Speaking to FO Week about his newly founded
derivatives practice, US law firm Chadbourne & Parke
(C&P) partner Merrill Kramer said he believed US energy
markets may be on the road to a central marketplace.
Kramer, a partner in the firm's Washington DC office, said
that while most of C&P's client business in power markets
remains OTC, "the markets will ultimately move towards
standardisation". When this happens he sees tremendous
potential in a centralised marketplace model.
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