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EEX launches daily CO 2 price index
The European Energy Exchange (EEX) will from today publish a reference price for the trade in CO 2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which will start…
Accounting standards: Causing waves
The scheduled adoption of IAS 39 may not be causing the same waves in Asia as it is in Europe, but corporate treasurers in Australia, Hong Kong and Singapore are eyeing the 1 January deadline with increasing nervousness.
Spectron and Braemar join forces for freight desk
Energy broker Spectron and ship broker Braemar Seascope have formed a partnership called Braemar Spectron, to broker forward freight agreements (FFAs) concentrating initially on dry freight in London.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
The Compliance Pain
Increasing regulatory oversight and static IT budgets create compliance headaches for the CIOs and CTOs of DrKW, Evergreen Investments, and JPMorgan Investor Services.
Nymex European launch imminent
Nymex aims to launch an open outcry exchange in Europe, most likely initially in Dublin using Nybot’s Finex facilities, according to president James Newsome.
Energising the US
Democratic presidential nominee John Kerry has plans to require the US to generate20% of its electricity from renewable sources. But just how different are Kerry’sand President Bush’s stances on energy policy? By Paul Lyon
Driving up the price
Nowhere has the spiralling cost of petroleum been more acutely felt than in the US, where the car is king. The rise is, of course, directly related to high crude oil prices, pushed ever higher by threats to production arising from worldwide political…
The windy city rules
The Chicago Climate Exchange is going from strength to strength if its new initiatives,new members and volumes are anything to go by. Here PaulLyon talks to CCX founderRichard Sandor about the exchange’s future
Avoiding the gas work
Ferc is exploring whether gas storage inventory details should be posted on adaily basis. How will this affect the development of the embryonic natural gasstorage swaps market? Paul Lyon reports
Found in translation
While risk managers have become focused on value-at-risk and similar risk metrics,these may not be the best way of communicating risk to stakeholders. BrettHumphreys discusses how to improve communications
A legal rollercoaster
US-based Polygon wants to see a better restructuring deal for British Energy’sshareholders. But the hedge fund faces a struggle to prevent the UK nuclear powergenerator from delisting. Joe Marsh reports
Nymex names head of new strategy department
John D’Agostino will head up a new department at the New York Mercantile Exchange, which will focus on strategic options for expansion and growth. The exchange has promoted D’Agostino to vice-president of strategy and business development from manager…
Learning from Esops' fables
France's SNCF is concentrating on the risks, particularly the operational ones, associated with its new employee savings programme. Duncan Wood reports on its progress, and throws light on the various other Esop-type products on the market.
The Road to Compliance
In the race to meet new regulatory compliance, CIOs have their hands full. How close are they to the finish line?
Remove barriers to group-wide Know Your Customer standards, urges Basel Committee
The Basel Committee on Banking Supervision has called on all national jurisdictions to remove legal restrictions that impede effective consolidated Know Your Customer (KYC) risk management processes, and facilitate the process by providing an appropriate…
Basel II is a bonus for economic stability, says Greenspan
Better management of banking risk and new rules on capital hold the promise of a stronger banking system that will contribute to economic growth, according to US Federal Reserve chairman Alan Greenspan.
Nymex ends open-outcry trading of PJM monthly power futures
The New York Mercantile Exchange (Nymex) will move daytime trading of the PJM monthly electricity futures contract to ClearPort, its internet-based system, from the open-outcry trading floor on November 1.
GFI hires five traders to offer dry freight trading
Inter-dealer broker GFI has hired five brokers to start offering dry freight derivatives. The service will complement the company’s commodities trading activities, particularly coal.
Evolution starts brokering US natural gas and power
US coal and emissions broker Evolution Markets has expanded its services to include over-the-counter (OTC) brokerage services for North American natural gas and power. Jeff Rosenzweig has joined as managing director of the new gas and power desk, and…
El Paso makes $198m from further asset sales
Houston-based energy company El Paso Corp has sold four more power plants to Northern Star Generation for $147 million, continuing its mass sell-off of assets. El Paso’s merchant energy subsidiary has also received a final instalment of $51 million on…
Champagne performance at Charlemagne
London emerging markets managers Charlemagne Capital have seen steady returns from the OCCO Asia hedge fund, while adding other emerging market products to its suite.
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