Lessons learnt

This year has been a remarkable one for energy markets. The speed with which developments such as electronic trading and clearing were taken up surprised most people and brought the energy complex a step closer to becoming a mature financial market. Overall the events of 2006 signal some exciting opportunities for 2007, as well as offering some warnings.

At the heart of developments in 2006 has been the spread of both electronic trading and clearing. These developments have enabled new financial

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