Regulation
Ofgem closes competition case against Scottish Power and SSE
UK energy regulator Ofgem has closed a Competition Act case investigating the behaviour of Scottish Power and Scottish and Southern Energy in the wholesale electricity market.
The next regulatory era
Market turmoil and political pressure are forcing the US CFTC to consider implementing new derivatives regulation or face potentially draconian rules imposed by Congress, write Gregory Mocek and Athena Velie
Demise of UK suppliers hits end-users hard
The near-simultaneous bankruptcies of the UK's only two independent energy suppliers has exposed problems in market frameworks and added to challenging operating conditions for end-users, finds Roderick Bruce
India lifts ban on four commodity futures contracts
The Indian regulator has given permission for futures trading in soya oil, chickpea, potato and rubber to resume following a seven month ban.
CFTC’s Lukken calls for new financial regulation in US
Walter Lukken, acting chairman of the Commodities Futures Trading Commission (CFTC), called for the US to scrap current regulatory systems in favour of a new objectives-based framework, in a speech to the Futures Industry Association on November 11.
CFTC petitioned to allow clearing of OTC agricultural contracts
Agora-X an electronic trading and negotiation platform for commodities, has petitioned the Commodity Futures Trading Commission (CFTC) to allow the clearing of over-the-counter (OTC) contracts in major agricultural commodities.
Energy traders clash with regulators
In the wake of the credit crunch, energy trading executives have clashed with regulators over the potential imposition of what they see as onerous trade data reporting obligations.
EU nations accused of restricting free trade of renewable energy
The European Federation of Energy Traders (EFET) has supported a complaint, from an unnamed generator and a renewables trader, made to the European Commission on October 10.
CME allowed to clear OTC ethanol contracts
The Commodity Futures Trading Commission (CFTC) issued an order on October 9th permitting Chicago Mercantile (CME) to clear over-the-counter (OTC) ethanol contracts.
UBS to remain trading on LME
Contrary to media reports, investment bank UBS will continue to trade on the London Metal Exchange (LME), a spokesperson from UBS has confirmed. However, the investment bank will no longer act as a market maker for the LME, according to the UBS…
Funds warn against stifling trade
Recent moves to increase regulation in oil markets are stifling trade and won't bring down prices, warn fund managers
Transparency act remains unclear
Proposed legistlation on US energy market regulation is causing concern amongst traders finds Pauline McCallion
David Peniket
David Peniket, president and COO of ICE Futures Europe, talks to Roderick Bruce about making bold decisions
Goldman and Morgan become bank holding companies
Goldman Sachs and Morgan Stanley have applied to the US Federal Reserve to become bank holding companies, in response to the crisis that has seen the bankruptcy of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America.
CFTC report on swap dealer and index trader activity
Following an unprecedented survey of off-exchange swap dealers and commodity index funds carried out in June 2008, the Commodity Futures Trading Commission has made some recommendations on activities of swap dealers and commodity index traders.
Grabbing new business
Global exchanges are vying for a largerslice of the growing OTC market, just asincreasing US market regulation couldpush business towards regional exchanges.Catherine Lacoursière reports
ICE cool about further regulation
ICE Futures chairman Bob Reid said today he was “relaxed” about the CFTC regulation of ICE Futures Europe.
Singapore announces commodities exchange
Trading technology company Financial Technologies Group is to launch a Singapore-based commodities exchange, it has announced.
Singapore announces commodities exchange
Trading technology company Financial Technologies Group is to launch a Singapore-based commodities exchange, it has announced.