Exchanges
DME sells equity stake to trading firms
The Dubai Mercantile Exchange (DME) has concluded the sale of a 20% equity stake in the exchange to six global financial institutions and energy trading firms.
FSA suffers ratings blow as Ambac regroups
Standard & Poor's has announced a negative outlook for the AAA rating of Financial Security Assurance (FSA), the New York-based monoline insurance company that is part of the Dexia Group.
Nymex steeled for futures launch
New York Mercantile Exchange plans to launch index-based financially settled steel futures contracts early in the fourth quarter of 2008.
Commission out with two rating agency consultation papers
Daily news headlines
The profits of carry
Carry trade
The state of freight
With freight derivatives volumes at record highs, investor products are now being developed in the shipping derivatives market. Ryan Davidson looks at whether the market has matured sufficiently to attract investor interest
Profile: Constellation NewEnergy
Constellation NewEnergy has earned a reputation for effectively manoeuvring its clients through the highly volatile US electricity markets. Jayne Jung reports on the company's i2i online risk management programme
A time to trade?
The launch of CERs futures on Indian exchanges is breathing new life into CDM projects in India. Speculators have entered the market and are creating liquidity in CERs and, as a result, more carbon-financing options, finds Catherine Lacoursiere
Trading strategies - Walking a fine line
A worrying trend is emerging in the UK corporate world, with many companies adopting extremely risky strategies in a bid to reduce their exposure to energy price volatility, says Utilyx chief executive Chris Bowden
International financial regulation centre planned
Regulatory News
Looking over the counter-arguments
A UK government panel investigating the role of speculators in global crude oil markets has called for more transparency in the opaque over-the-counter (OTC) market, writes Roderick Bruce
Uncertain futures
Special Report: Foreign exchange
Unfit for consumption
Special Report: Commodity Futures
An auspicious debut
Risk Korea conference
UK Treasury proposes clearing solvency reforms
Daily news headlines
MSCI Barra produces global currency indexes
MSCI Barra has launched global currency indexes that can be licensed for portfolio management and benchmarking purposes, as well as to serve as the basis of structured products and other index-linked investment vehicles such as ETFs.
Green Exchange to launch RGGI futures and options in August
The Green Exchange, an environmental exchange backed by New York Mercantile Exchange (Nymex), will launch futures and options contracts based on Regional Greenhouse Gas Initiative (RGGI) carbon allowances at the end of August.
Nasdaq launches Ireland index
Index provider Nasdaq OMX has launched the Nasdaq OMX Ireland Index, a modified market-capitalisation weighted index which provides exposure to the largest and most liquid Irish companies that are listed on an eligible global exchange. The index has been…
CME makes final improved offer for Nymex
CME Group has improved its takeover offer for New York Mercantile Exchange (Nymex) by $113 million.
Borsa Italiana to launch power derivatives
Milan-based Borsa Italiana has signed an agreement with Italian power market regulator Gestore del Mercato Elettrico (GME) for commercial use of the national single price for electricity (prezzo unico nazionale – PUN).