Exchanges

Powering consolidation

Could the merger of Germany's European Energy Exchange and France's Powernext be the first step towards a pan-European power exchange? Roderick Bruce investigates

OMX and Nord Pool to create Nord Pool International

Swedish exchange technology company OMX has acquired Norwegian derivatives exchange Nord Pool’s international derivatives products, along with its clearing and consulting operations.The two companies aim to create an international energy and carbon…

EEX and Powernext agree to merge

The board of Germany’s European Energy Exchange (EEX) has agreed plans for the exchange to pool its power spot and futures markets with France’s Powernext exchange, laying the foundations for a pan-European energy exchange.

Citi bails out struggling SIVs

Citigroup has bailed out seven of its own structured investment vehicles (SIVs), taking their $49 billion in non-cash assets onto its own balance sheet, as they continue to reduce in size.

Nymex Launches Green Exchange

Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex), is to form a new exchange trading environmental futures, options and swaps contracts.

NYSE Euronext to acquire Powernext Carbon

NYSE Euronext has reached an agreement with French energy exchange Powernext to acquire Powernext Carbon, the company's emission permit division, as part of its plan to set up an international carbon market.

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