Energy Co. Sets Up Weather Desk

  • 22 Oct 2001
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Dearborn, Mich.-based CMS Energy is setting up a weather derivatives desk, which will be based in Houston. The energy company recently hired Aaron Studwell, a meteorologist at Reliant Energy, to develop trading strategies and research weather patterns. Studwell said he will be in charge of trading and plans to hire an additional trader--it currently only has one--when volumes pick up. "This is going to be a graduated effort. We want to be a player in this market and provide something more to our customers," Studwell said.

CMS is not looking to be a market maker, but rather use the desk as an internal trading arm for risk protection, beginning with hedging its own corporate exposure and then slowly moving into weather origination deals involving gas and power, according to Studwell. The origination deals will be offered to the company's customers. "We want to let our customers know that we have helped them hedge their prices and we also want to manage their volume risk," Studwell said.

Mike Pass, meteorologist at Reliant, was promoted to fill Studwell's position in Houston, according to Studwell. He did not return calls.

  • 22 Oct 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%