Risk management
GFI/Amerex/StarSupply
Broker of the Year
Measuring success
A cutting-edge survey by McKinsey & Company reveals which types of trading are most prevalent and successful among utilities. Using survey data, McKinsey's Jörg Doege, Sven Heiligtag and Peter De Wit suggest guidelines for creating successful trading and…
HSBC
Precious Metals House of the Year
Feeling the heat
Uncertainty over future fuel prices is proving a headache for airlines. While many put on successful hedges last year ahead of widely anticipated price spikes, this year's price falls have discouraged hedging. Joe Marsh looks at how airlines in Asia are…
Whose side is your consultant on?
Choosing the most appropriate front- and middle-office software often requires companies to seek expert advice. However, consultant expertise and objectivity can vary greatly. Choosing the right software consultant is a task itself, writes Ryan Rogers of…
UBS
Base Metals House of the Year
TradeCapture
Software House of the Year
Towers Perrin
Advisory Firm of the Year
Morgan Stanley
Energy Risk Manager of the Year
IntercontinentalExchange
Exchange of the Year
Deutsche Bank
Derivatives House of the Year
ICE announces new global clearing strategy
IntercontinentalExchange (ICE) today announced plans to extend its clearing operations with the formation of a wholly-owned European clearing house.
Bank of Montreal reports heavy commodity trading losses
BMO Financial Group, formerly the Bank of Montreal, said today that it has incurred second-quarter mark-to-market commodity trading losses estimated at between C$350 million ($313 million) and C$450 million ($403 million), pre-tax.
Nuon goes live with Xenon platform
Dutch utility Nuon has rationalised all its trading and risk management on single platform by adopting Sakonnet’s Xenon software.
Nymex to offer uranium futures contracts
The New York Mercantile Exchange (Nymex) has signed a 10 year agreement with Ux Consulting Company, a uranium pricing index and information provider, to introduce on and off-exchange traded uranium futures products. The contracts will be listed on the…
ISDA adds coal annex to its Master Agreement
The International Swaps and Derivatives Association (ISDA) today announced publication of the ISDA Global Physical Coal Annex to the ISDA Master Agreement.
Survey reveals major energy buyers’ views and strategies
A pan-European price forecasting survey of 100 major energy users has revealed that only two fifths of respondents had a risk management policy - seen as essential when developing an energy procurement strategy.
Engineering change
A new risk management culture is evolving in the Asian clean development mechanism market, which should lower CDM project risk while expanding financing options, finds Catherine Lacoursière
Purchase timing
Managing purchase timing risk is a constant issue for wholesale power buyers. Pavel Diko reviews products that reduce this risk, proposes a lookback option that can eliminate it completely and outlines a hedging strategy for the option writer
Has mean reversion had its day?
Some experts are questioning whether mean-reversion models – once the standard way of explaining energy price movements after simple one-factor Brownian motion modelling fell from favour – are still suited to the petroleum and gas markets. Dario Ghazi…