I am interested in knowing what broker people have used for trading the following PJM electricity futures instrument listed on CME CME already gives list of brokers but none of them I have heard of. Any experience regarding commissions, minimum trading volume and other transaction costs will be helpful.
I have received a few calls on these products. When trying to place the prospective client, I have been told many times that the FCM often do not allow access to these unless the client has a large balance sheet or is a hedger.
Additionally I'm not sure there is a market maker type continuous market for these like the more common commodities. They are more cleared OTC brokered deals. And to get someone to invest the time to line up a counterparty for you, you'd need to be doing large transactions.
This falls into the "if you have to ask, you can't afford it." category. Generally a large balance sheet means a public or large private company. Someone who could issue debt and have it rated investment grade. Significantly more than $500k.