News
Alberta energy regulator urges firms to boost compliance
Official with Alberta’s Market Surveillance Administrator touts self-reporting of violations and plugs public shaming of chief executives as ‘amazingly motivating’
Top US energy regulator defends market manipulation probes
Ferc chairman Norman Bay says the agency has provided ‘a lot of clarity’ of the definition of market manipulation, rejecting complaints from industry that the rules are unclear
Energy firms blast new Mifid II rules on commodities
Energy firms will abandon commodity derivatives markets if the EU fails to broaden ancillary business exemption, industry groups warn
Chinese clampdown on HFT may hinder new oil contract
Tighter rules on high-frequency trading being considered after China’s stock market meltdown may have the unintended effect of undermining new Shanghai crude oil contract
Probes of EU energy market abuse set to jump with Remit
The October 7 launch of Remit trade reporting is expected to spark a flurry of new investigations into suspected abuse of EU power and gas markets
Commodity end-users fret over shrinking number of FCMs
Futures brokers attack costly new rules at a CFTC meeting on September 22
EU TSOs need carrot to tackle congestion – EEX's Reitz
Electrical grid operators' lack of investment and the rise of capacity mechanisms are impeding cross-border trading, said panellists at a discussion in London
Market participants cheer CFTC swap reporting fixes
Regulator delivers long-awaited clarification on reporting of cleared swaps, raising hopes of further CFTC action on more troublesome uncleared trades
Fall in US gas hub liquidity hampers derivatives market
Surging shale gas production in the northeast US has undermined Platts’ Gulf Coast indexes and derivatives contracts that rely on them
CFTC’s Giancarlo backs phased approach to position limits
The CFTC should implement speculative position limits for the spot month first, before imposing non-spot-month limits, says commissioner Chris Giancarlo
Nasdaq energy futures face liquidity challenge
New energy futures exchange seeks to win market share from CME Group and Ice with cheaper lookalike contracts, but traders say it faces an uphill battle to attract liquidity
Barclays hires two senior energy traders
UK bank reaffirms its presence in commodities with hires from Credit Suisse and Mercuria
Energy firms concerned by Mifid II ‘ability test’
The definition of a financial instrument under Mifid II and the structure of two key exemptions are worrying energy trading firms such as utilities
Report highlights decline in US gas price reporting
Fewer US energy firms are reporting gas trades to Platts and other index publishers, amid shifts in market structure and fears of regulatory risk
Noble Group defends off-balance sheet inventory deals
Noble is justified in keeping optional inventory sales off-balance sheet, even though the firm repurchases these inventories “the vast majority” of the time, says chief executive Yusuf Alireza
Market participants worry for European energy liquidity
Banks, energy firms and regulators expressed concern about the impact of regulation on EU energy market liquidity at Energy Risk Summit Europe on June 24 and 25
EU power traders rail against national interventions
Interventions by national governments in areas such as capacity and renewables are hampering the EU electricity market, complained panellists at Energy Risk Summit Europe
Remit breaches already being investigated by Acer
Acer was already investigating breaches of Remit, but needed more resources to carry out its role, said director Alberto Pototschnig, speaking at Energy Risk Summit Europe
European utilities face 'perfect storm', says Engie's Cirelli
Utility giants are already in deep trouble and urgently need to overhaul their business models, the former chief executive of Gaz de France told Energy Risk Summit Europe
Impact of Mifid II on commodities sparks heated debate
Industry representatives and regulators clashed while discussing tightened rules on commodity dealers under Mifid II at Energy Risk Summit Europe
Energy firms face Remit "nightmare", conference told
Companies may struggle to monitor trading data being sent to Acer on their behalf, said panellists at Energy Risk Summit Europe
Live coverage: Energy Risk Summit Europe 2015 - Day 2
Follow real-time highlights from Energy Risk's annual gathering of energy traders and risk managers in London
Ask questions and avoid sure bets, energy traders told
David Port, CRO of E.on Global Commodities, called for traders to adopt a more disciplined approach at Energy Risk Summit Europe
Live coverage: Energy Risk Summit Europe 2015 - Day 1
Follow real-time highlights from Energy Risk's annual gathering of energy traders and risk managers in London