Tradition closes its first Italian gas trade

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 between the power and gas markets," says Mike Anderson, head of energy for Europe at Tradition. "We antic