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Exchanging blows

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Growth in volumes, new products and a rush to capitalise on the changes in the energy market post-Enron saw the US’s two biggest exchanges post record figures. But as 2002 drew to a close, the New York Mercantile Exchange (Nymex) and the IntercontinentalExchange (Ice) traded legal blows in their fight for dominance in the futures and over-the-counter (OTC) markets.

In November, Nymex sued its Atlanta-based rival for alleged copyright infringement over Ice’s use of Nymex settlement prices for

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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