News
Launch of NASDAQ OMX Commodities as acquisition of Nord Pool closes
Global exchange company, NASDAQ OMX has completed the 100 percent share acquisition of Nord Pool International, to create NASDAQ OMX Commodities, the world’s biggest provider of cleared power derivatives volumes.
Exelon proposes NRG merger
Exelon Corporation has announced details of a $6.2bn proposal to acquire NRG Energy, a merger that would create the largest US power company in terms of assets, market capitalisation, enterprise value and generating capacity.
Nymex announces job cuts
Nymex is to make 150 job cuts over the next 18 to 24 months as a result of its acquisition by CME Group in August 2008.
UK first in Europe to conduct Phase II carbon credit auction
The UK will be the first country in Europe to hold a carbon credit auction under phase II of the European Union Emissions Trading Scheme (EU ETS), the government announced today.
New futures contracts launched on ClearPort
CME Group is to launch 18 natural gas and 17 petroleum product swap futures contracts on its ClearPort system.
RTS to launch power and weather futures
The futures and options wing of Moscow-based stock exchange Russian Trading System, RTS-FORTS, is planning to launch electricity and weather futures contracts in 2009.
Eurex to launch commodity index futures and options
Derivatives exchange Eurex will launch futures and options based on Dow Jones-AIG commodity sub-sector indexes in the first quarter of 2009.
ICE Clear Europe to commence clearing on November 3
London-based ICE Futures Europe’s wholly owned clearing house ICE Clear Europe will begin operations on November 3, when all futures and OTC trading positions are transferred from current clearer LCH.Clearnet.
Kyoto global emissions trading system to go live
The United Nations climate change secretariat (UNFCCC) has announced that the International Transactional Log (ITL) of the Kyoto Protocol emissions reduction framework will connect with carbon registries from 26 EU countries from October 16.
JP Morgan takes DME stake
JP Morgan has taken an undisclosed equity stake in the Dubai Mercantile Exchange (DME).
CME allowed to clear OTC ethanol contracts
The Commodity Futures Trading Commission (CFTC) issued an order on October 9th permitting Chicago Mercantile (CME) to clear over-the-counter (OTC) ethanol contracts.
Mizuho and Ambrian team up for LME brokerage
Mizuho Securities USA, the US securities and futures arm of Japan’s Mizuho Financial Group, has agreed to cooperate with Ambrian Commodities, a subsidiary of London-based natural resources investment bank Ambrian Capital.
UBS to remain trading on LME
Contrary to media reports, investment bank UBS will continue to trade on the London Metal Exchange (LME), a spokesperson from UBS has confirmed. However, the investment bank will no longer act as a market maker for the LME, according to the UBS…
Trayport and Icap extend GlobalVision agreement for 3 years
Trading software provider Trayport today extended an agreement with interdealer broker Icap Energy for the use of electronic system GlobalVision until 2011.
Business as usual for Merrill as BofA eyes prize
Merrill Lynch may have made mistakes in the credit market, but its commodity franchise is a real prize for its prospective owners, finds Energy Risk