Brokering firms TFS (Tradition Financial Services) and GFI have become the latest entrants into the online coal trading market with last week's launch of two new screen-based services. TFSCoalOnline and the GFInet platforms aim to ease the difficulty coal market players have in hedging future coal price movements by giving them direct access to live prices, as well as physical and financially settled coal option indications and historical data on their screens.The TFS and GFI portals will be used solely for paper-based transactions such as swaps and derivatives, whilst physical coal trades will still be carried out over the phone.
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