Energy Trading, Pricing and Regulation

Course title: Energy Trading, Pricing and Regulation
Course Code: ETPR
Course summary: The 2-day course Energy Trading, Pricing and Regulation explores how recent regulations relating to the trading and pricing of energy commodities including oil and gas affect companies engaged in energy commerce. New regulations have been put in place in the US and Europe covering the trading of physical commodities and derivatives, making companies and their staff liable in the event of market manipulation and uncompetitive behaviour. Following the LIBOR scandal, governments around the world are tightening the noose on commercial activities that have been accepted and even condoned in the past. Signalling of price action between competitors, the use of leverage in trading, and the potential for collusion are all minefields for companies, and the fact that legislation is often recent and untested makes companies vulnerable.
This course provides details of recent European legislation including EMIR, MIFID, and the EU benchmarks proposal, as well as the wide ranging Sarbanes-Oxley and subsequent regulations governing derivatives, and looks at how the landscape is likely to change in the future.

Course details
The 2-day course Energy Trading, Pricing and Regulation explores how recent regulations relating to the trading and pricing of energy commodities including oil and gas affect companies engaged in energy commerce. New regulations have been put in place in the US and Europe covering the trading of physical commodities and derivatives, making companies and their staff liable in the event of market manipulation and uncompetitive behaviour. Following the LIBOR scandal, governments around the world are tightening the noose on commercial activities that have been accepted and even condoned in the past. Signalling of price action between competitors, the use of leverage in trading, and the potential for collusion are all minefields for companies, and the fact that legislation is often recent and untested makes companies vulnerable. This course provides details of recent European legislation including EMIR, MIFID, and the EU benchmarks proposal, as well as the wide ranging Sarbanes-Oxley and subsequent regulations governing derivatives, and looks at how the landscape is likely to change in the future.
Who should attend? This course is geared towards traders at energy commodities , including traders of both physical commodities and related derivatives such as futures, options and swaps. It will also appeal to compliance officers of trading or trading-oriented companies, as well as mid- and back-
office staff at such firms. It has particular relevance for energy market regulators. The course has relevance to oil, gas, coal, power and industrial concerns involved in trading, as well as investment banks and other active dealers. Lawyers and accountants with an interest in trading arbitration will also find the course of relevance.
Key objectives: The Energy Trading, Pricing crude and Regulation course is designed not only to provide attendees with an understanding of how the rules governing the trading and pricing of commodities are changing, but also to make attendees aware of potential vulnerabilities in their activity. A number of case studies will open for discussion what aspects of trading behaviour are acceptable and which may entail liabilities.
Advanced techniques and building on Peter’s insights.
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