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Commodity investing: How to trade copper futures

Posted on 13 July 2012 by VRS  |  Email |Print

As one of the most popular industrial metals in the world, copper has cemented its place into the commodity world as a prime trading instrument for many. The metal is used in everything from circuit boards and plumbing, to brakes and even makes an appearance in the Statue of Liberty (copper in fact makes up 80 tons of Lady Liberty).
For those looking to dabble in copper futures, there are a number of options available, leaving some to wonder where to begin. Below, we outline strategies for trading copper futures as well as a few other products that offer similar exposure……………………………………….Full Article: Source

India plans to allow banks to trade commodity derivatives

Posted on 05 July 2012 by VRS  |  Email |Print

India’s parliament is likely to receive an amendment in its next session that would permit financial institutions such as banks and mutual funds to trade in commodity derivatives and introduce trading of commodity options, Food and Consumer Affairs Minister K.V. Thomas said Wednesday.
Supporters of the amendment to a law governing commodity derivatives markets say it would lead to a massive increase in trading volumes, and reduced volatility, in a country that is one of the world’s top producers and consumers of agricultural commodities and a major producer of minerals. It would also enable more effective market regulation, they say………………………………………..Full Article: Source

Commodities futures up as weather threatens growers globally

Posted on 29 June 2012 by VRS  |  Email |Print

The Standard & Poor’s GSCI gauge of 24 commodities recently increased 0.8 percent to 577, being sparked by cocoa and sugar, which experienced jumps in stocks.
Cocoa and sugar were forecast to struggle as a result of the wet weather in West Africa hurting the crops, driving futures up, according to Reuters………………………………………..Full Article: Source

Derivatives watchdog defends global reach

Posted on 27 June 2012 by VRS  |  Email |Print

The Commodity Futures Trading Commission (CFTC), accused by a top broker in off-exchange financial derivatives of wanting to regulate the world, said on Tuesday new rules will inevitably reach beyond its borders to police the $460 trillion market.
Regulators across the globe face an end of year deadline to turn pledges made by leaders of the G20 group of the world’s biggest economies to regulate the market, which is dominated by about 15 major banks such as Goldman Sachs, Deutsche Bank and Morgan Stanley who mostly trade in London and New York………………………………………..Full Article: Source

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Regulator proposes new rule for large derivatives trades

Posted on 26 June 2012 by VRS  |  Email |Print

Wall Street traders making big bets on derivatives would receive relief from regulation only if they met certain standards under a rule proposed on Monday. The Commodity Futures Trading Commission voted to introduce a draft rule that limits how firms can qualify for exemptions through so-called block trades.
Banks and brokerage firms place the trades, large private transactions typically negotiated outside the scope of an exchange, as a service to investors that want to purchase a big bulk of derivatives………………………………………..Full Article: Source

Multi Commodity Exchange becomes world’s third biggest commodity futures exchange

Posted on 22 June 2012 by VRS  |  Email |Print

Mumbai-headquartered Multi-Commodity Exchange (MCX) has recently announced that it became world’s third biggest commodity futures exchange in 2011 in terms of volume of contracts. It was ranked 6th in 2010 and has overtaken Europe’s Intercontinental Exchange and China’s Shanghai Futures Exchange and Dalian Commodity Exchange.
MCX mentioned its volumes jumped 75.5% to 346.2 million contracts in 2011, while the volumes of CME group, which includes CME, CBOT and NYMEX, grew 11.2% to 677.2 million contracts to take the first position. Zhengzhou Commodity Exchange in China was second with 406.4 million contracts trading in 2011………………………………………..Full Article: Source

India: Gold futures may remain rangebound

Posted on 20 June 2012 by VRS  |  Email |Print

Gold futures may remain rangebound after it hit a new high on Tuesday. It may trade between Rs 30,100 to Rs 30,200 per 10 gram.
Gold for August delivery at the Multi Commodity Exchange had closed at Rs 30,201 on Tuesday. It registered a record high of Rs 30,425 as rupee depreciated against dollar………………………………………..Full Article: Source

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Commodity investing: How to trade sugar futures

Posted on 15 June 2012 by VRS  |  Email |Print

As far as soft commodities are concerned, sugar futures offer a compelling investment thesis, as their solid liquidity and high volatility make them ideal for active traders looking to make a profit.
The commodity is also well-known for sticking to a relatively consistent seasonal pattern, allowing for its movements to be somewhat predictable depending which harvest season is upcoming. However, in the grand scheme of things, many traders may focus their efforts on the more popular commodities like natural gas and gold………………………………………..Full Article: Source

