Tradition’s Biofuels Desk closes the first ever Rapeseed Oil Swap

August 03, 2010

On 3 August 2010 Tradition’s London based Biofuels desk closed the world’s first rapeseed oil swap between TOTSA S.A., based in Geneva, and a continental based fuel distribution company. The deal was for 1,000 metric tonnes for settlement in August 2010. The swap will be settled against the rapeseed oil FOB Dutch Mill Euro/T quote in Argus Biofuels, published by Argus Media.

Kees Schipper, Senior Broker, Biofuels at Tradition comments,

“With the ongoing growth in biodiesel and grain derivatives market, trading of rapeseed oil swaps is a natural progression. Tradition is a full service energy broker and biofuels are the latest product to be added to our range of products covered”

Enquiries:
Regina Malzburg – Marketing & Communications, Tradition
Tel: +44 (0)20 7198 5819

About Tradition:

Tradition is one of the world’s largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 27 countries, Tradition employs 2,530 people globally. Tradition is the interdealer broking arm of Compagnie Financière Tradition (CFT) and listed on the Swiss stock exchange.

For more information, please visit www.tradition.com.

About Tradition Energy

Tradition Energy is one of the world’s largest energy procurement advisors to commercial, industrial and governmental organizations, including Fortune 500 global companies. Tradition Energy is the commercial arm of Tradition’s award-winning institutional energy brokerage division, which has eight offices worldwide, with over 300 energy specialists and has been in the energy business since 1986. Represented in 27 countries, Tradition employs over 2,500 people globally. Tradition is the interdealer broking arm of Compagnie Financière Tradition (CFT) and is listed on the Swiss stock exchange. For more information, please visit www.traditionenergy.com or

Tradition Energy
3050 Post Oak Blvd., Ste. 530, Houston, TX 77056
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www.TraditionEnergy.com