TFS, the inter-dealer broker of over-the-counter derivatives and physical products, has launched a global web-based dealing platform for the coal markets.TFS Coal Exchange runs on software from TradeCapture that will automate trade entry, contract confirmations and invoice payment and reconciliation.
“We feel that a screen will reinforce our strong reputation in the coal markets and enhance our voice broking team,” said David Jenkins, director of energy products in Europe for TFS. “The recent dynamic growth in coal derivatives has meant that this is now a mature market and as such can support screen trading,” he added.
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