Commodities
Managing risk in agricultural commodities
Agricultural commodities are rarely written about in the mainstream financial media, and often only hit the headlines when an extreme weather event or natural disaster affects supply and prices.
Energy trading: the past, present and future
As part of Energy Risk's 20th anniversary, Energy Risk looks at the development of energy trading and risk management, as well as what may lie ahead for the industry in the next 20 years
Citi buys Credit Suisse commodity trading books
Citi has entered into a transaction to take on most of Credit Suisse's energy and metals positions, following the Swiss bank's exit from commodities and similar deals with Deutsche Bank earlier this year
CFTC chairman vows to 'get it right' on position limits
Chairman seeks to reassure farmers worried about bona fide hedge exemptions in proposed position limits rule
Actively managing risk culture in energy firms: part two
Cultural failings have played a critical role in many well-publicised energy risk management failures, but risk culture is challenging to monitor and assess. In the second part of this series, Carlos Blanco, Jean Hinrichs and Robert Mark propose a…
JP Morgan commodity heads reveal plans for the future
JP Morgan sold its physical commodities business to Switzerland-based Mercuria in October, a major retreat after years of aggressive expansion in energy and metals. But in an exclusive interview, the bank’s new global co-heads of commodities tell…
Mifid II must recognise that commodities are different
Mifid II is one of the most significant pieces of post-crisis financial reform, and threatens to engulf commodity trading firms in rules aimed squarely at financial services firms
Former CME Group energy head Morsches to leave
Gary Morsches, the New York-based former head of energy at CME Group, is to leave in early 2015, following the appointment of Martin Fraenkel as global head of energy
Senators turn up the heat on physical commodities
A key US Senate subcommittee has put the spotlight on banks’ involvement in physical commodities, raising pressure on the Federal Reserve to impose tough restrictions
Credit Suisse sheds top metals trader and Emea sales chief
Veteran salesman Kamal Naqvi leaves metals trading and European commodity sales roles following Swiss bank’s decision to wind down commodities business
Commodity leveraged ETFs: Tracking errors, volatility decay and trading strategies
Commodity exchange-traded funds (ETFs) and their leveraged counterparts are a significant part of the growing ETF market. Kevin Guo and Tim Leung examine their tracking performance, with a focus on the phenomena of volatility decay and realised effective…
Quant ideas: Liquidity in commodity risk management
Limited liquidity is a problem that arises frequently when managing large assets, such as power plants or storage facilities. Krzysztof Wolyniec shows how standard financial models tend to overstate the cashflows of these facilities and explains how…
Macquarie acquires Barclays US power trading book
Macquarie is deepening its involvement in North American energy by snapping up an electricity trading book from Barclays, which is said to include tolling agreements with power plant operators
Banks and investors see appeal of commodity finance
Despite the retreat of major global banks from commodities, commodity finance is nonetheless viewed as an attractive opportunity. But it is an area where banks face increased competition from trading houses. By Mark Nicholls
JP Morgan exits power markets with Mercuria deal
Electricity firms are gloomy about JP Morgan’s departure from power markets, saying trading houses and oil majors are not providing the same level of liquidity as banks once did
Mifid II doomsday awaits energy firms, conference told
Speaking at Energy Risk Summit Europe, compliance officer at Shell International Trading & Shipping warns of “serious threat” posed to energy traders by Mifid II
Nothing new about bank commodity exits, history shows
The recent exodus of banks from the commodities business is not a first. Alexander Osipovich looks back at the turbulent history of banks quitting the commodity markets, only to come piling back in a short time later
Energy Risk Asia Technology House of the Year: Aspect Enterprise Solutions
Regulation is driving many medium-sized Asian energy trading firms to seek the kind of affordable commodity trading and risk management system Aspect offers
Energy Risk Asia Derivatives House of the Year: Citi
With other banks pulling back, Citi’s commitment to physical trading – as well as its comfort taking exotic and illiquid risk – is highly prized by Asian clients
Energy Risk Asia Awards 2014
The Energy Risk Asia Awards celebrate excellence across the Asian commodity and energy markets. We present the winners
Citi hires global sales head for ags and softs
Eric Sananes, the former head of flow origination at EDF Trading, has joined Citi as London-based global head of agriculture and soft commodities sales
The 10 biggest energy risk management disasters of the past 20 years
The history of energy trading is littered with losses, bankruptcies and other misfortunes that now serve as cautionary tales. Alexander Osipovich looks back at the biggest energy risk management disasters of the past two decades and how they reshaped the…
Technology special report
Derivatives trade reporting, CpML, and the increasing use of governance, risk and compliance software by utilities all feature in this exclusive special report by Energy Risk
Energy Risk 20-year rankings
Since 1994, Energy Risk has ranked the top dealers and brokers in commodity markets in conjunction with sister publication Risk. Here, we present the industry’s top-ranked firms for the past 20 years