Fallout for energy markets

Since Enron’s bankruptcy filing on December 2, the markets in which it was the single largest trader – natural gas and electricity – have experienced spikes in volatility. But market participants say the continuing liquidity of contracts in the listed energy markets, and the eagerness of trading platforms such as the Intercontinental Exchange and interdealer brokers such as Icap and GFI to pick up the slack in the over-the-counter energy markets, suggests the markets should quickly return to