Energy Risk
Exchanges see green in emissions trading
Battle lines are being drawn in the emissions space as Nymex aims to grab a slice of the booming global market, writes David Watkins
EcoSecurities and Credit Suisse complete structured CER sale
EcoSecurities and Credit Suisse have completed a structured sale of over 5 million Certified Emission Reductions (CERs).
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…
Merrill Lynch launches carbon certificate
Investment bank Merrill Lynch today launched an index-based investment certificate that offers protected exposure to the stocks of carbon efficient European companies.
EDF Trading makes Polish power debut
EDF Trading has completed its first electricity trades in Poland, executed in the spot and forward markets, after obtaining a Polish trading licence.
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.
Renewables set to lose out as Energy Bill stalls in Senate
US Republicans have forced Democrat supporters of the Energy bill to drop a controversial tax provision that would have cut tax breaks to major oil companies in an effort to boost spending on renewables.
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.
The tide is high
Soaring dry freight prices due to the booming trade in global commoditieshave encouraged a wealth of new participants into the freight market. Buthow long can the party last? Oliver Holtaway investigates
Dysfunctional market
US natural gas for less than $1.00 is a sign of dysfunctional markets saysDaven Voorhies of Logical Information Machines
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.
US Senate halts progress of energy bill
A package of energy measures passed by the House of Representatives Thursday stalled in the Senate Friday because of opposition to two key provisions.
LCHClearnet expands emission clearing services
Clearing house LCHClearnet will expand its OTC clearing services for EU emissions trading scheme carbon credits (EUAs) and introduce clearing for Certified Emission Reduction (CER) contracts from the beginning of 2008.
Barcap launches global carbon index
Barclays Capital has launched a global carbon index, which tracks the performance of carbon credits in major emissions trading schemes.
Open outcry fading away as Nymex fends off rivals
New York Mercantile Exchange (Nymex) chairman Richard Schaeffer said today that 80% of the exchange’s business is now done electronically, as the open outcry trading floor becomes “less and less meaningful”. He also outlined ambitious plans for 2008, and…
Commodity investor sophistication increasing, says Barclays Capital
A survey of 150 Barclays Capital clients has found that half expect to have more than a 10% exposure to commodities in their portfolios, a threefold increase from a similar poll carried out in 2005.
LCH.Clearnet and Nodal Exchange to launch new trading and clearing service
LCH.Clearnet, the independent clearing house for power clearing, and Nodal Exchange, the first marketplace to use a locational nodal market for forward power trading, have signed an agreement to provide a trading and clearing service for cash settled…
Didier Giblet
Didier Giblet started out as a police investigator before moving into finance. The global head of energy and commodities trading at Fortis tells Roderick Bruce how an investigative mind has helped him in his career in energy trading
Setting the stage for 2008
As 2007 draws to a close, the Energy Risk team asked market participants what they regard as the most influential events of 2007 and how these are likely to shape market behaviour in 2008. By Stella Farrington with additional reporting by David Watkins
Solid foundations?
In a recent landmark step, India's power regulator has given 'in principle' go-ahead to the setting up of a power exchange in India. However, there is discomfort amongst potential participants over some of the regulator's plans. Rakesh Singh of Wipro…
Will they weather the storm?
The weather derivatives market saw record volumes in 2006, but these declined sharply into 2007. Evan Koster, David Cohn and Nicholas Rock of Dewey & LeBoeuf look at where the weather market, now 10 years old, may go next