Mon, Sep 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Category | Trading Platforms more

Is the Commodity Data Center Around the Corner?

Posted on 28 August 2014 by VRS  |  Email |Print

The data center is changing. We have new methods of cooling, optimizing the data center and even the utilization of green energy through next-generation geothermal technologies. The insides of the data center and what goes into the rack has been changing as well. New platforms around consolidation, server technology and cloud computing are all impacting how we process and utilize resources.
The conversation around custom-build servers, networking components and now storage has been heating up. The concept of a commodity data center is no longer locked away for mega-data centers or large organizations. Looking at Google as an example, you’ve got an organization which builds its own server platform by the thousands………………………………………..Full Article: Source

Eurex concentrates commodity trading on one platform

Posted on 11 June 2014 by VRS  |  Email |Print

The European Energy Exchange (EEX) and Eurex Exchange have decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority stake of 63%. The move is set to give customers access to a large and standardised offering of commodity derivatives contracts via one platform.
Agricultural derivatives currently tradable on Eurex Exchange will be offered on EEX from 2015. Eurex Exchange’s product portfolio comprises futures on potatoes, skimmed milk powder, whey powder, butter, hogs and piglets. All contracts are quoted in Euro and are settled in cash. Market indices which reflect the underlying physical transactions are used as reference prices………………………………………..Full Article: Source

Bohai exchange’s new moly trading platform to boost price transparency, trade in China

Posted on 30 May 2014 by VRS  |  Email |Print

China’s Bohai Commodity Exchange, or BOCE, a government-backed online trading platform, has added molybdenum to its list of spot commodities, and this is expected to boost moly trade in the mainland and increase price transparency, industry sources said Thursday.
On May 27, BOCE — which is headquartered at Tianjin city in Hebei province, north China — officially launched moly concentrate and ferromoly spot trade on its trading platform at its new moly trade center at Luanchan city in Henan Province, central China………………………………………..Full Article: Source

Senators fret over high-frequency commodity trades

Posted on 15 May 2014 by VRS  |  Email |Print

Senators are fearful that high-frequency traders are getting an unfair advantage and endangering the stability of the U.S. futures market, the financial exchange for trades of commodities like corn and gold. But industry experts warn against rushing to impose new regulations.
“These markets have changed dramatically over the years – for a 21st century market, we need a 21st century regulator,” said Sen. Debbie Stabenow, D-Mich., who called a hearing of the Senate Agriculture Committee she chairs to consider the issue………………………………………..Full Article: Source

Impact of Algo trading on commodity exchanges

Posted on 14 May 2014 by VRS  |  Email |Print

High Frequency Trading (HFT), through systematic computer based algorithms by gauging market movements and eventually acting upon pre-defined protocols, has become a popular mode commodity derivatives trading.
Such techniques initially introduced in fixed income, currency, and equity markets are now increasingly being applied to trading in bullion, energy, and the agricultural commodities. HFT has contributed to a surge in the number of trades in NYMEX crude from under 1 million in 2005 to almost 42 million in 2011, and in CBOT corn from 133,000 to 10.7 million………………………………………..Full Article: Source

EBS starts precious metals trading on its EBS Direct platform

Posted on 05 February 2014 by VRS  |  Email |Print

EBS, ICAP’s electronic foreign exchange business, has launched precious metals trading on its EBS Direct platform, the markets operator said on Tuesday.
London-based ICAP operates a number of electronic platforms in a range of asset classes and instruments, as well as acting as an interdealer-broker, matching buyers and sellers of currencies, swaps and bonds………………………………………..Full Article: Source

BSE to launch currency derivative platform on Friday

Posted on 28 November 2013 by VRS  |  Email |Print

Premiere stock exchange BSE will launch its platform for trading in currency derivatives from Friday, making it the fourth bourse in the country to offer such trades.
Other stock exchanges present in the currency futures segment are — National Stock Exchange (NSE), MCX-SX and United Stock Exchange (USE). “Exchange is pleased to inform trading members that it will be launching trading in Currency and Interest Rate Derivatives with effect from Friday, November 29, 2013,” BSE said in a notification………………………………………..Full Article: Source

