Energy transition
A pairs trading strategy based on switching-regime volatility for commodity futures
A pairs trading strategy on energy, agricultural and index futures uses different parameters according to a volatility regime that is detected using a threshold evaluated in two ways, namely by means of a mixture of two Gaussian densities and a Markov…
Navigating cloud adoption
Commodities enterprises recognise the benefits of cloud adoption, but migrating to the cloud can seem daunting
‘Wrong type of liquidity’ spells trouble for energy hedges
Cyclical lull conceals structural shift as liquidity becomes shorter-dated and more flighty
Asia CTRM and ETRM software house of the year: OpenLink
OpenLink enters new market segment with RightAngle Xpress
Asia energy dealer of the year: BP
BP restructures long-dated hedge for commercial player
Asia oil dealer of the year: BNP Paribas
French bank expands Asia client base amid oil rout
Asia exchange of the year: SGX
Singapore exchange powers forward in LNG and seals the deal on major freight market acquisition
Energy Risk Asia Awards 2016: The winners
BP takes energy dealer of the year after ramping up third-party and structured business
UK-based energy firms consider fleeing Brexit
Trading units exploring relocation to avoid “years of uncertainty”, says AFM official
Q&A: Dutch watchdog on the pitfalls of Mifid II
Catching the right energy firms – and leaving others untouched – has been tough, says Esma task force member, Jasper Jorritsma
Mifid II impact on energy liquidity sparks fiery debate
Regulators and industry clash over interpretation of Mifid II market-making rules at industry event
Commodity volatility, skew and inverse leverage effect
Two observations have consequences for commodity risk management and stochastic volatility modelling: the first is that the standard leverage effects in commodities are due to a misspecification and are inefficient proxies for the forward slope effect;…
Hedge fund Citadel hires nat gas chief from Hartree
Mercuria hires Morgan Stanley commodities chief; SocGen Asia energy sales head moves to CME; Lindt named Danske CEO; Commonwealth Bank hires head of commodities structuring; Freepoint hires Cofco agriculture heads; Uniper appoints Nordic region GM;…
Coal contracts boom is a sign of desperation
Producers' turn to derivatives may be a last throw of the dice
Carbon life force: derivatives defy coal's bleak future
Coal producers shorting volatility to collect premium, say traders
Energy risk teams explore use of KRI metrics
KRIs show particular promise for managing operational risk
Energy firms fear liquidity void if US capital proposals hit banks
Trades ‘wouldn’t be anywhere near making sense’ for banks
Turning uncertainty into innovation in the energy industry
Uncertainty, low commodity prices and squeezed margins are pressing energy companies to look for more innovative and cost-efficient solution
Hidden risks for corporates in renewable energy PPAs
Buyers face load, covariance and basis risks in typical agreements
Position vacant: unpicking energy’s hidden contract risks
Complex, long-term supply deals present job opportunity for risk managers
Enterprise risk management powers up at utilities
There has been a resurgence of interest in enterprise risk management (ERM) recently. What can ERM offer beleaguered utilities?
A profit and loss attribution framework for physical and financial energy portfolios
A profit and loss attribution framework can improve the information available to energy traders and give valuable insight into the health of their portfolios
Citi loses senior energy traders
Brookes moves to EDF Trading as head of European gas trading