Energy
Future imperfect
Hedging physical deals with derivatives may be active risk management, but if the physical contract is breached, it can result in unnecessary losses. Andrew Meads looks at whether the innocent party can recover these losses
CME, CBOT to merge
The Chicago Mercantile Exchange is to merge with the Chicago Board of Trade in a move the exchanges say is “expected to transform global derivatives markets.”
SG, Rhodia launch emissions company
Société Générale and Rhodia Energy Services, a global specialty chemicals company, have formed a joint venture company to trade carbon.
Barclays bullish on oil
Crude oil's recent slide is set to reverse with prices returning to over $70 by the end of the year, Barclays Capital says in its latest commodity research.
DME reveals trading platform details
Energy futures exchange the Dubai Mercantile Exchange (DME), due to launch in the fourth quarter of this year, has unveiled details of its trading platform.
First physical and futures freight fund launched
Dry bulk shipping fund advisor M2M Management today launches Global Maritime Investments, the first physical and futures maritime freight fund.
Point Carbon launches North American operations
Point Carbon, a provider of market intelligence, analysis, forecasting and advisory services for the energy and environmental markets, today announced the launch of operations in North America.
Natsource in billion dollar green house gas transaction
Carbon asset manager Natsource has announced that two of its entities will participate in a billion dollar green house gas (GHG) transaction.
SGX AsiaClear to offer clearing on partials
The Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of OTC balance-of-month fuel oil 180cst and 380cst swaps from September 4.
ETF Securities launches 29 new exchange-traded commodity securities
ETF Securities, a leading player in exchange-traded commodities (ETCs), will simultaneously launch 29 separate ETCs in the UK within the next few weeks, comprising 19 individual securities and 10 index securities.
Climate Change Capital creates world's largest private carbon fund
Climate Change Capital (CCC), a UK-based investment bank that focuses on investment in clean energy and a low carbon economy, announced this morning that it has created the world's largest private sector carbon fund.
GFI to acquire Amerex's North American operations
GFI is acquire the North American brokerage operations and assets of Amerex Energy, a leading interdealer broker of power, natural gas and emissions products and related derivative and option contracts in North America.
DME partners with Emirates National Oil Co. to develop jet fuel futures
The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (Enoc) subsidiary Enoc Supply & Trading LLC today announced the signing of a Memorandum of Understanding (MoU) to explore the development of the first exchange-traded jet fuel futures…