Banks should be allowed in commodity futures: FMC

Posted on 15 June 2012 by VRS  |  Email |Print

The commodity markets regulator in India wants the government to allow trading of futures by banks to boost participation and liquidity.
“The issue is under consideration in the ministry of finance,” said Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), which is governed by the ministry of consumer affairs, food and public distribution. “We want the banks to participate in these markets only for the purpose of hedging.”……………………………………….Full Article: Source

Govt backs banks’ entry into commodity futures trading

Posted on 04 June 2012 by VRS  |  Email |Print

The government is set to remove the legal hurdle in the entry of banks into commodity futures trading, despite the Reserve Bank of India’s reservations on the issue. Banks can now trade in shares, bonds and currencies, but Section 8 of the Banking Regulation Act prohibits them from trading in goods.
But, the finance ministry has now supported the consumer affairs ministry’s proposal to amend the law, as it would provide a hedging tool for banks. Sources familiar with the developments say the Banking Laws Amendment Bill is likely to be tabled in the Monsoon session of Parliament………………………………………..Full Article: Source

Are commodities at risk of de-financialization? Kemp

Posted on 31 May 2012 by VRS  |  Email |Print

Unless returns on commodity futures and options start to pick up soon, institutional investors may sour on the asset class and scale back or terminate their exposure to it, ending a decade-long trend that has seen increasing financial involvement in commodity derivatives.
The first five months of 2012 have brought more disappointment for pension funds and other investors with a long position in a diversified basket of commodity futures………………………………………..Full Article: Source

Shanghai ready to realise its destiny as top commodity trading platform

Posted on 31 May 2012 by VRS  |  Email |Print

Shanghai’s futures exchange is another step closer to what is no doubt its intended role as the globe’s premier commodity trading platform.
Now it plans to get in on crude oil trading by the end of the year as part of a longer-term plan to have these Chinese contracts getting equal pegging with existing contracts such as Brent crude futures………………………………………..Full Article: Source

Ag future is looking good

Posted on 28 May 2012 by VRS  |  Email |Print

The outlook for agriculture remains positive in Australia, according to ABARES agricultural commodities and trade assistant secretary and chief commodity analyst Jammie Penm.
Penm told the conference that despite flooding in 2011 in Queensland, Victoria and New South Wales, the agricultural industry had performed well in the past 12 months. Agricultural commodities would be worth $35.5 billion this year, and commodity values were expected to remain at a similar level in the short term, until 2016 to 2017………………………………………..Full Article: Source

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China Financial Futures Exchange: To discuss cross-listing products with exchanges overseas

Posted on 18 May 2012 by VRS  |  Email |Print

The China Financial Futures Exchange said Thursday it is planning to hold discussions with overseas exchange operators about the feasibility of cross-listing products.
China’s only national financial derivatives marketplace said in a statement it is also in touch with the World Federation of Exchanges and plans to apply to join the international organization this year………………………………………..Full Article: Source

Shanghai Futures Exchange starts a silver futures trade

Posted on 07 May 2012 by VRS  |  Email |Print

Silver and China are coming full circle. In the mid-1930s the academic journal Foreign Affairs noted how “the world was startled by the news that China had abandoned the silver standard” after foreign miners began dumping surplus metal into China.
Seventy-eight years later, this coming Thursday, the Shanghai Futures Exchange begins trading silver contracts. China Daily noted there had been an absence of silver trading ability in China and — significantly — it would make the market more liquid………………………………………..Full Article: Source

Major steps in commodity futures market: NCDEX

Posted on 04 May 2012 by VRS  |  Email |Print

Most of the agricultural commodities traded on the domestic exchanges are under the “Compulsory Delivery” system wherein it is mandatory for sellers to deliver goods upon the expiry of the contract.
In a move which gives the seller an option to tender delivery much before the expiry of the contract, the Regulator has introduced a system of staggered delivery in Compulsory Delivery contracts which could go a long way towards easing pressures towards the expiry of the contract and facilitate convergence in the futures and underlying physical markets………………………………………..Full Article: Source

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Initiatives promote commodity derivatives in Brazil

Posted on 04 May 2012 by VRS  |  Email |Print

Recent initiatives may encourage more players to the Brazilian commodity derivatives market, but there are still many obstacles to its growth.
The Brazilian commodity derivatives market, up to now very much the poor relation of its liquid financial markets, could be set for growth, thanks to some recent initiatives aimed at encouraging more players to the market………………………………………..Full Article: Source

