Managing Natural Gas Price Risk Workshop at the New York Mercantile Exchange, Sponsored by Intelligence Press.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Three noted experts will be taking time off from active trading at the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. to conduct a workshop on Managing Natural Gas Price Risk, hosted by Intelligence Press Dec. 8-9, 2004. The sessions will be at the Exchange in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Brokers Tom Saal, Edward Kennedy and floor trader Floor trader A stock exchange member who generally trades only for his own account or for an account controlled by him, or who has such a trade made for him. Also referred to as a "local. Sandy "Trot" Goldfarb will be conducting this roll up your sleeves hedging and trading workshop. With more than 70 years combined of experience in natural gas futures trading and hedging, these three well-known musketeers of the gas world will go beyond the usual hedging and risk management tutorials to reveal real-world techniques for identifying price trends and market timing, including the use of both fundamental and technical market indicators. "This workshop is designed to get the most out of your hedging program," remarked Tom Saal of Commercial Brokerage Corp. "Trading natural gas futures is what we do every day - the fact that we are still around is a testament to our success." "Whether you are a commercial or industrial buyer, a producer, or a marketer, this two-day workshop is an excellent opportunity to learn the secrets and strategies for managing a successful natural gas hedging program," added Dexter Steis, Executive Publisher of Natural Gas Intelligence. In addition to a tour of the New York Mercantile Exchange and the trading floor, attendees to this workshop will have the opportunity to view the trading "pit" Thursday morning when EIA (Electronic Industries Alliance, Arlington, VA, www.eia.org) A membership organization founded in 1924 as the Radio Manufacturing Association. It sets standards for consumer products and electronic components. storage data is released. The workshop also features a presentation of the newest trading products, including basis and index swaps Index swap A swap of a market index for some other asset, such as a stock-for-stock or debt-for-stock swap. , given by Jerry David, a marketing director at the Exchange. A reception Wednesday evening will provide an informal atmosphere to network and discuss trading strategies In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same with the presenters and attendees. For More Information or to register online got to: www.gasmart.com/workshop. About Saal, Kennedy and Goldfarb In his 20 years in the oil and gas industry, Tom Saal has made a name for himself as one of the top natural gas futures risk managers and brokers. Following a stint with Pioneer Futures, Inc. from 1997-2002, he now sits as Managing Director and Commodity Trading Advisor Commodity Trading Advisor An investment manager that focuses on long and short trading in the futures markets. The trades are often intraday trades. Sometimes referred to as Managed Futures. at Commercial Brokerage Corp., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . From 1991-97, Mr. Saal co-founded the natural gas trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign at Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. where he was responsible for providing natural gas risk management services for his clients and new client development. Edward Kennedy for 34 years has been helping to develop and execute trading and hedging programs for his clients across various commodities and exchanges. Since co-founding the natural gas trading desk for Merrill Lynch in 1991, Mr. Kennedy has provided trading advice and brokerage services for producers, marketers, end users, electric and gas utilities and managed money funds. He spent five years with Pioneer Futures from 1997-2002 and is now a Commodity Trading Advisor and Managing Director for Commercial Brokerage Corp. LLC. Sandy "Trot" Goldfarb has been trading natural gas futures on the floor of the Exchange since the commodity was launched in 1990. Prior to that, he was active in Exchange trading of heating oil, unleaded gasoline, and crude oil. In this position as a "local" trader, Trot has gained a reputation as a market mover whose trading activity is often imitated by other speculators looking to take advantage of price swings. He has served on the Natural Gas Advisory Committee as well as the Natural Gas Ring Chairman for the Floor Committee at the Exchange. About the New York Mercantile Exchange The New York Mercantile Exchange is the largest physical commodity exchange in the world, offering futures and options trading in energy and metals contracts and clearing services for off-exchange energy transactions. About Intelligence Press Inc. Intelligence Press Inc. is an independent publishing company and has been serving the energy industry since 1981 with leading news and price survey reports for the natural gas market in its publications: Natural Gas Intelligence, NGI's Daily Gas Price Index, NGI's Weekly Gas Price Index and Power Market Today. The company posts real-time news on natural gas and power market developments at http://intelligencepress.com. Additionally, the company, commonly referred to as NGI (Next Generation Internet) A project of the U.S. government for researching high-speed network technologies for use by federal agencies. See Internet2. by the energy industry, publishes educational products, including natural gas maps and glossaries. NGI also hosts GasMart 2005, www.gasmart.com, a national trade fair -- now in its 19th year -- for the natural gas and power industry. |
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