A shift in e-trading flows

The troubles at EnronOnline have boosted trading volumes at rival electronic platforms. But counterparty credit risk issues continue to haunt the industry.

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UBS Warburg’s deal with Enron to take over EnronOnline – the electronic trading platform of the once-dominant energy company – has ended speculation about Enron’s prized asset. EnronOnline, at its peak, accounted for 5,800 daily trades with a notional value of about $2.8 billion, with energy contracts being the most actively traded. The uncertainty over the future of the platform – and the collapse of Houston-based Enron itself – has sent shockwaves through the world of energy e-platforms

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