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Tradition closes its first Italian gas trade

Tradition has closed its first Italian gas trade on the back of rising liquidity in the Italian gas and power markets

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Global inter-dealer broker Tradition closed its first Italian gas trade for June on May 21.

The trade was priced at €20.70 ($25.61) for a volume of 12,500 megawatt hours and was transacted between two Italy-based energy companies.

"This is a natural progression for our Italian power desk as more of our Italian clients have become interested in gas and are looking to trade on the relationship

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