China launches second pilot carbon trading platform

Posted on 27 November 2013 by VRS  |  Email |Print

China launched its second pilot carbon trading platform on Tuesday in Shanghai, as the world’s largest emitter of greenhouse gases experiments with market-based systems for reducing pollution.
Almost 200 local companies have signed up to participate in the Shanghai Environment and Energy Exchange. Rules signed into effect by the city’s mayor earlier this month threaten fines of up to Rmb100,000 ($16,400) for companies that did not comply with emissions limits………………………………………..Full Article: Source

How to hedge your risk through transparent trading on the currency futures platform

Posted on 16 July 2013 by VRS  |  Email |Print

The Indian currency market accounts for around 1% of the total world forex transactions, which stand at about $4 trillion on a daily basis. With the introduction of currency derivatives in 2008, the Indian market is poised for further growth by increasing its share in the world forex trade.
The spot transactions involving the rupee totalled around $30 billion in 2010, with the segment accounting for a share of 40% in the total forex turnover in India. This is followed by another 40% in forex swaps, and the rest in the form of outright forward transactions………………………………………..Full Article: Source

Commodity trading floors not popular in Vietnam

Posted on 18 April 2013 by VRS  |  Email |Print

In just a short time of operations, commodity trading floors in Vietnam have been facing continued difficulties with trading volume becoming less and less, with any solution still not in sight.
Earlier, departments and organizations inside and outside the country and the Ministry of Industry and Trade had eagerly taken part in developing commodity trading floors in Vietnam. As a result, the country had many trading floors established, such as Buon Ma Thuot Coffee Exchange Center, Vietnam Commodity Exchange and Sontin Commodity Exchange…………………………………Full Article: Source

Dubai’s DMCC launching Islamic commodity trade platform

Posted on 21 March 2013 by VRS  |  Email |Print

Dubai’s government-owned commodities centre is launching a sharia-compliant commodity trading platform which Islamic banks in the Gulf could use to manage their short-term fund flows. The Tradeflow platform developed by the Dubai Multi Commodities Centre (DMCC) allows trading of warehouse receipts, which represent ownership of commodities stored at warehouses.
Islamic banks cannot use conventional interbank money markets because of Islam’s ban on interest, so they have struggled with a shortage of instruments to manage liquidity………………………………………..Full Article: Source

US regulators probe high-speed traders for ‘wash trades’

Posted on 19 March 2013 by VRS  |  Email |Print

U.S. futures regulators are looking into whether high-speed traders indulged in “wash trading,” a strategy in which they improperly buy and sell futures contracts without taking a position in the market, The Wall Street Journal reported, citing people familiar with the probes.
The Commodity Futures Trading Commission (CFTC) is investigating suspected wash trades by high-speed firms in futures contracts tied to crude oil, precious metals, agricultural commodities, and the S&P 500, among other underlying instruments, the people told the Journal. Wash trades are banned under U.S. futures law………………………………………..Full Article: Source

FMC sets higher standards for algo members

Posted on 14 March 2013 by VRS  |  Email |Print

The BMC would give additional security to traders from situations such as the flash crash in the US market. The Forward Markets Commission (FMC), the commodity derivatives markets regulator, has levied base minimum capital (BMC) for algo members five times higher than that of normal manual members. Until now, minimum base capital was determined by individual exchanges based on the membership criteria.
Interestingly, FMC has kept both the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX) in the same category with Rs 50 lakh of BMC requirement for algo traders. Against that, the normal manual members should require to have a BMC of Rs 10 lakh…………………………………….Full Article: Source