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EU should crack down on commodity speculation

Posted on 04 May 2012 by VRS  |  Email |Print

The European Union should bring in regulations to limit the impact of financial speculators on global commodity prices.
A joint statement from 25 civil society organisations, including Oxfam, the World Future Council, and the European Network on Debt and Development, called for EU regulators to bring in rules governing the amount of trades speculators can carry out on commodities markets………………………………………..Full Article: Source

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Zimbabwe: How derivatives can help revive agriculture

Posted on 02 May 2012 by VRS  |  Email |Print

Derivatives are financial instruments (contracts) that do not represent ownership rights in any asset but, rather, derive their value from the value of some other underlying commodity or other asset. When used prudently, derivatives are efficient and effective tools for isolating financial risk and “hedging” to reduce exposure to risk.
Derivatives increase the financial markets’ depth and encourage innovation that reduces reliance on cash………………………………………..Full Article: Source

Indian commodity futures post first fall in volume

Posted on 27 April 2012 by VRS  |  Email |Print

India’s commodity futures turnover posted its first-ever drop in the two weeks to April 15, as traders took to the sidelines fearing more bans after guar trade was suspended and as striking jewellers stayed away from hedging.
The turnover dropped 13.5 per cent from a year earlier to 5.13 trillion rupees ($97.21 billion) during April 1-15, the commodities market regulator Forward Markets Commission (FMC) said………………………………………..Full Article: Source

BNP Paribas grows commodity derivatives business

Posted on 17 April 2012 by VRS  |  Email |Print

BNP Paribas Corporate and Investment Banking is pleased to announce the appointments of John Bills, Mike Collens and Chris Zammit to its Commodity Derivatives business. John Bills joins in New York as Managing Director, Commodity Structured Origination - Americas, reporting to Simon Dent, Head of Structured Origination.
Chris Zammit joins in New York as Director, Commodity Derivatives of Power Trading, and will report to Dora Sung, Head of US Energy Commodities Trading. Mike Collens, joins as Director, Natural Gas trader in Calgary, Canada and will report to Bruce Bianchini, Head of Energy Trading, Canada. (Press Rerlease)

FMC to keep a close watch on huge speculative trading on exchanges

Posted on 16 April 2012 by VRS  |  Email |Print

The Forward Markets Commission (FMC) is considering plans to upgrade its integrated monitoring system in a few months. This will help the commodity market regulator to keep a close watch on possible speculative or illegal trading on commodity bourses.
“The commission, with the help of commodity exchanges, is thoroughly assessing the past records of trading and is all set to put an effective mechanism in place to curtail any speculative trading in the future,” says a top official of FMC………………………………………..Full Article: Source

Analyse commodity futures market to curb volatile food prices: UN

Posted on 13 April 2012 by VRS  |  Email |Print

United Nations (UN) has called for action to curb food price volatility and suggested a proper analysis of global commodities futures market to discourage speculation that leads to price fluctuations.
“Food and nutritional security are the foundations of a decent life. Action to curb food price volatility is essential,” UN Secretary General Ban Ki Moon said in a message to the General Assembly’s high-level debate on ‘Excessive Price Volatility in Food and Related Commodity Markets’………………………………………..Full Article: Source

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India: FMC mulls monitoring body for future contracts

Posted on 13 April 2012 by VRS  |  Email |Print

The Forward Markets Commission (FMC), the commodity derivatives market regulator, is contemplating a 12-15 member monitoring body for each agri commodity currently traded on the futures platform.
The body would comprise a member of FMC and one from each national commodity exchange, while the remaining members are proposed to be nominated by the regulator from the industry, including trade associations, producer and consumer sectors………………………………………..Full Article: Source

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Indian commodity futures turnover up 51.7pct in FY12

Posted on 12 April 2012 by VRS  |  Email |Print

Futures turnover at commodity bourses in India, the world’s biggest buyer of bullion and second largest wheat grower, jumped 51.7% to Rs 181,26,000 crore in the last fiscal year, spurred by gold and agricultural commodities.
Volumes in agricultural commodities jumped 50.79% to Rs 21,96,000 core in the fiscal year that ended in March, while bullion futures volumes jumped 85.33% to Rs 101,81,999 crore, data from the regulator showed………………………………………..Full Article: Source

