Risk management
Experts predict wave of commodity spread ETFs
An influx of commodity-based exchange-traded funds (ETFs) could sweep the market, after Canadian investment firm Jovian Capital Corp’s ETF unit BetaPro Management launched the first ever commodity spread ETF this month, signalling the growing range of…
Valid Assumptions Required: an analysis of VaR for energy markets
In this 10-part series, Brett Humphreys takes a fresh look at the widely used risk measure value-at-risk (VaR), urging risk managers to be more aware of the many assumptions that go into the calculation to produce the VaR number.
Cutting Edge: Pure jump models for energy prices
Université de Lausanne’s Roberto Marfè investigates pure jump processes as modelling blocks for the distributions of energy returns under the pricing measure. An easy-to-implement option-implied approach is outlined, which circumvents most of the…
Risk management in vertically integrated energy companies
Once risk management is seen as more than just a control function, the business operations of vertically integrated energy companies present numerous opportunities, especially for hedging strategies. Jaime Román and Santiago Tejero of Endesa discuss
Energy Risk - Commodity Rankings Reception - photos
Highlights from Energy Risk’s Commodity Rankings cocktail reception, held in London on February 25
Turning points: Chris Schlegel, risk manager with Southern Company
Chris Schlegel, risk manager with Southern Company, speaks to Lianna Brinded about the changing landscape for energy risk management amid the new global energy mix
Pass the microphone: Preston to Cusenza
What have power trading and personal genetics got in common, and what are the advantages of a clearing house using VAR to calculate margin? Ben Preston, head of power trading at Macquarie Energy, puts his questions to Paul Cusenza, CEO of Nodal Exchange
Special report: India's energy derivatives market
Our Special Report for April focuses on India's nascent energy derivatives markets.
Q&A with JP Morgan’s head of commodities for India
Indian businesses are keen to learn how to recognise their exposures to commodity price volatility and, in turn, manage that risk, says JP Morgan’s Rahul Eapen. He tells Katie Holliday why the varying levels of knowledge and understanding make the Indian…
Building the blocks for energy risk management in India
The concept of using derivatives for risk management is still relatively new to utilities in India and viewed with caution by market regulators. Katie Holliday talks to market experts about how they expect the discipline of risk management to develop
Aligning the interests of trading desks and refineries
The interests of trading desks may not always be aligned with the best interests of a vertically integrated company’s assets. Charles Ford discusses some approaches that address this issue
Economic uncertainty adds to challenge of hedging in US power markets
Uncertainty has plagued the US power sector since the financial crisis. Although many believe an economic recovery is in sight, forecasting load growth continues to be a headache for those looking to manage risk in this market. Pauline McCallion reports
Trading positions – April 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
UK CRC brings opportunities and new risks for utilities
The April launch of the UK’s CRC Energy Efficiency Scheme brings with it more work and the need for more risk assessment for UK utilities, finds Katie Holliday
Energy Risk: What's coming next?
Energy Risk brings you a snapshot of what's moving and shaking the markets with a special look at the Indian energy derivatives sector.
ETF Securities launches commodity index tracker fund
Exchange-traded funds (ETFs) and currency specialist ETF Securities has launched the first ETF to track the Dow Jones-UBS Commodity Three-Month Forward Index (DJ-UBSCI F3(SM)), following growing investor demand for diversified commodity related products.
S&P to launch commodity sub-indexes amid US regulation fears
Ratings agency and financial research firm Standard & Poor’s (S&P) is to roll out two commodity-related sub-indexes that focus only on European and Asian contracts in response to fears the US Commodity Futures Trading Commission (CFTC) will make further…
Energy Risk: What's coming next?
Energy Risk brings you a snapshot of what's moving and shaking the markets with a special look at the continuing impact of the financial crisis on utilities.
CME launches crude palm oil contract
A dollar-denominated, cash-settled crude palm oil futures contract will begin trading on CME Globex on May 23, 2010 under a partnership between CME Group and Bursa Malaysia.
Energy Risk's Software Survey and Rankings 2010
Over two-thirds of the respondents to Energy Risk’s 2010 Software Survey say they will be investing in new systems this year, despite the economic downturn. The survey also reveals which systems are preferred by industry participants. Lianna Brinded…
Trading positions – March 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Tradition Re's Dutch auction hedges 2010 hurricane risk
Tradition Re, the US reinsurance division of interdealer broker Tradition, has completed a Dutch auction on behalf of a reinsurer aiming to hedge risk during the 2010 hurricane season in Florida.
