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Market Experts Offer Strategies to Deal With Natural Gas Futures Prices, NGI Reports.


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
 -- Where's the market going? And what can you do about it? Three noted experts will be taking time off from active natural gas futures trading to answer these questions in a repeat June 22-23, 2005 of their very popular futures workshop at the New York Mercantile Exchange New York Mercantile Exchange (NYMEX)

The world's largest physical commodity futures exchange.
 (NYMEX See New York Mercantile Exchange.

NYMEX

See New York Mercantile Exchange (NYM).
).

The opportunity to participate in a simulated trading session and to have an on-site view of the natural gas futures trading ring trading ring

The area in the bond room of the New York Stock Exchange within which trading in bonds must take place.
 Thursday morning when storage numbers are announced are features of the workshop, which is hosted by Intelligence Press Inc., publisher of Natural Gas Intelligence (NGI (Next Generation Internet) A project of the U.S. government for researching high-speed network technologies for use by federal agencies. See Internet2. ).

Brokers Tom Saal, Edward Kennedy and Nymex local 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 share their trading knowledge and experience in this two-day workshop.

With more than 70 years of combined experience in natural gas futures trading and hedging, these three 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."

If you're a buyer or a seller of natural gas, working to manage price risk for your company, you can benefit from the strategies and "trading tools" used by these experts.

Past attendees have reflected a broad section of the industry, including industrial and commercial end-use procurement managers, utility and LDC LDC

See: Less developed countries


LDC

See less developed country (LDC).
 buyers, producers, marketers, futures traders, risk managers, analysts, economists, and finance and accounting personnel.

"This is a roll-up-your-sleeves workshop featuring a look at the tools utilized by natural gas trading experts to anticipate the size and direction of the next price move," added Dexter Steis, Executive Publisher of Natural Gas Intelligence. "This course focuses on concrete and timely examples of when and why to buy or sell natural gas futures and options."

The entire two-day workshop is held on the 12th floor of the Exchange building, overlooking the Hudson River and Statue of Liberty Statue of Liberty

great symbolic structure in New York harbor. [Am. Hist.: Jameson, 284]

See : America


Statue of Liberty

perhaps the most famous monument to independence. [Am. Hist.: Jameson, 284]

See : Freedom
.

Highlights of the Workshop include:

--The chance to compete against other workshop participants and local traders to execute mock trading Mock trading

The simulated trading of securities used as a learning device in training investors and broker.
 orders in a simulated trading session on the NYMEX trading floor

--The opportunity to view the NYMEX 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

--A welcome to the Exchange, breakfast and tour of the NYMEX museum

--An evening reception where attendees, local traders and presenters discuss the market in an informal atmosphere

For more information or to register online got to: www.gasmart.com/workshop

About Saal, Kennedy and Goldfarb

In his 21 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. After learning the physical side of the business as a fuels analyst and rate planner with Florida Power and Light from 1986-1991, he has focused on natural gas futures trading for the last 14 years as a broker with Merrill Lynch, Pioneer Futures and Commercial Brokerage Corp.

Edward Kennedy for 35 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 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
 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 is now a CTA An abbreviation for cum testamento annexo, Latin for "with the will annexed."  and Managing Director at Commercial Brokerage Corp. in Miami.

Sandy "Trot" Goldfarb has been trading natural gas futures on the floor of the Exchange since the commodity was launched in 1990. In his current position as an independent, or local trader, Trot has gained a reputation as a large trader who is well-respected in the natural gas ring.

About the New York Mercantile Exchange

The New York Mercantile Exchange is the largest physical commodities exchange in the world, offering futures and options trading in energy and metals contracts and clearing and trading services for off-exchange energy transactions.

About Intelligence Press Inc.

Intelligence Press Inc., commonly referred to as NGI by the energy industry, is an independent publishing company and has been serving the energy industry since 1981 with news and pricing information for the natural gas market on its website at http://intelligencepress.com and in its publications: Natural Gas Intelligence, Daily Gas Price Index, Weekly Gas Price Index and Power Market Today.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 20, 2005
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