Exchanges
South Korea hedges its bets
Corporate hedging of energy and commodity price risk in South Korea used to be the purview of a handful of large conglomerates. But a recent change in regulation has opened up the door to a whole new tier of potential hedgers. Local banks are now teaming…
Matchmakers
Post-trade confirmation in the energy market, once slow and prone to error, is becoming increasingly efficient due to the successful rollout of trade confirmation standards. David Watkins looks at how two of the competing standards have developed
Clearing the way
The Futures and Options Association has called on UK power market participants to come forward to help develop the market's structure. Chris Cook proposes an enterprise model that aims to overcome the obstacles to co-operation
End-user forum
Energy procurement and price risk management is an increasingly vital function for energy intensive companies, from airlines and cement manufacturers to supermarket retailers. Roderick Bruce investigates the challenges facing such companies in Europe and…
CFTC: Amaranth manipulated gas prices
US futures market regulator alleges that the defunct hedge fund sought to influence the settlement price of Nymex natural gas futures by selling heavily during the closing range. David Watkins reports
Bank of America invests in Climate Exchange
As part of a ten year, $20 billion environmental initiative, Bank of America has established a joint venture with Climate Exchange (CLE) by acquiring 0.5% of CLE’s current issued share capital.
Wells Fargo to offer electricity price risk management, RECs
US financial services company Wells Fargo is to offer an electricity price hedging facility, enabling middle market companies to manage their power costs.
Putting backlogs up front
Equity Derivatives
Moving to convergence
Risk Management
Take me to your interdealer
Hedge funds
NASD and NYSE combine to form FINRA
Merger creates securities biggest self-regulatory organisation
Foreign IPO slump is global phenomenon
London, Hong Kong also losing foreign investment, says study
First oil futures curve ETFs to list on LSE
Within the next two weeks The London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
NASD/NYSE merger gets SEC go-ahead
The Financial Industry Regulatory Authority, (FINRA) which consolidates the National Association of Securities Dealers (NASD) and the New York Stock Exchange’s member regulator, has been approved by the Securities and Exchange Commission.
“Enron Loophole” will soon be closed: Levin
Senator Carl Levin, who chairs the US Senate's permanent subcommittee on investigations, has said that he will soon introduce legislation that will increase regulatory scrutiny of the over-the-counter (OTC) markets.
Banca Italease expects losses of €500m on derivatives
Banca Italease is expected to report losses of around €500 million on its derivatives portfolio later today.
Nymex to introduce new steel futures contract
The New York Mercantile Exchange (Nymex) will introduce a steel futures contract, based on an index developed by the steel industry information service World Steel Dynamics (WSD). The new contract will be available on the Nymex ClearPort electronic…
First oil futures curve ETFs listing on LSE
In the next two to three weeks, the London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
Amaranth manipulated gas prices: CFTC
The US Commodity Futures Trading Commission has charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
CBOE launches basket credit products
The Chicago Board Options Exchange will launch three basket credit event options next week, despite a slow start for its other credit products.
Amaranth in civil lawsuit battle
The Amaranth saga continues as the US Commodities and Futures Trading Commission (CFTC) announced today it is filing a civil enforcement action against the hedge fund and its former head energy trader, Brian Hunter.