Foreign exchange

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…

CPDO ratings hang in the balance

Investors in constant proportion debt obligations (CPDOs) were given an unwanted early Christmas present by rating agencies, as Standard & Poor’s (S&P) and Moody’s Investors Service put the ratings of CPDO notes on review for a possible downgrade.

Monolines in a world of pain

The shockwaves emanating from the monoline industry show no signs of easing up before Christmas. It had seemed that the pressure was abating, as the beleaguered financial guarantors had started to secure some much-needed capital to bolster their ratings,…

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