Good Afternoon,
Trade Rank is now easier to access via our recently added Summary Table:
From this table you can access all of the Trade Rank charts plus do a few other interesting things. In order to make the report fit on a standard screen we have applied abbreviated field names; to view the legend click the “+” to the left of Legend (at the top):
All products are ranked with product groups by absolute value Delta (Forecast – Market = Delta). A #1 ranking would mean that the product is currently the widest delta in that group. Groups are defined by Derivative, Hour Type, and Aggregation. For example, all Monthly On Peak Outrights for all hubs and periods would be a group; another group would be all Quarterly Off Peak Outrights.
Wide deltas don’t always signal buy/sell so we encourage the users to look for changes in delta. The intent of the report is to summarize in one screen all traded products. To help you identify aberrant market prices we have included the market and forecast highs and lows realized over the last 30 days. The field labeled “Cross” represents the number of times the delta has changed times. Products with high cross rates typically have low deltas since the forecast and market are crossing each other.
If you have any questions don’t hesitate to email ([email protected] or call (206-877-0991).
Happy Trading/Hedging,
Mike