Tradition’s Central and Eastern Power Desk closes the first ever brokered Greek power trade

November 24, 2010

On Wednesday 24 November 2010 Tradition’s Eastern Power Desk closed the first ever brokered Greek power trade for the product of Greece Financial Base-load (EET 00-24) for Thursday 25 November 2010 at the price of 40.5 €/MWh. The trade will be settled against the SMP (System Marginal Price) price as published by the HTSO (The Greek Grid operator). It is a purely financial contract with no physical delivery.

Jason Curtis, Manager C.E.E., S.E.E. and Italian Power at Tradition comments,

“This is a natural progression for our Eastern Power Desk as many of our clients have expressed an interest in the Greek power market. With the addition of Greece to the eight markets that we currently offer in the C.E.E. and S.E.E., we can now broker electricity from the Baltic to the Aegean.”

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