Energy trading
Energy traders ignore legal risk at their peril
Legal risk is a challenge for energy trading organisations, as it eludes traditional quantitative risk management techniques. But its effects can be just as disastrous as other risk management failures, and sometimes worse, warns Vincent Kaminski
Utilities face pressure to clear OTC derivatives
Utilities are trying to avoid OTC derivatives clearing under Emir, but industry observers say bank capital requirements and rules on non-cleared derivatives may yet force them to clear their trades
RWE trading chief looks forward to retirement
Commodity markets have been through many changes since Stefan Judisch first began his career 30 years ago. As he prepares to retire as chief executive of RWE Supply & Trading, he talks to Gillian Carr
CFTC’s Giancarlo set to revive energy advisory committee
CFTC's revamped Energy and Environmental Markets Advisory Committee will focus on impact of Dodd-Frank regulations on US energy companies, Giancarlo says
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 ETRM Software House of the Year: OpenLink
The software needs of Asian energy trading firms are growing broader and more sophisticated, and vendor OpenLink is eager to respond
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
CpML to foster standardisation among energy traders
First developed by Efet, CpML is a standardised language for the storage and exchange of commodity data, which could help reduce the industry’s high levels of operational risk. As a new standalone entity takes over the running of CpML, Filip Sleeuwagen,…
Energy firms rely on patched-up solutions for reporting
Under new rules in Europe and the US, energy firms have to aggregate trade data from a variety of internal sources and report it to repositories. While it was hoped this process could lead to wider improvements in analytics, risk management and…
Tougher UK Remit sanctions to be felt across EU
Proposed UK criminal penalties for manipulation and insider trading under Remit would have "very broad" effect across European energy market, according to lawyers
Bespoke OTC reporting a struggle for energy firms
European energy trading firms say they are finding compliance with Emir trade reporting rules onerous and heavily reliant on manual intervention, particularly when it comes to non-standard trades
ETRM Software House of the Year: Allegro Development
Allegro Development's focus on enterprise-wide efficiency is winning it new clients and bolstering its core ETRM offering
ETRM Software Advisory House of the Year: Structure
Structure’s expanded strategic advisory services are adding new breadth and insight to its thriving ETRM software advisory practice
Energy firms ponder Mifid exemptions and position limits
A consultation by the European Securities and Markets Authority is being closely scrutinised for answers on how a revamped Markets in Financial Instruments Directive will affect commodity trading companies
Energy market has bright future, despite bad news
Energy risk management has come a long way and is serving up unparalleled opportunities, despite poor liquidity and a retreat by banks
Dynegy founder Watson recalls dawn of deregulation
Dynegy founder Chuck Watson talks to Alexander Osipovich about the dawn of deregulation, the fall of Enron and what it takes to be a successful entrepreneur
Energy Risk marks 20 years of covering energy markets
Energy Risk was first published back in February 1994. Since then, its fortunes have risen and fallen with those of the wider energy risk management industry. Mark Pengelly reflects on the highs and lows of the first 20 years
PetroChina recruits BAML natural gas trader
Rapidly growing US unit of Chinese state energy giant PetroChina expands into financial natural gas trading with new hire
Off-the-shelf ETRM software taking off, survey reveals
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require significant customisation and rarely meet all their ETRM needs…
A can-do attitude
Axpo Trading & Sales aims to optimise the production of Switzerland-based utility Axpo, but is increasingly offering the same service to external clients, including renewable generators. Energy Risk talks to Domenico De Luca, head of international…
Energy firms' systems not ready for regulation, survey finds
ETRM systems are ill-prepared for financial and energy market regulation, according to Energy Risk survey
Risk & Energy Risk Commodity Rankings 2014 – energy
The past 12 months proved tough for energy dealers, with low volatility, poor liquidity and sluggish levels of client activity. Given this, some banks decided to scale back their commitment to the market – a trend that is reflected in this year’s results…
CFTC-Ferc deal leaves enforcement question unanswered
Agreements reached under US Dodd-Frank Act fail to address critical issue of enforcement
Energy Risk Software Survey & Rankings open for voting
Make sure your vote is counted in Energy Risk's annual ETRM software rankings