Energy: Coal
Coal
Coal is currently brokered in the US, England, and Australia. 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 has two offices: one in New York and one in West Virginia covering the critical shipping intersection of the Ohio and Big Sandy River Districts. The desks are staffed with teams 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.
TFS is currently involved, and highly regarded, in Europe with its London-based coal desk. TFS 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, London and Sydney offices provides TFS clients with value-added information globally.
The Sydney desk covers all of Asia Pacific. It is ideally situated to service the needs of its customers in this region. As energy markets in the area continue to deregulate, and coal derivatives become increasingly important for the regions risk managers, TFS is ready to respond to these needs with an abundance of product knowledge and global support.
To request more information regarding TFS’s coverage of coal markets, please contact the desks at the below numbers or send an e-mail to coal@tfsbrokers.com.
London: +44.207.726.4912
New York: +1.212.943.2883 Toll-free in the US: 1.866.247.3590
Big Sandy River: +1.606.739.0006
Sydney: +61.2.9233.6930