Energy Risk

Newsome leaves CFTC to head up Nymex

James Newsome has quit as chairman of the US Commodity Futures Trading Commission (CFTC) to head up the New York Mercantile Exchange (Nymex). Newsome’s resignation is effective from July 23, and he will be president of Nymex from August 2, replacing Bo…

APX restructures and hires senior staff

APX Group, which provides exchanges for natural gas and power trading across northwest Europe, will move London-based power exchange UKPX’s forwards market onto its own system on August 18. The group has also made several senior appointments following…

Montréal Exchange and Oxen to offer energy clearing

The Canadian Derivatives Clearing Corporation (CDCC) - a wholly owned subsidiary of the Montréal Exchange (MX) - and the Alberta Watt Exchange, an Alberta-based energy exchange wholly owned by digital commodity exchange operator Oxen, are to provide…

El Paso sells four power plants

Houston-based energy company El Paso Corp is continuing its mass sell-off of assets by closing the sale of a further four power plants to Northern Star Generation. El Paso Merchant Energy, a business unit of El Paso Corp, sold the facilities on July 2…

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