UCX to commence trading in April

Posted on 06 March 2013 by VRS  |  Email |Print

India’s sixth nationwide commodity futures trading platform, Universal Comm-odity Exchange (UCX), is set to go live in April this year with at least 10 agri and non-agri commodities in its kitty. The exchange has enrolled a little 200 members for trading on its platform, which is awaiting the issuance of a unique trading code by the regulator, Forward Markets Comm-ission (FMC).
“We are in the process of getting a unique trading code for each of our registered members. Once that process gets completed, we would be ready for launch,” said Ketan Sheth, managing director of Commex Technologies, the promoter of UCX………………………………………..Full Article: Source

China’s new gold exchange platform to bow

Posted on 03 December 2012 by VRS  |  Email |Print

China’s gold market could get a boost from the debut of interbank trading on Monday, with analysts saying the move will enable traders to swap bullion in larger amounts and heighten the appeal of the metal as an alternative investment class.
Trades will be cleared and delivered under the auspices of the China Foreign Exchange Trading System, a subsidiary of China’s central bank, according to a Thursday statement by the Shanghai Gold Exchange………………………………………..Full Article: Source

Yuan steps into futures on Hong Kong platform

Posted on 19 September 2012 by VRS  |  Email |Print

China’s internationalization of the yuan, also called the renminbi, is gaining pace now that the operator of the Hong Kong Stock Exchange has unveiled the world’s first deliverable offshore yuan futures.
Giving traders a way to bet on yuan futures, through contracts based on yuan-U.S. dollar exchange rates, is “part of our strategy to expand beyond equities and equity-related derivatives,” said Charles Li, chief executive of the market operator, Hong Kong Exchanges and Clearing Ltd……………………………………….Full Article: Source

Does commodities floor trading have a future?

Posted on 07 September 2012 by VRS  |  Email |Print

Once the beating heart of global energy markets, the Nymex trading floor now seems to be in its death throes. Alexander Osipovich asks how much longer open outcry has to live – and whether we should be sorry to see it go.
It was only a few years ago that hundreds of traders were shouting, shoving and jockeying for position in the trading pits of the New York Mercantile Exchange, or Nymex, the world’s top marketplace for energy derivatives………………………………………..Full Article: Source

China platform for rare earths unveiled

Posted on 09 August 2012 by VRS  |  Email |Print

China has formally unveiled on Wednesday a physical trading platform for rare earth metals. The rare earth trading platform, found in Baotou in north China’s Inner Mongolia autonomous region, was launched by Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co. along with nine other firms and institutions.
Inner Mongolia holds more than half of the light rare earth output of the world………………………………………..Full Article: Source

China plans rare-earth trading platform

Posted on 13 July 2012 by VRS  |  Email |Print

China’s largest rare-earth producer plans to launch a trading platform, according to a company newsletter, in the nation’s latest attempt to exert more control over the pricing of the strategically important minerals.
Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, China’s largest producer by output, plans to launch the physical-trading platform Aug. 8, it said on its website in an in-house company news report dated Friday. Baotou is leading about 10 major Chinese rare-earth producers to set up the platform, it said………………………………………..Full Article: Source

HKEx commodity trade platform eyed

Posted on 06 July 2012 by VRS  |  Email |Print

The Hong Kong stock exchange will launch a new platform offering commodity trading and settlement within the Asian time zone, Ronald Arculli, former chairman of the local bourse operator, said.
Arculli - now an independent non-executive director of Hong Kong Exchanges and Clearing - said the move follows the recent HKEx acquisition of the London Metals Exchange………………………………Full Article: Source

SocGen launches metals trading platform‎

Posted on 04 July 2012 by VRS  |  Email |Print

French bank Societe Generale SA has launched an electronic trading platform focused on trading London Metal Exchange base metals futures, the category one ring dealing member of the exchange said Tuesday.
The platform, to be known as Alpha Metals, provides Societe Generale’s clients with direct access to the LME’s own electronic trading platform, LME Select. It also offers post-trade services………………………………………..Full Article: Source

