Ned Molloy
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SMX chief resigns, will stay on advisory board
Thomas McMahon, chief executive of the Singapore Mercantile Exchange (SMX) resigned over the weekend
CME Group's Raia joins Goldman Sachs
Joseph Raia today started working at Goldman Sachs, after announcing his resignation as CME Group's managing director for energy and metals marketing at the beginning of the month
UK-Netherlands electricity cable starts commercial operations
BritNed is the first electricity interconnector between the two countries and has a capacity of 1000MW which can flow in either direction depending on relative supply and demand.
MEFF launches central clearing for electricity derivatives
Increased liquidity in the Spanish market necessitates netting and reduction of counterparty risk, says managing director
HSBC looking to expand into gas and coal
The bank has already added oil products to its offering through a partnership with Totsa, but is looking at other areas in energy and commodities markets
Oil options “frenzy” as corporates shift hedges in response to Mideast crisis
Mideast and Libya crisis fuels oil options “frenzy”
Bank of America Merrill Lynch and Eggborough Power
Bank of America Merrill Lynch and Eggborough Power
Volatility spike boosts oil options trading volume to all-time high
The sharp increase in oil price volatility resulting from political upheaval in Libya and across the Middle East has helped push the volume of oil options traded to a new all-time high
Algorithmic trading will come to coal and natural gas, says exchange president
When coal and gas futures reach the liquidity levels of oil, algorithmic traders will enter the marketplace
Middle East protests spread to major oil-producing countries
Brent crude reaches its highest price since September 2008
Netherlands–Belgium cross-border intra-day electricity trading begins
Move will lead to alignment of intra-day fees in March
Oil markets over-reacting to Egypt protests, say analysts
Declining global spare capacity is magnifiying the "fear premium" on oil, as a result of events in North Africa
Greek CDSs plummet on loan extension rumours
Meanwhile Egypt’s credit rating downgraded by Moody’s to Ba2.
Tim Johnson new chair of Senate Banking Committee
South Dakota senator Tim Johnson appointed head of key Senate committee tasked with overseeing the implementation of the Dodd-Frank Act.
Eurozone CDSs widen, but no loss of market confidence, says Fitch
Report says EMU credit default swap volatility due to lack of certainty over future debt market conditions
CDS market reacts badly to Spanish bank plan
Credit default swaps (CDS) on Spain widened today, after yesterday's announcement of plans to bolster the country's banking system.
Eurozone peripheral CDSs keep tightening
CDS spreads on eurozone peripheral sovereigns continued their downward trend today
CDS spreads continue to fall across eurozone periphery
The cost of swaps protecting against a state default of eurozone peripheral states continued to decline today.
Risk perceptions of Allied Irish Bank rise over weekend
Credit default swaps on the troubled Irish bank widen by four percentage points