News/Risk management/Exchanges
Eurex plans incentive scheme to win over banks
The exchange is planning to lure market-makers into supporting its poorly traded credit derivatives contract by offering unspecified incentives to banks
Trading begins on Prague Energy Exchange
The Prague Energy Exchange (PXE), a platform for trading electricity in the Czech Republic, launched successfully at 9am CET this morning, with ten participants trading physically delivered futures contracts dated monthly for the remainder of 2007.
OTC energy derivatives regulations to tighten
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
Nymex calls for full ICE regulation
The New York Mercantile Exchange (Nymex) has called for full regulation of its Atlanta-based rival IntercontinentalExchange (ICE) following a federal report which said that the current jurisdiction of federal regulators is not wide-ranging enough.
Batting for British banks
PROFILE: ANGELA KNIGHT
Amaranth report to ring changes
Release of report into collapse of energy hedge fund Amaranth Advisors looks set to change the way OTC markets operate in the US
LSE steps up Mifid offensive
Daily news headlines
FOA launches UK power market initiative
The Futures and Options Association (FOA) has launched an initiative that aims to introduce a new design for wholesale UK power markets.
Amaranth trades “altered natural gas prices.”
Energy hedge fund Amaranth Advisors exploited legal loopholes and altered natural gas prices through “excessive speculation” before its 2006 implosion, a US senate investigation has found.
Equiduct releases Market Model document
Daily news headlines
LSE launches revamped trading system
Daily news headlines
Johannesburg launches currency futures
The Johannesburg Stock Exchange (JSE) has launched the first in a series of currency futures contracts. The rand/US dollar futures started trading yesterday on Yield-X, JSE's interest rate exchange.
More banks sign up to Project Boat
Daily news headlines
FSA chooses SAS and Detica to combat market abuse
Daily news headlines
ECX and ICE launch CER futures contract
The European Climate Exchange (ECX) and ICE Futures today announced the launch of CER (certified emissions reduction) futures and options contracts, subject to regulatory approval.