PMEX: Commodity trading platform upgraded

Posted on 26 June 2012 by VRS  |  Email |Print

Pakistan Mercantile Exchange (PMEX), the country’s first commodity exchange in Pakistan, has signed an agreement with Catalyst IT Solutions to provide them with a technology platform whereby PMEX brokerage houses will be able to offer online trading platforms, mobile trading platforms and SMS alert services to their clients.
Under this agreement, Catalyst IT Solutions – a company that provides similar platforms to equity brokerage houses in Pakistan – has integrated its own front office trading software Kinetic with the Electronic Trading System (ETS) of PMEX in a manner that would enable brokers of PMEX to use this software as well as offer it to their clients………………………………………..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

Singapore’s GlobalORE to launch iron ore trading platform Wednesday

Posted on 30 May 2012 by VRS  |  Email |Print

Singapore-based GlobalORE will launch its physical iron ore trading platform Wednesday as efforts to set up a price benchmark gather momentum.
GlobalORE will operate trading windows on weekdays between 3 p.m. and 4 p.m. Singapore and China time, and its office will actively assist members who trade during this time period, the company said on its website Tuesday, without elaborating………………………………………..Full Article: Source

Virtual currency exchange ‘good idea’ yet tough to establish

Posted on 30 May 2012 by VRS  |  Email |Print

The concept of a virtual currency exchange, in which gamers can sign up with to trade their in-game currency with other types of virtual money as well as real-world ones, may see a “good idea”. However, it will be difficult to set up and flourish due to regulatory constraints and lack of game operators’ buy-in.
Charlotte Miller, research analyst at Juniper Research, believes that there is a space in the market for such exchange systems to exist………………………………………..Full Article: Source

USDA studying data releases as commodities trading hours expand

Posted on 15 May 2012 by VRS  |  Email |Print

The U.S. Department of Agriculture is studying procedures for releasing crop reports as exchanges add trading hours for corn, soybeans, wheat, soybean meal, soybean oil, oats and rough rice, Secretary Tom Vilsack said.
CME Group Inc. (CME), owner of the world’s largest futures exchange and grain markets, plans to give traders access for 22 hours a day starting next week. The move will result in USDA releasing reports during trading hours. The department hasn’t decided whether to change its release schedule, Vilsack said………………………………………..Full Article: Source

Launch of European renewable energy market auctions

Posted on 09 May 2012 by VRS  |  Email |Print

STX Services BV, Europe’s leading voice and electronic broker in environmental based commodities, announced today that it has launched an electronic auction platform for the sale and purchase of Renewable Energy Certificates (Guarantees of Origin (GoO)) relating to EU power consumption.
This unique auction, in which multiple buyers and sellers may participate concurrently, achieves a perfect simulation of an open market place. The design of the auction has been inspired by other well established markets, including metals and fixed income, in which auctions play an important role………………………………………..Full Article: Source

China eyes upper hand in pricing with iron ore platform

Posted on 08 May 2012 by VRS  |  Email |Print

China’s first physical iron ore trading platform is set to debut on Tuesday, helping the world’s biggest buyer of the commodity boost its price-setting influence.
The timing looks perfect. Nearly all iron ore sold to China is now based on spot prices, with the industry evolving over the past two years after four decades of yearly-set contracts………………………………………..Full Article: Source

India: Commodity Exchange and Warehousing System operational next year

Posted on 08 May 2012 by VRS  |  Email |Print

The country’s long-awaited Commodity Exchange and Warehouse Receipt System will still not be fully operational until the middle of next year.
The system will provide farmers with financing and ready market through trading in their produce as is the case with equities on the Ghana Stock Exchange. Its draft Legal and Regulatory framework has been developed and handed over to the Trade Ministry………………………………………..Full Article: Source

