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26Feb
The Texas Cold Snap — Where Do We Go from Here?
Texas’ energy infrastructure, despite being warned after the 2011 freeze about the critical vulnerability of our fuel supplies and power supply system, found itself frozen from a cold weather event that no one thought likely … or even possible. Our…
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26Feb
Winners and losers in energy sector from Texas cold snap
(Reuters) – A winter storm that hit parts of the southern United States over the past week led several energy companies to report stronger-than-expected results after they were called on to provide more power at higher prices, while others faced…
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26Feb
The Texas power melt down…there is a story for every agenda.
The events of the last week in the Texas ERCOT market area have become fodder for every conceivable agenda, viewpoint, and argument, including political, environmental, and even cultural debates. Unfortunately, few of these arguments have been supported by facts –…
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26Feb
Industry urges CFTC to take lead on CCP margin models
Advisory committee unable to agree steps on margin period of risk, model transparency Source: Risk feed
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26Feb
FIS Unity Wealth Management Platform Named Best Technology Platform for Family Offices at Private Asset Management Awards
Key facts: FIS Unity was named Best Technology Platform for Family Offices at the 2021 Private Asset Management (PAM) Awards. FIS was also recognized as Best Family Office Service Provider – New Innovations for its wealth management solutions. JACKSONVILLE, Fla….
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26Feb
Cold weather results in near-record withdrawals from underground natural gas storage
Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). Weekly stocks fell by…
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26Feb
Callable repack frenzy opens up new options market in Europe
Demand driven mainly by French life insurers looking for alternatives to low-yielding sovereign bonds Source: Risk feed
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25Feb
Winner of Best Cloud-Based Trading Environment | TradingTech Insight Awards Europe 2021
We are delighted to announce that Adaptive Financial Consulting (“Adaptive”) won the Best Cloud-Based Trading Environment at the TradingTech Insight Awards Europe 2021. We worked with BrokerTec to design and build a bespoke electronic trading solution for capital markets firms…
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25Feb
Ignitis Polska go live with Igloo Cloud ETRM for European power and gas trading
London – UK, 25 Feb 2021 Igloo Trading Solutions a leading provider of smarter ETRM solutions for the European energy market announced today that Ignitis Polska have gone live with its cloud ETRM platform, for European power and gas trading….
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25Feb
Anti abuse news – Investigations, spikes and fines
The past weeks have seen a great deal of news around possible market manipulations, price spikes and other potentially abusive activity. Here we summarise a few of interest: The recent cold weather in Texas has led to power outages as…
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25Feb
Compass Plus first to test new Oracle Cloud Infrastructure in Russia
Compass Plus has become the first company in Russia to test Oracle’s newest cloud infrastructure update – successfully completing the stress testing of its cloud-native open development payments platform, TranzAxis, using the new Oracle Exadata Cloud Service X8M. As part…
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25Feb
GTR News Brief: Episode 27
In the latest episode of the GTR News Brief, host Felix Thompson gives a breakdown of recent major stories in trade and trade finance news as covered by GTR. Scandal-hit oil trader GP Global is seeking court intervention to stop creditors in Singapore…
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25Feb
Buy-side physical FX clearing at LCH faces scepticism
Lack of clearing mandate and settlement wrangles mean demand for putative service remains weak Source: Risk feed
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25Feb
Repo-linked renminbi floaters fail to excite investors
Muted demand dents China’s hope for repo fixing to become debt market’s benchmark of choice Source: Risk feed
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24Feb
Modifi acquires PrimaDollar export finance business
Digital trade finance provider Modifi has acquired PrimaDollar’s SME-focused export finance business, as PrimaDollar looks to focus more on larger customers of its supply chain trade finance product. In a joint announcement today, Berlin-headquartered Modifi says it has snapped up…
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24Feb
Metals Trading – Focusing on Assay Management
Assay management is a crucial and complex aspect of metals trading. Concentrates in particular depend heavily on properly managing assays, and in the commodity management/CTRM space, concentrates are recognised as one of the most challenging commodities for software to support….
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24Feb
Drop in goods trade less severe than predicted, WTO says
The decline in global goods trade volumes caused by the Covid-19 pandemic appears to have been less drastic than predicted by the World Trade Organization (WTO) in late 2020, with export growth in Asia during the second half of the…
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24Feb
Top takeaways from GTR Mena 2021
The annual GTR Mena event returned (virtually) on February 15-17, to reflect on an eventful year for global trade and developments in the Middle East and North Africa. The event saw players from across the trade ecosystem join to discuss a wide…
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24Feb
HSBC brings in PwC climate change head to lead on sustainability
HSBC has hired Celine Herweijer as group chief sustainability officer, reporting directly to Noel Quinn, HSBC’s group CEO. She joins from PwC, where she most recently served as global innovation and sustainability leader, driving the consulting firm’s strategy and partnerships…
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24Feb
Calls to shift Xinjiang supply chains met with warnings of forced labour risks across Asia
Pressure is growing for UK and US companies to move supply chains out of Xinjiang following recent measures by both governments to crack down on imports of goods linked to the Chinese region. However, analysts suggest that switching to new…
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