Market risk
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.
Dry freight forward volumes rise sharply
The latest figures issued by the Forward Freight Agreement Brokers Association (FFABA), compiled by the maritime information provider Baltic Exchange, show a 32% jump in dry FFA volumes from the first to second quarter of 2007.
Sempra Energy to partner with Royal Bank of Scotland
Sempra Energy today announced that it will form a joint venture with the Royal Bank of Scotland (RBS) to significantly expand Sempra Energy’s commodity-marketing business.
CME makes “final” offer for Cbot
The Chicago Mercantile Exchange has boosted its offer for the Chicago Board of Trade for a third time, wooing its biggest shareholder in the process.
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.
Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
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
Full steam ahead for FFAs
The freight derivatives market has attracted an influx of new players recently thanks to the spread of clearing. With more banks and hedge funds poised to enter, Roderick Bruce looks at what opportunities the market offers and how it needs to develop next
Up in the air
Rising wind power prices are encouraging US producers to turn to the short-term and spot electricity markets. Increasingly sophisticated risk management techniques may follow. David Watkins reports
Cross purposes
Cross-commodity trading, once the preserve of the large banks, isbecoming a more widespread practice throughout the energy tradingspace. Nathan Amery explores the phenomenon
Profit and loss explained
Profit and loss explained analysis and reporting has become arequired tool for the middle and front office. Brian Shydlo investigates
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
Steve McMillan
Steve McMillan, a pioneer and veteran of the derivatives business and the new chief executive of Imex, tells Roderick Bruce about the personal and career challenges presented by his new role