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Spectron named Broker of the Year 2006
Spectron Group, the global energy broker, has been named Broker of the Year by Point Carbon, the leading news service and analysis provider for emissions in Europe.
James Blunt, head of Spectron’s emissions desk, accepted the award – which is voted for by traders – in Copenhagen at Carbon Markets Insights, Europe’s largest CO2 and emissions conference, organised by Point Carbon.
“We are delighted to receive this award, particularly as it is decided by the trading community,” said James Blunt. “We have always aimed to offer our clients the very highest levels of service, and I would like to think that at least a small part of this award is in recognition of that. I hope we can continue to build on our reputation and offering over the coming year and would like to thank everyone who voted for us.”
For all press enquiries, please contact:
Richard Frape
Director of Market Services
Spectron Group
+44 (0) 20 7074 2008
Richard.Frape@spectrongroup.com ""
First OTC REC Option traded
Spectron, continuing its long history of innovation, has brokered the first OTC US REC (renewable energy credit) option.
The 2008 New Jersey Class 1 REC Call option, with a strike price of $15, an expiration of May 31, 2008, and contract volume of 10,000 MWh, was agreed at a premium of $2.00. The names of both counterparties involved in the trade are to be kept confidential.
“We are delighted to have been involved in this landmark deal – there certainly appears to be demand for derivative trading among OTC REC traders, and we hope that we can help stimulate increased interest and liquidity in this new area,” said Mike Ferguson, Senior Vice President of US Environmental Products at Spectron.
Spectron Energy is active in all US environmental markets including SO2, NOx, and REC’s. Carbon regulation is on the horizon in the US, and we are eager to apply our experience and knowledge gained in the EU ETS to this developing market.
For further information, please contact:
Richard Frape
Director of Market Services
Spectron Group
+44 (0) 20 7074 2008
Richard.Frape@spectrongroup.com ""
First OTC CO2 option trades for CCFE
Spectron, continuing its long history of innovation, has brokered the first OTC CO2 option settled against the Chicago Climate Futures Exchange (CCFE).
The December 2010 CCFE $3.00/$4.00 strangle option was concluded at a premium of $1.30, for 10,000 tonnes of CO2. The names of both counterparties involved in the trade are to be kept confidential.
“We are extremely proud to have been involved in yet another landmark emissions deal – it’s a testament to the hard work our team has put in and to our growing reputation as the one-stop shop for environmental products in the US.” said Mike Ferguson, Senior Vice President of US Environmental Products at Spectron.
In June Spectron brokered the first OTC REC (renewable energy credit) option in the US.""
Broker of the Year 2007
Spectron has been voted "Broker of the Year" in the Energy Business Awards 2007.
For all press enquiries please contact: richard.frape@spectrongroup.com +44 20 7074 2008""
Spectron Bought by Imarex
14th February 2008 – Spectron Group has been bought by Imarex, the leading freight derivatives broker and owner of NOS, the Norwegian clearing house.
The merger means Spectron will be part of a much bigger group – giving it the scale, capital and resource to improve and expand its services globally, which should provide major benefits for clients.
The merger will not affect Spectron’s day-to-day operations; Spectron will still operate as Spectron from all of its current offices and there will be no job redundancies.
“We have spent 20 years building a global brand in energy and are now delighted to be joining forces with IMAREX – they are ideal partners as they share our strategic vision and passionate commitment to customer service,” said Spectron Group’s Chief Executive Officer, Andrew Stephens.
For all press enquiries, please contact Richard Frape:+44 207 074 2008 richard.frape@spectrongroup.com""
First Delaware Solar REC trades through Spectron Spectron Environmental, the global environmental products brokerage, has been involved in another market first – brokering the first ever Delaware Solar REC (Renewable Energy Credit) deal. The 2007 Delaware Solar RECs were priced at $225.00. The names of counterparties involved in the trade are to be kept confidential. In recent months Spectron has brokered several pioneering deals, including the first REC (renewable energy credit) OTC option trade in the US and the first CO2 OTC option trade settled against the Chicago Climate Futures Exchange (CCFE). In recent weeks Spectron has been particularly active on the Solar RECs market, and last month brokered a five-year New Jersey Solar strip for the period 2008-2012, setting much needed forward price levels for the NJ Solar market. Since the beginning of this year Spectron’s US environmental products team has more than doubled in size – the company now covers these markets from three key locations in the US. Spectron has also extended its coverage to include the ethanol/biofuels market. Spectron has also just set up a global structured emissions desk, concentrating on primary markets and CDM project origination as well as brokering nuclear fuels. It is at the forefront of servicing the growing interest in trading high-quality carbon offsets between Europe and the US and has just taken on a dedicated broker to focus on the Chinese environmental and nuclear markets. Spectron’s emissions team in Europe has also expanded significantly over the last few months, following the merger with Imarex, further boosting its market share of the EUA and CER markets.
“This is another landmark deal for the RECs market and another landmark deal for Spectron – we are delighted to have been involved and it further cements our reputation as the one-stop shop for environmental products in the US.” said Mike Ferguson, Senior Vice President of US Environmental Products at Spectron. ""
US Emissions House of the Year 2008
Spectron, the global energy and environmental products broker, has been named US Emissions House of the Year by Energy Risk magazine.
Spectron was given the award in recognition of its "pioneering work across the US emissions and environmental markets."
"Over the past 12 months, Spectron has set up some of the most innovative deals in the market, engineering several market firsts", Energy Risk said. "Staying one step ahead of regulation and other issues affecting market development is crucial. Spectron has proven itself to be well-equipped to tackle these challenges."
Gordon Bennett, managing director of Spectron North America, who collected the award, attributed the company's success to its focus purely on energy and environmental markets, as well as its global expertise. "Our goal is to become the global marketplace for environmental products," he said, "With trading hubs and pools of talent in London, Frankfurt, Stavanger (Norway), Singapore and across North America, we're extremely well-placed to serve these rapidly evolving markets."
Spectron has more than doubled the size of its US team over the past year. It now participates in all of the main environmental asset classes, including SO2 and NOx, CO2, compliance and voluntary REC markets and biofuels.
"We are extremely pleased to receive this award, particularly after a year in which we have worked so hard to boost our service offering and profile - the award specifically recognises our knowledge-based approach and commitment to customer service, said Mike Ferguson, senior vice president of environmental products at Spectron North America.""
For all press enquiries please contact: richard.frape@spectrongroup.com +44 20 7074 2008
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