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Holiday closing

Risk News will be closed from December 23 until the New Year. Happy holidays to all our readers.

Nymex to offer soft commodities

The New York Mercantile Exchange (Nymex) has entered the soft commodity space with the launch of six new futures contracts on its ClearPort clearing and trading platform.

Statoil buys Hydro’s oil and gas assets

Norwegian companies Hydro and Statoil have agreed a merger of Hydro’s oil and gas activities with Statoil, creating the world’s largest offshore operator in an estimated $28billion deal.

globalCOAL settles with GFI in dispute over physical coal contract

Electronic trading platform globalCOAL has fended off another attempt by a major inter-dealer broker to use its products on their own screens, after reaching an agreement with GFI to prevent any use of its Standard Coal Trading Agreement (SCoTA) on its…

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