Market risk
BNP Paribas enters agreement with Trading Technologies
Trading software developer Trading Technologies (TT) and BNP Paribas Commodity Futures have entered into a global software licensing and distribution agreement.
LME to launch steel futures in 2008, DGCX steel launch delayed
The London Metal Exchange (LME) will commence futures trading in steel billet in April 2008. There will be two separate regional contracts, defined by the LME as for the Near East and Far East respectively
CME sweetens Cbot offer
The Chicago Mercantile Exchange (CME) has bolstered its offer for the Chicago Board of Trade (Cbot).
Macquarie and Nomura form commodity alliance
Macquarie Bank and Nomura Securities, a Japanese securities and investment banking company, have agreed to establish a business alliance in commodity derivatives, which will provide commodity derivative and commodity-based investor products to customers…
JPMorgan to expand commodity trading presence
JPMorgan plans to increase its global commodity trading staff by more than 30% within 12 months.
FSA grants CME right to provide clearing in UK
The UK’s Financial Services Authority (FSA) has granted the Chicago Mercantile Exchange (CME) the status of a recognised overseas clearing house (ROCH), enabling the exchange to provide global clearing services to market participants in the UK.
DME reveals initial volumes
The Dubai Mercantile Exchange (DME) has revealed volumes from its first two trading days.
World Energy acquires EnergyGateway
World Energy Solutions, an operator of online exchanges for energy and energy related products, has completed the acquisition of EnergyGateway, a leading online broker of natural gas and electricity for commercial and industrial consumers in the United…
ETG Capital opens energy hedge fund
Houston-based hedge fund firm ETG Capital Management has launched an energy fund.
EDF Trading builds its natural gas business in Spain
EDF Trading, the subsidiary of French utility EDF, responsible for wholesale energy market activity, has been granted a licence to trade physical natural gas in Spain and plans to start delivery of physical gas to market counterparties later this year.
ICE acquires ChemConnect's commodity business
IntercontinentalExchange (ICE) has agreed to acquire ChemConnect’s commodity trading business. ChemConnect is an electronic marketplace for the $150billion US natural gas liquids (NGLs) and chemicals markets.
Trading begins at the DME
After months of setbacks, the Dubai Mercantile Exchange (DME), the Middle East’s first international energy futures and commodities exchange, opened for business today.
A cracked barrel?
Debate over the suitability of West Texas Intermediate as a benchmark crude resurfaces regularly, but recent price activity in the US oil contract – which influences the entire energy complex – is causing consternation. David Watkins reports
John Wengler
Entergy’s fun-loving chief risk officer talks to David Watkins about what led him into energy risk management