The Asian energy derivatives business is still fairly underdeveloped compared to Europe and North America, but the opening up of the region's petroleum and electricity sectors should provide much needed impetus to the Asian markets. Gerard Raynor, managing director for energy risk management at SG in Singapore, talks to FinanceAsia about the opportunities and impediments for the growth of energy derivatives in Asia.
FA Can you give a little background to the Asian energy derivatives market
Raynor The Asian energy derivatives market is basically about two sectors. The first is the traditional oil derivatives market, which has existed for about 15 years. Secondly there's the power market, which includes gas and electricity.