Technology
Parity launches new platform
Parity Energy, a New York-based brokerage, has launched the latest version of its online trading platform, Parity Energy Platform 3.0 (PEP 3.0).
Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
Nymex agrees “definitive” $9.4 billion merger with CME
CME Group, the parent company of the Chicago Mercantile Exchange (CME), is to acquire the New York Mercantile Exchange (Nymex) on terms that remain unchanged from CME’s original offer first put forward in January.
Sky Road Power Platform Launched
Software solutions provider Sky Road has launched the Sky Road Power Platform, providing access to all pricing points in the PJM Interconnection, New England, New York, and Midwest Independent System Operator (ISO) /Regional Transmission Organization …
Linked global carbon market could be worth €800 billion
A linked global carbon market between six major regions could be worth €600–800 billion, European Energy Exchange (EEX) chief operating officer Maik Neubauer said today at a press conference
Concerns abound over EC energy package
The EC's third energy package, which recommends that generators and suppliers sell off their transmission assets, has met with resistance from incumbent utilities and raised questions among traders. Oliver Holtaway reports
EC energy package meets mixed response
The EC’s third package of EU energy market liberalisation measures has stopped short of insisting on full ownership unbundling of transmission infrastructure from generation and supply assets, and of creating a fully-fledged European energy regulator.
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
ETG Capital opens energy hedge fund
Houston-based hedge fund firm ETG Capital Management has launched an energy fund.
Nuon goes live with Xenon platform
Dutch utility Nuon has rationalised all its trading and risk management on single platform by adopting Sakonnet’s Xenon software.
Climate change: FSA warns of risk, predicts opportunities
The Financial Services Authority (FSA) has stated in its Financial Risk Outlook 2007 report that climate change poses “considerable risks and challenges to the financial sector”.
Compliance solutions
Compliance with regulations such as Sarbanes-Oxley and Mifid is putting an increasing burden on energy-trading firms. Roderick Bruce looks at ways of overcoming the latest regulatory hurdles