News
Climate change: FSA warns of risk, predicts opportunities
The Financial Services Authority (FSA) has stated in its Financial Risk Outlook 2007 report that climate change poses “considerable risks and challenges to the financial sector”.
ICE/Nymex rivalry deepens over softs
Soft commodities such as coffee and sugar are the latest battleground for rival exchanges ICE and Nymex. David Watkins charts the showdown
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.
Nymex abandons UK exchange
The New York Mercantile Exchange (Nymex) has effectively ended its trading presence in the UK by applying for its subsidiary, Nymex Europe, to be deregistered.
Energy dominates Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address, but experts question whether they are realistic.
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.
Goldman Sachs doubles stake in Climate Exchange
Shares in Climate Exchange, the UK-listed company that owns the European Climate Exchange (ECX) and the Chicago Climate Exchange, rose by around 5% after the company disclosed that US investment bank Goldman Sachs has doubled its stake to 19%.
Support grows for Feinstein-Carper bill
The US utility sector has thrown its support behind an aggressive cap-and-trade plan that specifically targets the greenhouse gas emissions of electric utilities.
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.
GE and AES plan GHG offset partnership
Global power company AES and GE Energy Financial Services (GE EFS), a unit of General Electric, are to create a partnership to develop greenhouse gas (GHG) emission reduction projects in the US.
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…
Austin Energy uses World Energy Exchange for electricity purchase
Austin Energy, a community-owned electric utility and an Austin, Texas city department, has purchased 664.8 million kilowatt hours of on-call electricity supply using the World Energy Exchange.
Fimat and Calyon Financial in merger talks
Société Générale and Calyon have entered into exclusive negotiations regarding a possible merger of their brokerage activities, currently carried out by Fimat and Calyon Financial respectively.
EC launches new vision for energy policy
The European Commission has today proposed a new energy policy for Europe that focuses on fighting climate change and making Europe’s internal energy market more competitive.