Enterprise risk
Calyon Financial and Fimat to merge
Investment banks Société Générale and Calyon have agreed to merge the brokerage activities currently carried out by their respective subsidiaries, Fimat and Calyon Financial.
Nymex property sale report stokes merger rumours
Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.
Clearing the way
The Futures and Options Association has called on UK power market participants to come forward to help develop the market's structure. Chris Cook proposes an enterprise model that aims to overcome the obstacles to co-operation
AstraZeneca
Pharmaceutical company AstraZeneca has restructured its supply contracts towards a more flexible model
The one that gets away
Managing volumetric risk is exceedingly challenging, yet getting it wrong can damage a company's reputation and make it look as though it is not in control of its operations. Garth Renne and Ken Truesdell of Brookfield Power suggest some solutions
Cbot says yes to CME
Chicago Board of Trade (Cbot) chairman Charles Carey says that shareholders have voted “overwhelmingly” in favour of a merger with the Chicago Mercantile Exchange (CME), paving the way for the creation of the world’s largest derivatives exchange.
Cbot voters may shun CME bid
Pressure is being placed on the Chicago Mercantile Exchange (CME) to raise its bid for the Chicago Board of Trade (Cbot) ahead of a crucial vote by both sets of shareholders on Monday.
Amaranth report to ring changes
Release of report into collapse of energy hedge fund Amaranth Advisors looks set to change the way OTC markets operate in the US
Energy Risk in Asia
Last month risk management professionals from all over the Asia-Pacific region gathered in Singapore for the inaugural Energy Risk Asia conference. Oliver Holtaway reports on some of the highlights
The net widens
Grid computing is ubiquitous in investment banking, yet until now the energy trading and risk management space has been slow on the uptake. This looks set to change, reports David Watkins
Amaranth trades “altered natural gas prices.”
Energy hedge fund Amaranth Advisors exploited legal loopholes and altered natural gas prices through “excessive speculation” before its 2006 implosion, a US senate investigation has found.
Mixed motives as ICE buys Canadian exchange
IntercontinentalExchange (ICE), the electronic energy and soft commodity bourse, has entered into an agreement to purchase Winnipeg Commodity Exchange (WCE), Canada’s main agricultural commodity futures and options exchange and home to the world’s…
Ethanol in “hangover mode” as sector looks to restructure
The unbridled optimism which spurred the ethanol markets in 2006 has been replaced by fears over the sustainability of some corn-based projects, according analysts speaking at this week’s Renewable Energy Finance Forum in New York.
RBS rumours rise on Sempra sale speculation
Sempra Energy is reportedly in talks with the Royal Bank of Scotland (RBS) regarding the potential sale of its commodities arm, Sempra Commodities.
Nymex reportedly in sale talks
The New York Mercantile Exchange (Nymex), the world's leading energy exchange, is reportedly in talks regarding a possible sale to NYSE Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange Holdings Inc.
CME sweetens Cbot offer
The Chicago Mercantile Exchange (CME) has bolstered its offer for the Chicago Board of Trade (Cbot).
CME, Cbot deal given go-ahead
The US Department of Justice has approved the Chicago Mercantile Exchange’s (CME) plans to merge with the Chicago Board of Trade (Cbot).
ETG Capital opens energy hedge fund
Houston-based hedge fund firm ETG Capital Management has launched an energy fund.
John Wengler
Entergy’s fun-loving chief risk officer talks to David Watkins about what led him into energy risk management
Conference calling
This year's Energy Risk USA conference broke the record attendance of last year with more than 330 delegates gathering in Houston to focus on the latest issues in energy risk management. The Energy Risk team brings you some highlights