Energy
RGGI allowance auction date announced
States participating in the Regional Greenhouse Gas Initiative (RGGI), an agreement among the Governors of ten Northeastern and Mid-Atlantic states to reduce greenhouse gases from power plants, have announced the date for the first ever CO2 allowance…
Green Exchange begins trading
In keeping with the green theme of St. Patrick’s Day, The Green Exchange, a partnership that incorporates brokers, traders, venture capital firms and investment banks commenced trading today.
Green Exchange begins trading
In keeping with the green theme of St. Patrick’s Day, The Green Exchange, a partnership that incorporates brokers, traders, venture capital firms and investment banks commenced trading today.
MF Global plunges amid liquidity fears
MF Global, the world's largest broker of exchange-listed futures and options, sought to reassure investors that it had sufficient funds despite seeing its share price fall by 78% following a spate of rumours to the contrary.
Tullett Prebon acquires Primex
Interdealer broker Tullett Prebon is to acquire petroleum products broker Primex.
Bank writedowns - is the worst over?
The credit crisis that has roiled the financial markets has wiped out massive amounts of value from banks' balance sheets, resulting in crippling losses for some banks. Most recently, HSBC announced a 79% rise in loan impairment charges and credit risk…
Oil falls after record week
Crude oil for April delivery closed down 12 cents to $110.21 a barrel on the New York Mercantile Exchange (Nymex).
Gazprom Marketing & Trading makes smart metering investment
Gazprom Marketing & Trading, the UK-based subsidiary of the Russian natural gas giant has taken an equity stake in a leading automated meter reading supplier.
Montreal Climate Exchange to launch carbon futures
The Montréal Climate Exchange (MCeX), a joint venture of the Montréal Exchange (MX) and the Chicago Climate Exchange (CCX) is planning to launch futures contracts on Canada carbon dioxide equivalent (CO2e) units on May 30, 2008, subject to regulatory…
Crude Oil surges to $107
The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
Crude rally continues as analysts eye $115 oil
West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue.
Nymex and LCH.Clearnet form clearing alliance
New York Mercantile Exchange (Nymex) and clearing house LCHClearnet will team up to offer two energy contract slates, one cleared by Nymex ClearPort in New York and the other cleared by LCH in London.
UBS offers food index for structured products and ETCs
UBS has announced the launch of the UBS Bloomberg CMCI Food Index which will be available through a variety of funds, exchange traded commodities and UBS structured products. The index is available in US dollars, euros and Swiss Francs and covers 13…
UBS and Bloomberg launch CMCI Food Index
The new UBS Bloomberg CMCI Food Index provides direct exposure to the food sector.
Turbulent times
Recent oil market turbulence has provided a tough test for airlineslooking to hedge their exposure to rising fuel costs as profits headinto a tailspin. David Watkins reports
Copula modelling
Using copulas and Monte Carlo simulations to model price dependencein energy markets, Vincent Grégoire, Christian Genest and MichelGendron show how forecasts for crude oil and natural gas prices can beimproved by modelling the dependence between them
Build it and they will come
The Energy Data Hub, an initiative to improve data distribution andprice transparency in the US gas and power markets, is due to go livenext month, with wide-ranging implications for energy trading, writesSandy Fielden
Commodities offer alpha win
commodities
FFAs: rocking the boat?
The Baltic Dry Index (BDI) plumbed the depths in early 2008, sinking from record highs in late 2007. Some have blamed derivatives market activity for the sharp fall. Roderick Bruce casts a beady eye over the BDI and asks where prices are heading next
Waiting in the wings
The long-mooted inclusion of the aviation sector in the European Union's emissions trading scheme is finally on the radar screen. Roderick Bruce discovers whether stakeholders are ready for take off
The prepay delay
Municipal natural gas prepayment deals withered in the second half of 2007 as a result of the credit crisis. While this year has seen a trickle of new deals, greater problems may be lurking. David Watkins reports
A changing carbon market climate
The EU Emissions Trading Scheme is stepping up a notch with a batch of new measures for its Third Phase. Andrew Holt finds out what carbon market participants think of the new proposals
Liquidity or bust?
Regulation