Risk management
Trading Technologies to support trading on Nybot
Trading software developer Trading Technologies (TT) has announced that from 2 February it will support electronic trading of the New York Board of Trade’s (Nybot’s) benchmark agricultural commodity products through its X_TRADER order-entry platform.
Projecting risk
Oil and gas projects have high investment stakes, so weighing up the risks and viability of a project against an existing portfolio is essential. Dan Patterson looks at some techniques
UBS takes top metals spot
UBS has won top spot in this year's metals poll, pushing last year's winner, Barclays Capital, into second place. Goldman Sachs finishes in third position and HSBC in fourth, in a year characterised by volatile metal prices. By Mark Pengelly, with…
Beyond compliance
Operational risk for the energy sector covers everything from production to transportation. Companies are now seeking sophisticated solutions to integrate op risk into wider risk-management programmes, as Oliver Holtaway reports
Leading the pack
Increased investment in the steadily growing commodity derivatives markets is paying off for many new entrants, but the old guard continues to maintain the biggest piece of the pie. Oliver Holtaway reports
CATHERINE FLAX
Catherine Flax, global head of commodities marketing at JP Morgan talks to David Watkins about what makes the energy sector so unique
Credit Suisse and NECC forge partnership
Credit and clearing service provider North American Energy Credit and Clearing (NECC) has entered into a joint venture with investment bank Credit Suisse.
APM gains first owner in western US
ACES Power Marketing (APM), a wholesale energy risk management and transaction execution service company, has gained its first owner in the western US, as it continues to expand its service base in California and the west.
OpenLink acquires IRM
OpenLink, a provider of cross-asset trading and risk management software solutions, has purchased IRM, an Austrian-based energy solution provider focused on energy asset optimisation and strategic planning.
ICE and Nybot merger complete
The merger between electronic energy trading platform IntercontinentalExchange (ICE) and the New York Board of Trade (Nybot) is complete. The soft commodity exchange is now a wholly owned subsidiary of ICE as part of a for-profit, publicly traded…
Correlation and credit VAR
Navneet Arora and Shisheng Qu show that credit VAR in commodity trading is affected not only by the inherent credit risks of counterparties, but also by various correlations among counterparties and between counterparties and commodity prices
In defence of VAR
High profile losses such as those at hedge fund Amaranth last year had people questioning risk management tools, particularly value-at-risk. But Chris Schlegel and Andrew Kosnaski believe VAR would have given adequate signals to traders in the volatile…
Nymex to offer soft commodities
The New York Mercantile Exchange (Nymex) has entered the soft commodity space with the launch of six new futures contracts on its ClearPort clearing and trading platform.
Urge to merge
The landscape for US commodity exchanges is undergoing considerable change, with many heavyweight names announcing mergers or new co-operations. David Watkins looks at what this will mean for energy trading
Valid Assumptions Required: advanced volatility measures
In the next article of his VAR series, Brett Humphreys discusses more advanced methods for estimating volatility.