Energy Risk
Bush lays out climate agenda – without emissions trading
In a speech in Washington ahead of the G8 meeting in Germany next week, US President George Bush laid out an agenda for tackling climate change.
Trading begins at the DME
After months of setbacks, the Dubai Mercantile Exchange (DME), the Middle East’s first international energy futures and commodities exchange, opened for business today.
SSY brokers groundbreaking FFA option deal
SSY Futures has recently brokered a forward freight agreement (FFA) option transaction covering Panamax earnings out to the end of 2012. The deal, fixed between two leading FFA users, has confirmed industry claims that there is appetite for longer-dated…
Dubai to use DME for crude oil pricing
The Dubai Mercantile Exchange (DME), a joint venture between Tatweer, Nymex and the Oman Investment Fund, announced today that the government of Dubai will cease pricing its export crude oil sales off its current mechanism and instead utilise DME futures…
Nymex considers lawsuit against Optionable
The New York Mercantile Exchange (Nymex) may take legal action against Valhalla, NY-based brokerage firm Optionable, the exchange’s chief executive officer James Newsome announced this week.
JP Morgan establishes alternative energy group
Investment bank JP Morgan has established an alternative energy investment banking group, bolstering its efforts to capitalize on the current growth of environmentally friendly technologies.
Bear Energy buys Williams Power assets
Bear Energy, a Houston-based, wholly owned subsidiary of Bear Stearns, has reached a deal to acquire “substantially all” of the power and natural gas assets comprising the power trading business of Williams Power Company.
Nymex offers electronic options trading on oil, natural gas, gold and silver
The New York Mercantile Exchange (Nymex) will offer options trading for crude oil, natural gas, gold, and silver on the CME Globex electronic trading platform from June 24 for a trade date of June 25
Uncertainty mounts as Optionable falls
Aa bleak week for Optionable Inc, the New York-based energy brokerage behind the Bank of Montreal’s gas trading losses, has continued to get worse. Uncertainty is now growing over the brokerage's relationship with the New York Mercantile Exchange (Nymex).
CME bolsters bid for CBOT by 16%
The Chicago Mercantile Exchange (CME) has increased its offer for local counterpart CBOT Holdings, owner of the Chicago Board of Trade.
Lehman Brothers buys Eagle Energy
Lehman Brothers, the global investment bank, has announced that it will buy the remaining two thirds of energy marketing and services company Eagle Energy Partners for an undisclosed fee.
Asian Development Bank launches carbon fund
The Asian Development Bank (ADB) has launched a fund to provide capital to buy carbon credits at the outset of clean energy projects, after commitments from participants exceeded the $80 million needed for launch.
OTC Legal and Black Swan Risk Advisors form strategic alliance
OTC Legal, a legal services company, and Black Swan Risk Advisors (BSRA), an independent advisory and educational services firm, have formed a strategic alliance. Together they will provide comprehensive legal, transactional tax, regulatory and risk…
Icap acquires J. E. Hyde shipbrokers
Interdealer broker Icap has acquired shipbroking and shipping services business J.E.Hyde. The new company will be known as Icap Hyde & Company.
Barclays Capital
Structured Products House of the Year
Deutsche Bank
Derivatives House of the Year
Morgan Stanley
US Electricity House of the Year