Energy
Nymex and Montreal form alliance
The New York Mercantile Exchange (Nymex) is to form a “strategic alliance” with the Montreal Exchange (MX), Canada’s largest financial derivatives exchange.
Climate change: FSA warns of risk, predicts opportunities
The Financial Services Authority (FSA) has stated in its Financial Risk Outlook 2007 report that climate change poses “considerable risks and challenges to the financial sector”.
ICE/Nymex rivalry deepens over softs
Soft commodities such as coffee and sugar are the latest battleground for rival exchanges ICE and Nymex. David Watkins charts the showdown
Trading Technologies to support trading on Nybot
Trading software developer Trading Technologies (TT) has announced that from 2 February it will support electronic trading of the New York Board of Trade’s (Nybot’s) benchmark agricultural commodity products through its X_TRADER order-entry platform.
Compliance solutions
Compliance with regulations such as Sarbanes-Oxley and Mifid is putting an increasing burden on energy-trading firms. Roderick Bruce looks at ways of overcoming the latest regulatory hurdles
Nymex abandons UK exchange
The New York Mercantile Exchange (Nymex) has effectively ended its trading presence in the UK by applying for its subsidiary, Nymex Europe, to be deregistered.
Energy dominates Union address
President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
Energy dominates State of the Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
Energy dominates Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address, but experts question whether they are realistic.
Goldman Sachs doubles stake in Climate Exchange
Shares in Climate Exchange, the UK-listed company that owns the European Climate Exchange (ECX) and the Chicago Climate Exchange, rose by around 5% after the company disclosed that US investment bank Goldman Sachs has doubled its stake to 19%.
GE and AES plan GHG offset partnership
Global power company AES and GE Energy Financial Services (GE EFS), a unit of General Electric, are to create a partnership to develop greenhouse gas (GHG) emission reduction projects in the US.
EC launches new vision for energy policy
The European Commission has today proposed a new energy policy for Europe that focuses on fighting climate change and making Europe’s internal energy market more competitive.
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.
Optionable adds new listings
Energy brokerage Optionable is now listing contracts for crude oil, heating oil and gasoline through its Opex trading platform.