Structured products
JP Morgan takes DME stake
JP Morgan has taken an undisclosed equity stake in the Dubai Mercantile Exchange (DME).
ETRM evolution
As energy trading and risk management systems become increasingly sophisticated, Rana Basu of TradeCapture looks at what users need to consider as they progress from implementing and using the most basic to the most complex systems
Funds warn against stifling trade
Recent moves to increase regulation in oil markets are stifling trade and won't bring down prices, warn fund managers
Safe to come out?
As energy traders take stock after the unprecedented market turmoil of September, the Energy Risk team asks a range of key players what effects they expect the investment banking crisis to have on commodities trading and risk management
Transparency act remains unclear
Proposed legistlation on US energy market regulation is causing concern amongst traders finds Pauline McCallion
Goldman and Morgan become bank holding companies
Goldman Sachs and Morgan Stanley have applied to the US Federal Reserve to become bank holding companies, in response to the crisis that has seen the bankruptcy of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America.
Enhanced trading platform launched in US
Elysian Systems has released a new version of its electronic trading platform, called Liquid 4, which can accommodate online trading in energy, commodities, fixed income and financial instruments.
Bank of America buys Merrill Lynch for $50 billion
Bank of America announced today it will acquire Merrill Lynch in a $50 billion all-stock deal, rounding off an explosive weekend on Wall Street.
CFTC report on swap dealer and index trader activity
Following an unprecedented survey of off-exchange swap dealers and commodity index funds carried out in June 2008, the Commodity Futures Trading Commission has made some recommendations on activities of swap dealers and commodity index traders.
Bank of America buys Merrill Lynch for $50 billion
Bank of America announced today it will acquire Merrill Lynch in a $50 billion all-stock deal, rounding off an explosive weekend on Wall Street.
Lehman Brothers files for bankruptcy protection
Lehman Brothers has filed for bankruptcy. In an announcement early this morning, the firm said it intended to file a petition under Chapter 11 with the Southern District Court of New York.
China displaces UK in top five countries for renewables
China has moved into the top five most attractive countries for renewables investment, knocking the UK to sixth place, according to an Ernst & Young survey. The Energy country attractiveness indices, published by E&Y every quarter, look at a country’s…
Tullett Prebon combines voice and screen trading for energy markets
Interdealer broker Tullett Prebon has introduced an internet trading platform for the Ontario power market and both the Western US and Canadian gas markets that combines voice and electronic brokering.
Constellation's ratings hit bodes ill for merchant energy players
Constellation Energy's excessive exposure to liquidity risk has contributed to a significant credit ratings downgrade for the firm, finds Jayne Jung
A path for renewables
Renewable energy needs to become a bigger part of the US energy mix, but there are still a number of hurdles to clear, explains Richard McMahon of the Edison Electric Institute
Romanian wind farm to be largest in Europe
European utility giant CEZ Group has bought two adjacent wind farms in Romania from Eastern European renewables developer Continental Wind Partners (CWP).
DME sells equity stake to trading firms
The Dubai Mercantile Exchange (DME) has concluded the sale of a 20% equity stake in the exchange to six global financial institutions and energy trading firms.
Limited oil and gas resources seen as biggest risk for NOCs
Limited oil and gas resources were identified as the highest risk issue for national oil companies (NOCs), according to a survey of NOCs by risk advisory firm Marsh.
Trading strategies - Walking a fine line
A worrying trend is emerging in the UK corporate world, with many companies adopting extremely risky strategies in a bid to reduce their exposure to energy price volatility, says Utilyx chief executive Chris Bowden
CBOE launches crude oil volatility index
Chicago Board Options Exchange (CBOE) has launched the CBOE Crude Oil Volatility Index (OVX).
T Boone launches wind power plan
Texas oilman T Boone Pickens has launched a plan to address the United States’ dependence on foreign oil by aiming to generate at least 20% of the nation’s energy supply through wind power.