The right market design for trade between power markets

Michael Giberson Windpower Monthly has a great article describing changes in the market for transmission capacity between power systems in Europe and the benefits of the changes.  Here is a summary by way of selected quotes, but the full story is worth reading: Most of the electricity cables connecting Europe were built when electricity systems … More The right market design for trade between power markets

Automatic trading and market (in)stability

Michael Giberson News and commentary on Thursday’s stock market moves.  First, Newsweek, “The Computer Glitch Felt Round the World.”  Now, Scott Patterson, WSJ, reports “Did Shutdowns Make the Plunge Worse?” (Business Insider comments, “Everyone is rushing to blame [High Frequency Trading (HFT)] and other non-human problems for the crash… when, at least in part, it may have … More Automatic trading and market (in)stability