On Wednesday 24 November 2010 Tradition’s Eastern Power Desk closed the first ever brokered Greek power trade for the product of Greece Financial Base-load (EET 00-24) for Thursday 25 November 2010 at the price of 40.5 €/MWh. The trade will be settled against the SMP (System Marginal Price) price as published by the HTSO (The Greek Grid operator). It is a purely financial contract with no physical delivery.

Jason Curtis, Manager C.E.E., S.E.E. and Italian Power at Tradition comments,

“This is a natural progression for our Eastern Power Desk as many of our clients have expressed an interest in the Greek power market. With the addition of Greece to the eight markets that we currently offer in the C.E.E. and S.E.E., we can now broker electricity from the Baltic to the Aegean.”

Enquiries:
Regina Malzburg – Marketing & Communications, Tradition
Tel: +44 (0)20 7198 5819

About Tradition:

Tradition is one of the world’s largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 27 countries, Tradition employs 2,530 people globally. Tradition is the interdealer broking arm of Compagnie Financière Tradition (CFT) and listed on the Swiss stock exchange.

For more information, please visit www.tradition.com.

About Tradition Energy

Tradition Energy is one of the world’s largest energy management and procurement advisors to commercial, industrial and governmental organizations with over 300 energy specialists in 11 offices covering both the wholesale and retail energy markets since 1986. Tradition Energy is part of the Tradition Group, a leading global institutional broker of financial and commodity products. Tradition employs over 2,500 people in 27 countries around the world and is publically listed on the Swiss stock exchange (CFT).