CME group to tighten oversight of futures firms

Posted on 05 April 2012 by VRS  |  Email |Print

CME Group Incwill tighten scrutiny of futures firms in the wake of the MF Global collapse, focusing on the way in which they safeguard customer funds.
The breakdown in segregating customer and broker funds at MF Global dealt a severe blow to the futures industry’s credibility and revealed failures in a system that had been the bedrock of industry oversight for decades………………………………………..Full Article: Source

U.S. futures regulator accuses RBC of trading scheme

Posted on 03 April 2012 by VRS  |  Email |Print

The U.S. futures regulator accused the Royal Bank of Canada on Monday of running a multi-hundred-million-dollar trading scheme to gain lucrative Canadian tax benefits.
The Commodity Futures Trading Commission’s civil lawsuit alleges that a small group of senior RBC employees created and managed a “wash trading” strategy in which they improperly coordinated to allow subsidiaries of the bank to buy and sell stock futures without taking a position in the market………………………………………..Full Article: Source

India to cut position limits in some agri commodity futures

Posted on 03 April 2012 by VRS  |  Email |Print

Commodity market regulator plans to cut the number of contracts any member can hold in agricultural commodities in line with production estimates to curb excessive speculation, its head said on Monday, a week after banning guar futures trading.
“We have reports that production of some agricultural commodities have gone down or may go down this year. We are going to rationalise position limits (the number of contracts individual members can hold) accordingly,” Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), told Reuters………………………………………..Full Article: Source

Commodity derivatives rules may be toughened by EU lawmakers

Posted on 28 March 2012 by VRS  |  Email |Print

European Union lawmakers may seek to toughen planned curbs on speculation with commodity derivatives as part of an overhaul of financial-market rules.
Markus Ferber, the lawmaker leading work on the measures in the European Parliament, is proposing to force venues to limit the number of commodity-derivative contracts that traders can enter into, according to a report sent by his office………………………………………..Full Article: Source

EU commodity market regulation battle commences

Posted on 27 March 2012 by VRS  |  Email |Print

The battle over EU commodity market regulation commences this week, with key bureaucrats meeting in Brussels tomorrow to thrash out an agreement on regulation of commodity derivative markets.
The European Parliament’s rapporteur for the review of the Markets in Financial Instruments Directive (MiFID), German MEP Markus Ferber, said on Friday that he intends to introduce strong controls on financial speculation in these markets - Commodities Now………………………………………..Full Article: Source

How to trade gold with ETFs and options

Posted on 22 March 2012 by VRS  |  Email |Print

Larry D. Spears writes: With few exceptions, most leading financial gurus agree that every portfolio should include some physical gold. But while the yellow metal itself is great as a long-term hedge against turmoil and inflation, it’s a lousy trading vehicle.
Here’s why. For shorter-term trading purposes, most gold investors look first to the futures markets, generally focusing on either the CME Group’s full-size COMEX contract, which represents 100 ounces of the metal, currently valued around $165,000, or its little brother, the 50-ounce miNY gold future………………………………………..Full Article: Source

Commodities investors: Little movement in advance of central clearing rules

Posted on 20 March 2012 by VRS  |  Email |Print

Investors in Europe and the United States are on notice that they will eventually be required to execute OTC derivatives trades through centrally cleared transactions. As of late 2011, however, most investors in these markets had not moved to change trading practices to accommodate the incoming rules.
From 2010 to 2011 OTC derivatives investors executed 81% of transaction volume through bilateral OTC contracts and 19% through centrally cleared OTC contracts. Although central clearing rules are moving toward implementation, 60% of these investors have no plans to change the share of their business conducted through centrally cleared trades………………………………………..Full Article: Source

A quick intro to commodity futures markets

Posted on 12 March 2012 by VRS  |  Email |Print

Let’s quickly cover something for those new to futures: In case you weren’t certain, “futures trading” and “commodities trading” are basically the same thing. Futures contracts cover the broad range of commodity markets energy, metals, agriculturals, softs, livestock though they also cover financial markets as well (indices, currencies, interest rates, single stock futures).
A futures contract is simply an agreement to buy or sell at a price set today, for a future delivery date of the commodity in question………………………………………..Full Article: Source

Dalian Exchange plans to start coking-coal futures in 2012, official says

Posted on 08 March 2012 by VRS  |  Email |Print

China is planning to start a coking coal futures contract in the first half, Liu Xingqiang, general manager at the Dalian Commodity Exchange, told reporters.
The bourse is “steadily proceeding with the launch” and has been getting approval from regulators, Liu said today in Beijing where he’s attending the National People’s Congress………………………………………..Full Article: Source

