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Parity Energy Brokers Moves to Strengthen Energy Trading Platform

September 22 2010, 15:12

FMX | Connect – www.fmxconnect.com - (Reported 9/22/2010)

The following is a report of Natural Gas Option’s activity in the Over-The- Counter and Exchange traded venues. Information is compiled and summarized below. For full energy options reports, click here

Parity energy Brokers recently announced via email to their customer base that they were gaining traction in acquiring liquidity on their own PEP trading screen. Hopes are to place Parity on the same footing as other top tier OTC Brokers seeking to merge liquidity brokerage and Technology in a marketplace.

Here is the body of that letter.

Dear Customer

Parity Energy has brought together seven dealers to jump-start liquidity on crude oil and natural gas options on the Parity Energy Platform. Starting on October 1^st, 2010 the dealers have been given an incentive to place orders on the platform. The platform provides an electronic trading solution for institutional option traders and option market makers. In parallel, Parity is giving incentives to market makers to stream markets and respond to Request for Quotes (RFQs) on the Parity Energy Platform (PEP). We are integrating participants' systems with PEP through WhenTech, FIX API and soon an Excel plugin. Please log onto the Parity Energy Platform every day and place your interest on the screen. Parity brokers can also Request For Quotes (RFQ) and place orders on the platform on your behalf.

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