Energy

Sizing up skew

Structured products providers' methods for hedging skew are fairly homogeneous. Some banks, however, are searching for ways to refine their approach to hedging by transforming skew risk into an investment palatable to sophisticated investors. By Rachel…

TXU agrees to record $45 billion buyout

The board of TXU Corp, the Dallas-based energy company, has agreed to a $45 billion takeover by private equity firms Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs, the investment bank.

Event horizon

Rick Cech takes a second look at what makes up operational risk event types, and asks if there is a more advanced way to define them

DME announces launch date

The Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange, has announced that it will officially launch on 1 May.

Leaders reach carbon agreement

Delegates at the G8+5 Climate Change Dialogue forum in Washington have agreed in principle to the setting up of a global cap-and-trade market for carbon emissions, similar to the EU Emissions Trading Scheme

Nymex and Montreal form alliance

The New York Mercantile Exchange (Nymex) is to form a “strategic alliance” with the Montreal Exchange (MX), Canada’s largest financial derivatives exchange.

CME launches hurricane index

The Chicago Mercantile Exchange (CME) is expanding its weather derivatives product range with the launch of CME-Carvill Hurricane Index futures and options on futures contracts.

Tops down as convertibles change gear?

Convertible arbitrage's comeback in 2006 was one of the year's hedge fund highlights. Those left standing after the cull of 2005 might now have some room to breathe, but what is in the air, and which way is it blowing?

Foot on the gas

Gazprom Marketing and Trading entered the UK in 1999 with ambitious plans. Today it has a presence in six European countries and trades power, oil, coal and liquefied natural gas. Roderick Bruce meets head of trading Keith Martin and business development…

Phase II takes shape

Despite the EC's tough stance on Phase II national allocation plans, carbon prices are drifting downwards. The potential for legal wrangling and uncertainty over the importing of project-based credits could be to blame, reports Henrik Hasselknippe

Leading the pack

Increased investment in the steadily growing commodity derivatives markets is paying off for many new entrants, but the old guard continues to maintain the biggest piece of the pie. Oliver Holtaway reports

Beyond compliance

Operational risk for the energy sector covers everything from production to transportation. Companies are now seeking sophisticated solutions to integrate op risk into wider risk-management programmes, as Oliver Holtaway reports

Gas portfolio and transport optimisation

Deciding which instruments to use to balance gas flows is not easy. Gido Brouns and Alexander Boogert discuss how to achieve gas portfolio optimisation by integrating this with the various gas transportation options available

Calling for clarity

As a US federal carbon trading scheme begins to look increasingly likely, the current lack of a definitive regulatory framework is frustrating the forward planning of utilities and power suppliers, finds David Watkins

Compliance solutions

Compliance with regulations such as Sarbanes-Oxley and Mifid is putting an increasing burden on energy-trading firms. Roderick Bruce looks at ways of overcoming the latest regulatory hurdles

The Big Interview: Paul Mingay

The head of credit at Morley Fund Management wants to see better transparency in the bond markets - but not at any price. Interview by Nikki Marmery

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here