Risk management
Actively managing risk culture in energy firms: part one
Risk culture lies at the root of many of the most publicised energy risk management failures. In the first instalment of a two-part series, Carlos Blanco, Jean Hinrichs and Robert Mark explore how energy firms can define, assess, benchmark and actively…
Energy trading firms may rue the decline of quants
Quant finance transformed energy markets, but has been met with a lack of enthusiasm and investment since the financial crisis. That is a shame, say industry veterans, who point to a number of areas that could benefit from a renewed focus on quantitative…
Morgan Stanley sees flurry of moves amid physical sales
Jones leaves Mercuria; EDF Trading names power and gas heads; GlobalCoal's Burns moves to BTG Pactual; PVM gas brokers join OTCex; Goldman makes commodity hires
Energy Risk Asia Awards open for submissions
Energy Risk is now accepting submissions for its highly-prized Energy Risk Asia Awards, which will be featured in our September 2014 issue
BNP Paribas hires former JP Morgan commodity salesman
David Samuels joins BNP Paribas to become New York-based head of Americas commodity sales, two months after leaving JP Morgan
Commodity traders won’t replace banks, says Citi’s Staley
Citi head of global commodities “doesn’t lay awake at night awaiting a full-scale assault” from non-bank companies, such as oil majors and commodity trading houses
Energy Risk Awards 2014
The Energy Risk Awards recognise excellence throughout the global commodity markets. You can read all the details of the winning companies by clicking the links found in this page
Broker of the Year: Icap Energy
New rules and client malaise are posing challenges for energy brokers, but Icap Energy has delivered continuity in terms of quality of execution and the way it has handled regulatory change
Data Provider of the Year: Thomson Reuters
Thomson Reuters has long been a respected provider of data, but it is also enhancing its commodities offering with innovative tools and insight from third parties
ETRM Software House of the Year: Allegro Development
Allegro Development's focus on enterprise-wide efficiency is winning it new clients and bolstering its core ETRM offering
Exchange & Clearing House of the Year: EEX & ECC
The European Energy Exchange and European Commodity Clearing are positioning themselves for growth in their core markets, but also for fresh opportunities much further afield
ETRM Software Advisory House of the Year: Structure
Structure’s expanded strategic advisory services are adding new breadth and insight to its thriving ETRM software advisory practice
Technology House of the Year: TriOptima
Emir and Dodd-Frank are pushing energy companies towards an increasing use of portfolio compression and reconciliation services – a trend that is benefiting TriOptima
Research House of the Year: Marex Spectron
The increasing prevalence of financial trading in commodities means there is a need for innovative technical analytics, which broker Marex Spectron has done well at providing
Energy Risk Manager of the Year: GDF Suez Trading
As banks retreat from commodity market, GDF Suez Trading is expanding its risk management business and broadening its geographic reach
Derivatives House of the Year: Citi
While other banks are nervously pulling back from commodity and energy derivatives trading, Citi is boldly pushing ahead
Quants: how they shaped the modern energy market
Nowadays, quants are well established in energy trading. But the original introduction of quantitative techniques to the industry was far from straightforward, with a lot of hard work involved in adapting financial market models to the energy arena…
JP Morgan and Mercuria reveal post-transaction plans
Icap Energy chief Newman steps down; PetroChina hires products head; BAML makes commodities hires; E.on recruits Barclays power and gas head; Evolution launches US power desk
The hidden revolution in real-world monitoring
With more data available to us than ever before, harvesting, consolidating and transforming it into actionable insight has become Thomson Reuters’ mission, as discussed in this sponsored feature by Leigh Henson, global head of energy, and Stefan…
Unfinished rules likely to cause continued hedging woes
Post-crisis financial legislation is generating deep uncertainty for industry participants, making life difficult for companies that rely on commodity markets as a vital way of managing their risk
Energy traders seek flexibility in CFTC position limits
Bona fide hedging definition and complexity of position limits worry panellists speaking at Energy Risk Summit USA
Fuel hedgers bemoan bank retrenchment from commodities
Delta Air Lines and World Fuel Services describe impact of Wall Street retreat from commodity markets at Energy Risk Summit USA
Looking back: Nymex moves into ‘classy’ new headquarters
CME Group’s Nymex trading floor is now sparsely populated, but back in 1997, the exchange was in urgent need of additional capacity, as Energy Risk reported in May that year
TXU bankruptcy holds lessons for risk managers
The bankruptcy of Energy Future Holdings – formerly known as TXU – should act as a warning to risk managers, who must be alert to excessive self-confidence and a failure to deal with unpleasant or inconvenient facts, argues Vincent Kaminski