Newman: why commodities will stay OTC
As he retires, Icap Energy founder on his acid test for picking emerging markets, and the promise of LNG derivatives
Post-crisis derivatives regulation has failed to shift commodity trading from over-the-counter markets to exchanges and is unlikely to achieve this key aim any time soon, if ever, says recently retired Icap Energy founder Paul Newman.
Regulations such as the 2010 US Dodd-Frank Act and the 2013 European Market Infrastructure Regulation (Emir) encourage firms to move trading out of OTC markets on to exchanges by mandating and favouring clearing. However, despite years of regulatory effort, Newman
More on Gas/LNG
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Natural gas/LNG house of the year: ENGIE
Energy Risk Awards 2025: Energy firm signs a string of innovative deals in established and fledgling gas markets
Natural gas/LNG house of the year: ENGIE
ENGIE continues to expand its services to better serve firms in Apac dealing with the challenges of energy risk management and supply
Market shrugs off EC’s plan to change gas benchmark
Dutch TTF prices unmoved, as market participants say they are “not taking it seriously”
Natural gas/LNG house of the year: Engie
Energy Risk Awards 2021: In a volatile market Engie continued to grow its gas and asset management businesses
Dynamic gas models make for better hedges
Study highlights dwindling role of weather in market
Short term, LNG view
Excitement over fast-growing LNG markets shouldn't blind us to the potential risks