Singapore commodity derivatives regulation set for overhaul

Posted on 02 March 2012 by VRS  |  Email |Print

Financial authorities in Singapore have recommended consolidating the oversight of all commodity derivatives and futures to one regulatory body, as part of a proposed broader move to regulate the country’s derivatives market in line with international standards.
Under wide-ranging regulations designed to bring Singapore’s financial markets in line with the Group of 20’s proposals on derivatives, the Monetary Authority of Singapore (MAS) and development agency International Enterprise Singapore (IE) have proposed that regulatory oversight for commodity derivatives switch from the current jurisdiction of the IE’s Commodities Trading Act (CTA) to the MAS’s Securities and Futures Act (SFA)………………………………………….Full Article: Source

How commodity futures trading differs from stocks

Posted on 29 February 2012 by VRS  |  Email |Print

The stock market is tough enough, so don’t jump into the commodities futures pits and think you’ll just conquer that market too. Investors should, however, pay attention to what’s happening in commodities to get a better grasp of what’s happening in the economy.
While potentially fast and big profits in commodity markets can be a hard lure to resist, investors should not dive in, as IBD founder and Chairman William O’Neil cautioned in “How To Make Money In Stocks.”……………………………………….Full Article: Source

Bullish futures exceed 1 mln first time in 2012: Commodities

Posted on 27 February 2012 by VRS  |  Email |Print

Bullish commodities futures rose above 1 million contracts for the first time in five months as U.S. growth prospects improved and Goldman Sachs Group Inc. predicted further price gains.
Hedge funds and money managers boosted combined net-long positions across 18 U.S. futures and options by 7.3 percent to 1.03 million contracts in the week ended Feb. 21, Commodity Futures Trading Commission data show. That’s the highest since Sept. 13. Bullish wagers on gold climbed to a five-month high, and bets on crude oil rose to the most since May………………………………………..Full Article: Source

Gold rises on bets stimulus will continue: Commodities at close

Posted on 23 February 2012 by VRS  |  Email |Print

Gold futures jumped to a three-month high on speculation that the U.S. will extend a stimulus to bolster the economy, while automatic purchases by computer programs may have contributed to the rally.
The Federal Reserve may extend a program known as Operation Twist, or the exchange of $400 billion in short-term debt for longer-term Treasuries, beyond June 30………………………………………..Full Article: Source

Are commodity merchants “swap dealers” by any other name?

Posted on 22 February 2012 by VRS  |  Email |Print

Big energy companies like Royal Dutch Shell and commodity merchants like Cargill have a simple argument in pushing back against looming new swap market rules: We’re not a bank, so don’t regulate us like one.
But their efforts to avoid being branded a “swap dealer,” a designation that brings with it greater scrutiny and onerous new rules, tend to sidestep the fact that, in one small but important way, most of them trade exactly like a bank………………………………………..Full Article: Source

How closed are China’s commodity futures markets?

Posted on 21 February 2012 by VRS  |  Email |Print

Chinese authorities keep a tight grip on the country’s commodity exchanges as part of efforts to deter speculators from driving up food and resource prices.
The three commodity futures exchanges, in Shanghai, Dalian and Zhengzhou have only a small window to foreign participation. Financial institutions are barred from participating, and brokers cannot take positions………………………………………..Full Article: Source

NYSE Liffe plans new rules for commodity contracts

Posted on 17 February 2012 by VRS  |  Email |Print

The NYSE Liffe, Europe’s largest agricultural commodity exchange, is seeking to limit the position a market participant can hold at the point of delivery of the contract.
The move is part of a proposed regime for monitoring London’s commodity contracts at a time when the global industry is under political pressure to regulate markets………………………………………..Full Article: Source

China steps up efforts to build a future in futures

Posted on 13 February 2012 by VRS  |  Email |Print

There is finally a future in the futures market. If 2008 left a deep imprint on the crisis calendar and 2011 went down as a slow haemorrhage, the new year blinks in more optimism and choice for Chinese investors.
As the biggest consumer of various commodities, China has renewed its efforts to strengthen its pricing power and sway commodity prices in the international market. Its tightly regulated futures exchanges, which allow very limited access to foreign firms, have not yet developed muscles to match China’s massive demand and buying volume………………………………………..Full Article: Source

