Energy Markets

Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that Fjordkraft, a Norwegian retail distribution company, has implemented Brady's new Sales Manager solution to support Fjordkraft's operations for pricing and risk management of end-user contracts.

Adding to Group’s broad electronic trading of energy products 

GFI Group Inc. (NYSE: “GFIG”) announced today that it has successfully launched a number of Northeast Gas Basis products on EnergyMatch®, GFI’s leading electronic trading platform for energy and commodities in North America and executed a number of trades for clients on the system.

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached an open interest record for its power contracts.  At the close of trading Friday, open interest in CME Group power contracts reached 1,001,362,363 Megawatt hours (MWh), breaking the billion MWh threshold for the first time ever.  CME Group power contracts are listed with, and subject to, the rules of the New York Mercantile Exchange (NYMEX).

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 22 new cleared OTC contracts for global refined petroleum products, North American power and North American natural gas. ICE also announced the introduction on ICE Futures Europe of single-expiry coal options, as well as Dutch TTF Natural Gas options.

CME Group, the world's leading and most diverse derivatives marketplace, today announced it has appointed Gary Morsches as Managing Director of its energy business. Morsches will be based in New York and will be responsible for leading CME Group's global energy complex, which provides leading benchmark products across the entire energy spectrum. He will join CME Group on September 30, 2011, and will report to Kendal Vroman, managing director, Commodity Products, OTC Services and Information Products at CME Group.

AET, a European public electric utility company, has gone live with Aligne for energy trading and risk management (ETRM). Aligne helps streamline the trade lifecycle for AET’s power business, and provides centralized risk monitoring. 

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the successful launch of BRIX, a Brazilian marketplace for electric power.

BRIX offers a transparent, electronically traded marketplace for key Brazilian power contracts, including a range of risk management tools for eligible power market participants. Bids, offers and trades are shown in real time on the BRIX screen for all participants.

Energy and Environmental Broker Looks to Streamline Interaction with Traders, Prepare for Dodd-Frank Implementation 

Pivot Inc., the leading provider of liquidity management and collaboration software to financial market participants, today announced that energy and environmental markets broker Evolution Markets Inc. will roll out its Pivot 360 product to the firm’s entire US broker team. 

IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced a partnership to launch BRIX, a Brazilian marketplace for electric power. BRIX is operationally ready, and anticipates launching in June 2011.

GFI to provide OTC energy data via GlobalView’s MarketView solutions. 

GFI Market Data, a division of GFI Group Inc., and GlobalView Software Inc., a leading provider of energy data management solutions, announced today they have entered into a new strategic partnership. This new initiative will offer GFI’s energy data via the MarketView product suite.