Spectron opens coal desk

UK energy broker Spectron Group has opened a coal trading desk in London, staffed with two ex-TFS brokers.

Nick Lygoe and Griff Durbridge will co-head the London desk – both were previously senior coal brokers at TFS. Veteran TFS energy trader Everton Davis is also on the desk, which started operations today, broking financially-settled coal swaps and dark spreads (the spread between coal prices and coal-fired electricity generation cost).

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