CFTC rule boosts oversight of futures, swaps markets

Posted on 10 February 2012 by VRS  |  Email |Print

The Commodity Futures Trading Commission approved a rule on Thursday designed to shed more light on trading in the futures and swaps markets, the agency’s latest effort to protect customers following the collapse of MF Global last October.
The rule, which was approved 4-1 in private by the CFTC’s five commissioners, would require investment companies such as mutual funds that invest in commodities to register with the CFTC. It reinstates measures in place prior to 2003………………………………………..Full Article: Source

India: Assocham bats for allowing banks as intermediaries in commodities futures market

Posted on 10 February 2012 by VRS  |  Email |Print

To increase the penetration of savings instruments and upgrade financial literacy in rural areas, industry body Assocham on Thursday called for permitting banks as intermediaries in commodities futures market so that economic benefits of development spread beyond urban pockets.
Though the country has a high savings rate, the participation of urban population with high incomes in agricultural segment is minimal due to lack of suitable investment opportunities and absence of credible intermediaries dealing with agri-based investment products………………………………………..Full Article: Source

Derivatives entrepreneur to launch swaps exchange

Posted on 07 February 2012 by VRS  |  Email |Print

A pioneer in the multitrillion-dollar credit-derivatives market is seeking approval for what could be the first exchange catering to privately traded derivatives, or “swaps,” instruments that currently trade off-exchange.

Sunil Hirani, who in 1999 co-founded Creditex Group, an electronic execution platform for credit-default swaps, has asked the Commodity Futures Trading Commission to approve the new venture, trueEX, as an exchange or “designated contract market” for swaps, according to documents made public on the CFTC website Jan. 31. Mr. Hirani and other staffers at trueEX also met with CFTC member Scott O’Malia on Feb. 1, CFTC records show……………………………………….Full Article: Source

Precious metals futures heat up

Posted on 02 February 2012 by VRS  |  Email |Print

2012 may have started off like a bull, but it appears that the bears are lurking in the shadows, waiting to make their move. This week has already seen a disappointing halt to the surge that general markets had enjoyed to start the new year, as drama from overseas as well as lackluster earnings have put a damper on investor confidence.
But commodity investors can take advantage of this lull with a number of different products that have been profiting from these turbulent markets; namely precious metals. These elusive investments have been outperforming most assets in the trailing week, leaving many investors chomping at the bit for juicy returns………………………………………..Full Article: Source

EU lawmakers stall new derivatives rules

Posted on 01 February 2012 by VRS  |  Email |Print

European lawmakers and diplomats clashed on Tuesday over new rules to overhaul the $700 trillion derivatives market, threatening to delay one of the centrepieces of European financial reform.
The dispute centres on how much power should be given to an EU agency to oversee derivatives, one of the most opaque areas of finance, and once described as “financial weapons of mass destruction” by billionaire investor Warren Buffett………………………………………..Full Article: Source

Orange juice futures lead commodities for 2012

Posted on 01 February 2012 by VRS  |  Email |Print

With almost an entire month in the books, 2012 is shaping up to be a strong year for commodities, as a number of these investments have produced handsome gains. Futures for gold, cocoa, and silver have garnered a fair amount of attention, delivering eye popping gains in a relatively short period of time.
But for those looking for a truly hot commodity, no product has been able to outdo orange juice. While these futures are certainly more obscure than something like gold or oil, their gains for the year are impossible to ignore ……………………………………….Full Article: Source

EU to clamp down on derivatives trading

Posted on 25 January 2012 by VRS  |  Email |Print

The European Union came a step closer to overhauling regulations for the $700 trillion (448.60 trillion pound) derivatives market on Tuesday, one of the most opaque sectors in finance.
The EU rules, which could be in place by the end of the year, will overhaul a market that boomed in the run-up to the financial crash, demanding deals done off an exchange pass through a clearing house that pools emergency back-up capital………………………………………..Full Article: Source

Euro, commodities gain on IMF report, futures rise

Posted on 19 January 2012 by VRS  |  Email |Print

The euro strengthened and commodities rallied as a person familiar with the discussion said the International Monetary Fund is proposing raise its lending resources by $500 billion. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings.
The euro appreciated 0.6 percent to $1.2818 at 6:38 a.m. in New York. Oil rose 0.8 percent to $101.50 a barrel and the S&P GSCI index of 24 commodities gained for a second day. Standard & Poor’s 500 Index futures added 0.4 percent………………………………………..Full Article: Source

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