Energy traders are operating in a changed environment under difficult circumstances and must adapt quickly if they want to survive, declared David Port, Düsseldorf-based chief risk officer of E.on Global Commodities, the trading unit of German utility E.on.
Speaking during a keynote address to Energy Risk Summit Europe in London on October 1, Port noted that the energy trading landscape has shifted dramatically in the past few years, with lower liquidity, lower volatility and additional costs
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines