Market risk
Using options theory for commodity spreads
Market risk for a real option asset can be effectively managed using a spread option model. Raymond Cheng and Walt Tyrrell demonstrate the enhanced risk-adjusted performance of optional refinery capacity with a historical back test
Risk management for LDCs
US Gas Distribution Companies, long experienced in managing volumetric risk, now face market risk, high commodity prices and credit risk. Matthew Frye looks at strategies to model these risks in aggregate
Hedge fund technologies
Energy markets continue to attract hedge funds - but, as recent high profile losses have shown, operating in them is challenging. Having the right trading and risk management IT is essential. Stewart Eisenhart reports
Accurate options pricing for all
SuperDerivatives has entered the energy world with big aims - to bring transparency and increased liquidity to options markets. Oliver Holtaway looks at the company model, and asks how big a splash it's likely to make
First physical and futures freight fund launched
Dry bulk shipping fund advisor M2M Management today launches Global Maritime Investments, the first physical and futures maritime freight fund.
Nord Pool Spot opens Elbas for cross-border trading
Nord Pool Spot, which runs Elbas, the first intra-day trading system in Europe, is to extend it to cover the German bidding area “Kontek” on September 25.
SGX AsiaClear to offer clearing on partials
The Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of OTC balance-of-month fuel oil 180cst and 380cst swaps from September 4.
ETF Securities launches 29 new exchange-traded commodity securities
ETF Securities, a leading player in exchange-traded commodities (ETCs), will simultaneously launch 29 separate ETCs in the UK within the next few weeks, comprising 19 individual securities and 10 index securities.
EECM and Coastal Partners launch offshore energy fund
New York-based Energy & Environment Capital Management (EECM) and Coastal Partners of the Bahamas will together launch an offshore version of the Energy & Environment Fund.
DME partners with Emirates National Oil Co. to develop jet fuel futures
The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (Enoc) subsidiary Enoc Supply & Trading LLC today announced the signing of a Memorandum of Understanding (MoU) to explore the development of the first exchange-traded jet fuel futures…
Energy hedge fund bulls still running despite MotherRock collapse
The sudden collapse of energy hedge fund MotherRock last month surprised the market. But market participants say that despite this blip, the commodities story is still proving attractive to hedge fund investors
Interview - Czech power
The best performing European utility stock, with growth of 260% in the last 24 months, Czech Republic power company CEZ aims to be market leader in the power markets of central and south-eastern Europe. Alan Svoboda, executive director for sales and…
Bright forecast for weather derivatives
To attract more corporate end-users, purveyors of weather derivatives are creating new products in search of the perfect hedge, as Catherine Lacoursiere finds
Making green with ethanol
Financial investors and commodity traders are paying closer attention to the US corn crop, due to the potential impacts it may have on the growing ethanol market. Daven Voorhies explains
Kick-start for coal futures
Ice Futures and the European Energy Exchange have gone head-to-head in the latest attempt to kick-start coal derivatives trading. Oliver Holtaway investigates
Amine Bel Hadj Soulami
Amine Bel Hadj Soulami talks to Stella Farrington about his rise to global head of commodity derivatives at BNP Paribas
Case study - A newcomer's view
Already present in the power markets of Slovakia, Bulgaria and Romania, Italian power utility Enel sees eastern Europe as ripe for physical acquisition and market participation. Enel's Fabio Mezzetti and Tatiana Glouchtchenko talk about the risks and…