JP Morgan Chase plans electricity trading foray

Oil

news2-gif
JP Morgan Chase is setting up a New York-based electricity trading desk, joininga growing number of banks that have entered the sector in the past year. TheUS bank’s head of foreign exchange and commodity derivatives, David Puth,says it is too early to comment on development of the power desk, adding: “Weare still very much in the planning phase.”

The development follows a decision by the US Federal Energy Regulatory Commission(Ferc) to effectively overturn rules that make power trading a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: