Enron plans to begin trading financial derivatives on computer memory out of its London office in the near future. Steve Elliot, president of Enron Broadband Services Europe, said the energy and commodity trading giant presently only trades data capacity out of Houston, but plans to hire a professional to launch its European effort.
Enron is probably the only outfit to trade financial contracts based on data capacity, but it could soon be joined by Westdeutsche Landesbank (DW, 2/26), which is building a commodities group in London.
