editors:
Tankard indices are available on Bloomberg and Thomson Reuters under the following codes.
Thomson Reuters: <TANKARD>
Tankard is a collaboration between ICAP, Marex Spectron and Tullett Prebon, the major interdealer brokers in UK and European natural gas. For further information about Tankard, or for licensing enquiries, please contact firstname.lastname@example.org
ICAP Energy Limited
ICAP Energy, a subsidiary of ICAP plc, is an innovative leader in the energy and shipping industries, providing full-service and over-the-counter broking and advisory capabilities to a broad spectrum of businesses throughout the world.
The group has approximately 350 staff located in London, North America, Singapore, Sydney, Geneva, Bergen, Amsterdam, Madrid, Copenhagen and Sao Paulo. ICAP Energy offers real-time price discovery and execution services in crude oil and oil products, biofuels, agriculture and softs, base and precious metals, iron ore, electricity, natural gas, coal, emissions, freight, weather derivatives and physical products. ICAP Energy was voted “Overall Energy Broker of the Year” for the 8th successive year in Energy Risk 2013 Commodity Rankings.
For more information please visit www.icapenergy.com.
Marex Spectron Group
Marex Spectron is one of the world’s largest privately held brokers of financial instruments in the commodities sector and a leader in facilitating trade in physical energy products.
We are the conduit for clients transacting in raw materials and related derivatives. We do so efficiently, discretely and with confidence, on or off-exchange.
We provide liquidity in commodity markets that are frequently difficult for clients to access or that require specialist knowledge to navigate successfully.
We connect our clients to any of the world’s major commodity exchanges via state of the art networks. We provide a full suite of services to trading companies who need to outsource infrastructure and support operations.
We also broker financial futures and options, foreign exchange, fixed income and equity securities.
Our aim is to provide our clients with a global, integrated service that enables them to trade how they want to trade: by voice, on electronic platforms or through trading floors where possible.
Our clients are predominantly commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
We are members of the London Metal Exchange (where we are a Ring Dealer), the CME Group exchanges, ICE US, NYSE Liffe, ICE Futures and Eurex.
We are over 600 market professionals, headquartered in London with offices across Europe, North America and Asia.
Tullett Prebon Group Limited
With a heritage stretching back over 140 years and a presence in 24 countries, Tullett Prebon is one of the world's largest interdealer brokers. It acts as an intermediary in the wholesale financial markets across the following product groups: Energy & Commodities, Interest Rate Derivatives, Fixed Income Securities and their derivatives, Treasury Products and Equities.
In 2013, Tullett Prebon was voted the Broker of the Year at the Energy Risk Awards 2013. The Energy & Commodities division provides a single comprehensive source for price information and liquidity, alongside insight and information on virtually every sector of the market.
For further information please visit www.tullettprebon.com.