Foreign exchange
First cleared iron ore swap on Singapore Exchange
Singapore Exchange (SGX) will launch the world's first cleared iron ore OTC swap contract on April 27 th .
New York may up RGGI allowances
New York State may decide to allocate more allowances under the Regional Greenhouse Gas Initiative to ease the cost burden on compliance buyers, finds Pauline McCallion
Phoenix rises into green markets
Interdealer broker expands in to renewables and emissions markets to harness sector growth, and plans to act as a counterparty for RECs
Russian revolution?
The news that TNK-BP will sell oil products on the St. Petersburg International Mercantile Exchange could signal a shift by Russia towards market mechanisms, Roderick Bruce reports
Rosneft and TNK-BP trade on Saint Petersburg exchange
Russian oil companies Rosneft and TNK-BP have confirmed details of their trading activities on St. Petersburg International Mercantile Exchange (Spimex).
Phoenix launches platform for renewable credits
Interdealer broker Phoenix Partners has launched an electronic OTC trading platform for renewable energy credits (REC.)
Top executives leave RBS Sempra
RBS Sempra Commodities has confirmed that president Frank Gallipoli and CEO David Messer have left the company.
Shanghai steel futures begin trading
The Shanghai Futures Exchange launched trading in steel futures on March 26 to modest success, with a wide range of trading houses supporting the new contracts, traders and analysts said.
Vattenfall enters UK power market
Vattenfall Trading Services has started trading over-the-counter and exchange wholesale power in the UK from its Hamburg office.
Suncor bids for Petro-Canada
Suncor has announced plans to boost its oil sands portfolio through a merger with Petro-Canada that will see the combined entity operate under the Suncor name.
LCH.Clearnet to launch OTC clearing service for spot emissions
LCH.Clearnet has announced intentions to launch a clearing service for UK participants in the spot market for carbon credits.
Deutsche Bank takes stake in iron ore brokerage
Deutsche Bank has taken an equity stake of undisclosed size in newly-established London Dry Bulk (LDB), a specialist physical and financial iron ore brokerage division of London Commodity Brokers.
CME launches OTC grain swaps through ClearPort
The Commodity Futures Trading Commission (CFTC) has given regulatory approval for the CME to clear corn basis swaps and calendar swaps for corn, wheat and soybeans.
Spectron brokers first California carbon option
Spectron Environmental, the environmental products division of commodities brokerage Spectron, has brokered the first cleared Californian carbon option.
FCStone disposes of loss-making energy account
FCStone Group, an integrated commodity risk management firm, expects losses of $110m from an unnamed customer's energy trading account, which it disposed of this week.
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Constellation refocuses
Loss-making firm Constellation Energy looks to restructure and focus on power generation after rejecting a merger deal with MidAmerican
EDF slammed by Tartam tariff pricing
The French government's implementation of regulated energy prices has hammered its state-owned champion's 2008 results and undermined market liberalisation. Roderick Bruce reports
Is it all over for over-the-counter?
Bills proposed in the US Congress to limit the influence of speculators and boost transparency could significantly alter the OTC commodity trading landscape. Roderick Bruce reports
DB and Stemcor forge steel trading alliance
Deutsche Bank has formed a strategic alliance with the world's largest independent steel trader Stemcor to offer steel derivatives products.
Agora-X launches OTC platform for energy and metals
Agora-X, an electronic trading platform, has launched a new platform for the negotiation, execution and clearing of over-the-counter (OTC) trades in energy and metal contracts.
Brokerage launches environmental arm
Phoenix Partners Group, an interdealer credit and equity derivatives broker, has launched an environmental brokerage service for the worldwide renewable energy and emissions markets.