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LCH.Clearnet launches OTC emissions clearing
Clearing house LCHClearnet has today launched OTC clearing services for Certified Emissions Reduction (CER) and EU Allowance (EUA) emissions contracts.
Merrill Lynch offers best of commodities
Merrill Lynch has launched the Merrill Lynch Protected Best Of Commodity Portfolio Certificate which is designed to offer participation in the best of three commodity portfolios, each which provide exposure to commodities comprising agricultural,…
Oil reaches new record as gas continues to rise
Crude oil futures closed at a record $102.59 on the New York Mercantile Exchange (Nymex) Thursday.
Nord Pool sells EEX stake to Eurex
Nord Pool ASA has agreed to sell its 17% stake in European Energy Exchange (EEX) to Eurex. Eurex plans to acquire up to 44% in EEX – for a total of €55 million − to strengthen its existing emissions trading partnership and continue its expansion into…
Nymex to launch first Green Exchange contracts
New York Mercantile Exchange (Nymex) is to introduce its first slate of futures and options contracts, as part of its Green Exchange initiative, on 16 March for trade date 17 March.
ECX and LCH clear way for CER futures launch
European Climate Exchange (ECX) and clearing house LCH.Clearnet have reached an out-of-court settlement over the proposed launch of ECX Certified Emission Reduction (CER) futures contracts.
BGC acquires Radix
Interdealer broker BGC has purchased Singapore-based broker Radix Energy, enabling BGC to offer voice and electronic brokerage services for products such as crude oil, naptha, middle distillates, fuel oil and freight.
Meteor unveils latest commodity offering
Meteor Asset Management has launched a protected commodities plan which allows investors to participate in the performance of a basket of eight equally-weighted hard and soft commodities at a rate of either 130% or 165%.
Crude oil hits new record
Crude oil for March delivery rose 73 cents to finish at a new record closing high of $100.74 a barrel on the New York Mercantile Exchange (Nymex) today.
TFS Energy launches Green Finance Division
TFS Energy has launched TFS Green Finance, which aims to provide clients with merchant banking and brokerage solutions for the environmental markets.
ICAP executes first US Compliance Carbon Allowance Trade
ICAP announced today that its energy and emissions arm has executed the first over-the-counter (OTC) compliance carbon allowance transaction in the United States.
Imarex buys Spectron
Imarex ASA, the holding company that owns Oslo-based broker / exchange Imarex and clearing house NOS, has agreed to purchase interdealer broker Spectron Group for £70 million ($138 million).
SSY freight screen links to NOS for clearing
Shipbroker SSY has added a direct link to NOS clearing for clients of is freight derivatives trading platform, run in conjunction with globalCOAL.
Bank of America and Climate Exchange call off joint venture
Bank of America and Climate Exchange, parent company of the Chicago Climate Exchange and European Climate Exchange, have scrapped plans for a formal joint venture.
EEX and Eurex to launch CER futures in March
The carbon trading cooperation between European Energy Exchange (EEX) and Eurex will expand further with the imminent launch of futures contracts for certified emissions reduction (CER) credits.
Evolution Launches Freight Brokerage Division
Evolution Markets has launched a freight brokerage division, providing brokerage and structured transaction services to global ocean freight markets.
African dream
Regional Focus: Africa
Salt of the earth - Macquarie seeks, and finds, alpha returns from commodities
Macquarie has an enviable experience in the commodities and softs markets both trading and structuring products, so it was only logical it has put this to work in a hedge fund format, writes David Walker
Reaching for the stars ..
Alpstar has launched a range of credit-related funds and products, and is branching into equity hedge fund management as well. David Walker sat down with the team at Alpstar to find out more ..
Halbis enjoys the best of both worlds
Halbis's fund offerings are as broad as they are interesting, writes David Walker