Dubai commodities bourse plans trading platform for copper futures

Posted on 03 April 2012 by VRS  |  Email |Print

The Dubai Multi Commodities Centre (DMCC) is planning to launch a copper futures trading platform on the the Dubai Gold and Commodities Exchange (DGCX) in the “near future,” said Ahmad Bin Sulayem, DGCX’s chairman and head of DMCC.
“You’ll likely see in the near future this copper future on the DGCX,” he said. However, he did not specify a date………………………………………..Full Article: Source

Court sets aside Sebi order denying licence to MCX-SX‎

Posted on 15 March 2012 by VRS  |  Email |Print

The Bombay High Court on Wednesday directed the Securities and Exchange Board of India (SEBI) to reconsider an application filed by MCX Stock Exchange (MCX – SX) to set up an equity trading platform.
The capital market regulator rejected MCX-SX’s application in September last, saying that the bourse had failed to comply with the norms on the shareholding structure stipulated for a stock exchange………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

First primary trading platform for ETFs launches

Posted on 21 February 2012 by VRS  |  Email |Print

Japanese bank Nomura and Swiss interdealer broker Compagnie Financiere Tradition have launched the first electronic trading platform to allow investors to trade exchange-traded-funds directly on the primary market in real time.
ETFs — funds tracking baskets of shares, bonds or commodities that are traded like stocks — have become increasingly popular among investors seeking cheap access to indexes without having to buy the underlying securities………………………………………..Full Article: Source

What crashed CME’s oil trading platform?

Posted on 17 February 2012 by VRS  |  Email |Print

CME Group’s (CME) electronic oil trading platform, among the fastest in the world, crashed on Monday afternoon after being flooded by a surge of some 12,000 price quotes in the span of four minutes.
The platform remained down for more than an hour, forcing trading into the open outcry pits on the floor of the New York Mercantile Exchange, an increasingly rare scene these days thanks to the steady rise of electronic trading in recent years………………………………………..Full Article: Source

RTS Realtime Systems connects to HKMEx

Posted on 15 February 2012 by VRS  |  Email |Print

RTS Realtime Systems Group, a leading global trading solutions provider, today announced that the company now offers market access to the Hong Kong Mercantile Exchange (HKMEx), China’s international commodity marketplace.
The move enables RTS clients – including commodity trading firms, hedge funds, asset managers, institutional investors and algorithmic traders – to trade, arbitrage and offset their risk with positions on HKMEx. RTS offers multi-asset class, ultra-low latency and high frequency connectivity to more than 135 exchanges and markets globally………………………………………..Full Article: Source

China launches physical iron ore trading platform

Posted on 17 January 2012 by VRS  |  Email |Print

China launched its first physical iron ore trading platform Monday in Beijing in an effort to strengthen its pricing power of a commodity for which the nation is the world’s largest buyer.
The online platform was launched by the China Beijing International Mining Exchange in partnership with the China Iron and Steel Association and the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters………………………………………..Full Article: Source

Commodity trading patterns to become more complex in 2012

Posted on 17 January 2012 by VRS  |  Email |Print

According to analysts, the simple risk-on, risk-off trading patterns that characterised commodity markets in 2011 are unlikely to be as successful in 2012. Investors this year will have to move away from trading strategies that link commodities and other risk assets to the ups and downs of the dollar and instead focus more on the supply and demand particulars of each commodity.
For most of the second half of last year, a fresh scare in the euro debt crisis or a weak economic number could lead to a rise in the dollar, and risky assets such as equities and many commodities would sell off in lockstep………………………………………..Full Article: Source

Algorithmic trading in energy markets

Posted on 11 January 2012 by VRS  |  Email |Print

Algorithmic traders are now a significant presence in energy markets. Alexander Osipovich explores how they’re changing the game for human traders. They made their debut on the stock market, and gained notoriety after the ‘Flash Crash’ of May 6, 2010. Today, algorithmic traders who use computers to execute thousands of trades in seconds have become major players in energy markets, too.
And that has sparked debate among long-time market participants over whether the high-tech newcomers are to be welcomed or feared…………………………………….Full Article: Source

