The new markets covered in this book go beyond traditional energy trading and include telecommunications bandwidth trading, environmental emissions trading,weather derivatives, electronic energy trading, and coal trading.
Driven by the market drivers of energy deregulation and competition, energy markets are now rife with more risk, and need the application of risk management techniques in these new markets. In effect, the new markets are becoming commoditized adn altering the landscape of financial engineering.
Energy Derivatives: Trading Emerging Markets focuses on the globalization of energy risk management in these new commodity and financial markets. It identifies the market opportunities and points the way to the next wave of where energy trading is heading.
It is written for the layman who needs to understand these new market dynamics in easy to understand English not jargon. The book simplifies complexity. In the wake of the Enron financial debacle, the need to know about energy trading is now greater than ever.