Coal is currently brokered in the US and the UAE. These global desks have helped develop a purely physical trading market into a more broad-based hedging mechanism through the use of futures, options and financial swaps.
The US is staffed with a team of experienced brokers to deliver market prices, information, insight and superior market execution. They are focused on continuing to grow the physical markets in Central Appalachian and Powder River Basin products, as well as expanding its reach in the Illinois Basin and Rocky Mountain products.
Tradition brokered the world’s first coal derivatives trade in 1998 from its London Coal desk. Since then, Tradition has continued to lead the way in coal swaps broking, both electronically on its live trading platform and via its desk of experienced brokers. Tradition was the pioneer of the European and South African OTC markets for coal swaps, which are settled against the API indices. API 2 refers to the indices owned by Argus Media Limited and The McCloskey Group Limited. API4 refers to the indices owned by Argus, McCloskey and the South African Coal Report. API 2 and API 4 are trade marks of Argus and McCloskey. The indices are published each week in the jointly owned "Argus/McCloskey's Coal Price Index Report", which is sold and distributed exclusively by Argus on behalf of those companies. A collaborative effort between the US and UAE offices provides Tradition’s clients with value-added information globally.
To request more information regarding Tradition’s coverage of coal markets, please contact the desks directly or send an email to firstname.lastname@example.org.