anyone using nymex membership to save cost? what are the savings than non-member?

Discussion in 'Commodity Futures' started by MoreYummy, Apr 7, 2010.

  1. what are the reason you dont trade them anymore?
     
    #11     Apr 9, 2010
  2. bone

    bone

    Yum:

    ComEd was institutional; all bilateral OTC requires a monstrous balance sheet. I was told by ComEd fifteen years ago not to pick up the phone if the counterparty didn't have a $200M letter of credit on file.

    Given what has transpired since in the OTC energy markets, the $200M wasn't enough.
     
    #12     Apr 9, 2010