Barclays Capital begins US power trading

"We are now able to trade swaps and futures contracts on electricity for five delivery points in the Northeast US -- the New York, New England and PJM (Pennsylvania, New Jersey, Maryland) pools," said Joe Gold, Head of Commodities, Americas.

"This capability allows us to respond to our clients' needs in this sector, and we expect to respond further in the months to come when we begin trading physical contracts for both electricity and natural gas," Gold added.

The firm also recently received a