Feature
"And now, the news..." - pity you missed the profit
algorithms and news
Taking the inside track
research
Preparing for impact: Reg NMS and MiFID
liquidity
Much ado about little
Nordic risk - Pensions
Of spikes and sell-offs
Equity derivatives - Volatility
Introduction
Equity derivatives
Employing innovation
Corporate Risk - Stock options
A turning point
Nordic Risk - Profile
Nowhere to run
Equity derivatives - Non-recourse financing
Corporate consolidation
Corporate risk
Power struggle
After years of negotiations, market players believe that a tipping point in the liberalisation of European power markets could be near. But who will be in the driving seat, asks Oliver Holtaway
The missing link
With several countries now developing emissions trading schemes, UN-supervised project-based emissions credits could become the linking instrument that creates a global price signal for greenhouse gas abatement. But greater standardisation in the market…
The hidden costs of climate change
The business risks posed to energy companies by climate change go well beyond compliance with emissions reduction schemes. Most companies that have taken climate risks into account have only considered half the picture, says John Firth
Charging at commodities
Canada may rank as the world's third largest hydrocarbon producer, yet its energy derivatives market has been, up to now, somewhat constrained. David Watkins reports
Troubled waters
Nord Stream, the planned gas pipeline that will link the super giant Russian gas fields of Siberia directly with Europe, looks set to offer an important solution to the EU's energy security concerns. But even before under-sea construction has begun, the…
Finding the way forward
US wholesale power markets are currently the subject of much concern. As Ferc begins a review to improve competition, Edison Electric Institute's Richard McMahon suggests some key ways to move forward
Has mean reversion had its day?
Some experts are questioning whether mean-reversion models – once the standard way of explaining energy price movements after simple one-factor Brownian motion modelling fell from favour – are still suited to the petroleum and gas markets. Dario Ghazi…
Engineering change
A new risk management culture is evolving in the Asian clean development mechanism market, which should lower CDM project risk while expanding financing options, finds Catherine Lacoursière
Navigating risk
The growth of the LNG spot market means more voyages, but with this comes a likely increase in the number of problems and delays to voyages. Clare Calnan, partner at shipping law firm Curtis Davis Garrard, discusses the extent to which shipowners may be…
Changing the game
Steven Wardlaw and Byron Romain of Baker Botts discuss the new role for foreign investment in the Russian Federation's hydrocarbon industry
Better prospects
Russia offers better prospects for industry to develop and far more investment opportunities than is widely recognised, writes Pavel Ulianov of Russian metal giant Rusal
Purchase timing risk management in electricity forward markets
Managing purchase timing risk is a constant issue for wholesale power buyers. Pavel Diko reviews products that reduce this risk, proposes a lookback option that can eliminate it completely and outlines a hedging strategy for the option writer
Has Asia got the appetite for local currency CDS?
The development of a robust local currency credit default swap market in Asia has come a step closer following the first public won-denominated CDS trade in Korea late last year. Alice Hales looks at whether the ingredients are there for such a market to…