Operational risk
Energy Risk Asia Precious Metals House of the Year: ANZ
ANZ is using its geographical reach and structuring ability to bring together precious metals market participants across Asia
Energy Risk Asia Data Provider of the Year: Thomson Reuters
Thomson Reuters is responding to the specific needs of Asian energy traders, as demonstrated by the development of two oil modules for its Eikon trading software
Energy Risk Asia Energy Finance House of the Year: SG CIB
Societe Generale Corporate and Investment Banking is using its technical skills to win innovative and complex energy finance deals across Asia
Energy Risk Asia CCP of the Year: Singapore Exchange
Singapore Exchange is trying to ease the regulatory burden on both Asian and non-Asian traders by ensuring they can continue to transact where and how they want
Energy Risk Asia Derivatives House of the Year: Citi
With other banks pulling back, Citi’s commitment to physical trading – as well as its comfort taking exotic and illiquid risk – is highly prized by Asian clients
Energy Risk Asia Oil & Products House of the Year: JP Morgan
Despite the sale of its physical commodities business, JP Morgan continues to offer liquidity in a broad range of crudes and refined products in Asia
Energy Risk Asia Exchange of the Year: CME Group
CME Group is seeing growing volumes thanks to a concerted effort to market its international energy products to Asian trading firms
Energy Risk Asia Structured Products House of the Year: Deutsche Bank
Deutsche Bank has been coming up with fresh structured product ideas to suit the tastes of Asian investors and corporate hedgers, despite range-bound markets
Energy Risk Asia Awards 2014
The Energy Risk Asia Awards celebrate excellence across the Asian commodity and energy markets. We present the winners
Trafigura hires ex-JP Morgan Asia commodities head
Danske Commodities downsizes; Citi hires ags sales head; new energy heads at Marex Spectron; Evolution adds Texas power desk; high-level exits at BNP Paribas
Devil in the detail for Mexico power sector reform
The deregulation of Mexico’s state-dominated electricity sector is sparking enthusiasm among international energy firms eager for investment opportunities. But many challenges remain as regulators create the country’s new wholesale gas and power markets,…
Market manipulation won’t be stopped by Socrates or Spinoza
Despite all the headlines about market manipulation, business school ethics classes are not the answer, writes Vincent Kaminski. Instead, it must be emphasised that graduates have much to lose and little to gain from engaging in market abuse
Looking back: Neta set to change UK power market
The UK power market currently faces severe criticism, but when the present market structure was launched in March 2001, it was heralded as ‘ground-breaking’ by industry observers
Mexico to rein in CFE and Pemex market power
Regulators will not allow state-owned electricity and oil and gas companies to abuse their dominance and stifle private competition, says CRE commissioner
US energy firms cheer regulators’ shift on margin rule
In an about-face, the Fed and other bank regulators exempt non-financial end-users from requirement to post margin on non-centrally cleared swaps
Marex Spectron global head of energy departs
Marex Spectron picks Jeremy Elliott and Hunter Baldwin to replace Gordon Bennett, its global head of energy, who has left the broker after 12 years
Energy firms face Emir confirmation challenge
A looming deadline for confirming OTC derivatives is expected to cause problems for smaller energy firms, which may find themselves blocked from trading with bigger counterparties
Technology special report
Derivatives trade reporting, CpML, and the increasing use of governance, risk and compliance software by utilities all feature in this exclusive special report by Energy Risk
CpML to foster standardisation among energy traders
First developed by Efet, CpML is a standardised language for the storage and exchange of commodity data, which could help reduce the industry’s high levels of operational risk. As a new standalone entity takes over the running of CpML, Filip Sleeuwagen,…
Energy Risk 20-year rankings
Since 1994, Energy Risk has ranked the top dealers and brokers in commodity markets in conjunction with sister publication Risk. Here, we present the industry’s top-ranked firms for the past 20 years
Cutting edge: Incorporating forex volatility into commodity spread option pricing
In this article, Joseph Yechong Chen extends Kirk’s formula to spread option pricing when forex is a stochastic factor and is multiplied to one leg in the payoff formula. The article illustrates the importance of forex risk factors and the need to…
Energy firms eye opportunities in Mexican power
International energy companies hope to prosper from Mexico's programme of energy reforms, which includes the creation of a wholesale spot market in electricity
CFTC and Ferc see a changing of the guard
GDF Suez hires SG energy derivatives head; Citi appoints in commodity sales; BNP Paribas recruits investor sales head; Marex Spectron adds meteorologist; Freepoint gains oil trader
GRC software makes inroads in US utility sector
A growing number of US utilities and power companies are acquiring governance, risk and compliance software to help them cope with the mounting burden of regulation, including stricter standards on grid reliability and cybersecurity. Alexander Osipovich…