Services
Forwards
A legally binding agreement for the purchase or sale of an asset at an agreed price, for a specified date in the future.
These contracts can result in physical delivery of the underlying asset, or can be cash settled against either an offsetting forward or a pre determined reference price over a specified period (averaging).
Options
A legally binding agreement that gives the purchaser over a period of time the right, but not the obligation, to buy or sell an asset at an agreed price for a specified date in the future.
These contracts can result in a forward contract or a cash settlement against a pre determined reference price over a specified period.
Averaging
The trading of a pre determined reference price over a specified period of time to initiate a forward contract, or to offset one already established.
Typically designed to match the customers' physical intake or sales contracts.
Arbitrage
The purchase of an asset in one market with the near simultaneous sale of a similar asset into another market or location to benefit from a price differential between the two.