Front Month | ||
---|---|---|
The earliest tradable month of a particular contract - normally a Futures contract For much more information please refer to the Detailed Glossary |
Prompt | ||
---|---|---|
A term generally used in gas and power trading for trades that deliver in the near future For much more information please refer to the Detailed Glossary |
Weighted Average Price | ||
---|---|---|
Weighted Average Price (WAP) is the average price over a series of individually priced volumes For much more information please refer to the Detailed Glossary |
Interconnector | ||
---|---|---|
A gas or power connection between two different locations Usually used to flow gas or power from a lower priced location to a higher priced location For much more information please refer to the Detailed Glossary |
Discounting | ||
---|---|---|
Calculation of the present day value of a cash flow that will or might occur at some time in the future For much more information please refer to the Detailed Glossary |
P&L atttribution | ||
---|---|---|
Let's say we added up the P&L of all our trades today, and then did the same tomorrow - the two values would probably be different - but why? Some reasons:
P&L attribution calculates the change in P&L for each of the above individually - and any other factors - so that the effect of each cause may be understood For much more information please refer to the Detailed Glossary |
Upstream | ||
---|---|---|
A term principally used in oil and gas context - covering the search for new reserves, exploratory activities, construction of new extraction facilities, and the running of those facilities For much more information please refer to the Detailed Glossary |
Megawatt hour | ||
---|---|---|
A measure of energy - abbreviated to MWh Equivalent to one Megawatt of power flowing for one hour For much more information please refer to the Detailed Glossary |
Megawatt | ||
---|---|---|
A Megawatt is a measure of energy per unit time
Abbreviation is MW Not to be confused with MWh For much more information please refer to the Detailed Glossary |
Clearing Broker | ||
---|---|---|
An organization that acts as an intermediary wishing to trade on an Exchange For much more information please refer to the Detailed Glossary |