Isda AGM: UBS Warburg Energy to expand online product offering

UBS Warburg Energy may add interest rate swaps along with metals and currency derivatives to the online energy-trading platform it bought from bankrupt energy trader Enron in January this year.

Mark Haedicke, UBS Warburg Energy’s Houston-based general counsel, said the firm also aims to update some of its trading technology. Speaking at a panel debate on derivatives e-trading systems at Isda’s annual general meeting today, Haedicke declined to comment on UBS energy trading activity. “We’ve only been operational for 10 weeks so it’s too early to call. We should have a better idea of how successful the platform is within six months to a year,” Haedicke said.

Following Enron’s bankruptcy

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