Market risk
The fight is on for LCH
US clearing giant The Depository Trust & Clearing Corporation (DTCC) has insisted that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
DGCX plastics contracts launch postponed
The launch of two new plastics futures contracts at the Dubai Gold & Commodities Exchange (DGCX) has been delayed.
Macquarie buys Constellation’s downstream gas business
Macquarie Group has announced that it is buying Constellation Energy's Houston-based downstream natural gas trading operations for an undisclosed fee.
RWE Supply & Trading opens Dubai office
RWE Supply & Trading opened an office in Dubai this month to cover activities in the natural gas and LNG markets.
CME and JSE to cooperate on corn futures contract
The Johannesburg Stock Exchange (JSE) is to license CME Group's benchmark corn futures settlement prices to create a new JSE cash-settled corn futures contract.
Ofgem closes competition case against Scottish Power and SSE
UK energy regulator Ofgem has closed a Competition Act case investigating the behaviour of Scottish Power and Scottish and Southern Energy in the wholesale electricity market.
Constellation sells commodities business to Goldman Sachs
Constellation Energy is to sell the majority of its London-based international commodities business, including its coal and freight operations and European energy trading units, to Goldman Sachs.
UBS buys AIG commodity indexing business
UBS has announced that it will acquire the commodity index business of AIG Financial Products Group. The deal includes the rights to the Dow Jones-AIG Commodity Index, an industry benchmark launched a decade ago.
UBS sells base metals and energy business to Barcap
UBS today announced that it will sell its positions in base metals, oil and US power & gas to Barclays Capital.
New Chicago petroleum contracts to be listed on ClearPort
CME Group has launched four Chicago petroleum contracts on its ClearPort trading platform.
FCStone buys Australian risk management firm
US commodity risk management firm FCStone Group has bought the risk management arm of Australian rural services provider Elders for an undisclosed sum.
Oil price slump hits Canadian oil sands production
The precipitous drop in oil prices has had a significant impact on projected oil sands production, finds Pauline McCallion
Italian power market hit by crisis decree
A proposed policy package from the Italian government in response to the financial crisis could cause further turmoil in the domestic power market, finds Rachel Morison
European energy outlook
2008 was a rollercoaster year for Europe's energy markets. Roderick Bruce interviews trading CEOs and other senior executives to see how they envisage Europe's gas & power markets developing in the year ahead
From Russia with hub
Ambitious plans to turn Baumgarten into Europe's most liquid gas hub face many challenges, but if successful could radically change the continent's gas trading landscape. Roderick Bruce reports
Ready for takeoff?
With aviation joining the EU Emissions Trading Scheme in 2012, Alex Meredith of Hunton & Williams asks whether the aviation sector is ready and looks at the potential impact on the carbon market
Oil change
George W. Bush ruled that the US Strategic Petroleum Reserve was to be released in significant amounts only in a national emergency. But incoming US president Barack Obama could change that, finds Susan Arterian
Ready for any weather
Roderick Bruce looks back at the highlights of the Weather Risk e-symposium, a live online conference hosted by Energy Risk in late November
Adapting to change
The buoyant commodity job market of the last four years is changing as the financial crisis pares down trading opportunities across all asset classes. This new employment landscape will require both commodity firms and traders to learn new strategies to…
The three flavours of VaR
Each of the three methods of calculating value-at-risk has its pros and cons. Brian Shydlo of Sirius Solutions examines them