EU targets commodities, high-frequency trading in rules overhaul

Posted on 21 October 2011 by VRS  |  Email |Print

The European Union is seeking limits on commodities derivatives and curbs on high-frequency trading as part of proposals to overhaul the region’s financial-market rules.
Today’s plans, which also include a crackdown on so-called dark pools, are aimed at reducing market volatility, increasing regulatory oversight and promoting competition. Specific measures include requiring national regulators to either cap the number of commodity derivative contracts that traders can enter into, or make “alternative arrangements” with the same effect………………………………………Full Article: Source

High speed traders eye commodities

Posted on 17 October 2011 by VRS  |  Email |Print

Last week, the Chicago Mercantile Exchange, the world’s largest derivatives market, unveiled a range of new services that will allow its member firms to trade faster than ever on its market. The announcement underlines the increasing desire among high speed trading firms, known as high frequency traders, to diversify into a range of new asset classes – the latest being commodities.
High frequency trading firms use sophisticated algorithms to exploit temporary pricing differences across markets……………………………………….Full Article: Source

German trading solutions company announces new India data center

Posted on 19 August 2011 by VRS  |  Email |Print

Germany’s RTS Realtime Systems Group is planning to open a data center in Mumbai in a partnership with India’s Tata Communications to cater for the financial services market. It also acquired First Futures Software Engineering (FFS), a technology solutions provider based out of Pune, India, this week.

The new Mumbai data center will be built to offer hosting services for firms trading on multiple Indian Exchanges, including the Multi Commodity Exchange of India (MCX), the National Commodity and Derivatives Exchange (NCDEX) and the National Stock Exchange of India (NSE)……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Africa needs interlinking of commodity exchanges

Posted on 17 August 2011 by VRS  |  Email |Print

Africa will benefit extensively by interconnecting different commodity exchanges in the continent, said Dr Chris Muyunda the Director of Development at the African Commodity and Futures Exchange the African continent.
He said countries in the Eastern and Southern Africa region could gain a lot from interconnecting their commodity exchanges……………………………………….Full Article: Source

Eurex boosts commodity derivatives with new ETC products

Posted on 08 August 2011 by VRS  |  Email |Print

Eurex, Deutsche Börse’s derivatives exchange, launched options and futures on two commodity exchange-traded funds last week to increase the profile of its commodity derivatives franchise by tapping the booming global ETF market.
The funds, also known as exchange-traded commodities, will give Eurex clients greater exposure to two of the most liquid commodity markets, gold and crude oil……………………………………….Full Article: Source

Cross-asset class trading platforms: dream or reality?

Posted on 29 July 2011 by VRS  |  Email |Print

As traders diversify to realise greater opportunities for arbitrage and move into new markets, the demand for cross-asset class trading capabilities has never been greater. What solutions are out there and how traders are increasingly looking for platforms that can trade equities, derivatives, FX and commodities and how the search for low and ultra low latency is defining the evolution of the market.
Banks, brokers and traders are increasingly breaking down silos, ending the traditional separation of asset classes into distinct business activities with incompatible trading systems……………………………………….Full Article: Source

EU seen imposing standards to avert trading glitches

Posted on 28 July 2011 by VRS  |  Email |Print

Regulators will impose minimum technical standards on trading platforms after crashes have become more commonplace due to reliability being sacrificed for speed, a consultancy said on Wednesday.
Frederic Ponzo, managing partner at GreySpark, which advises investment banks on trading, said systems are becoming leaner to bump up speed, making them brittle and prone to glitches. ………………………………………Full Article: Source

Ace Commodity Exchange implements Bloomberg’s global identifiers

Posted on 28 June 2011 by VRS  |  Email |Print

Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India, has successfully completed integration of the Bloomberg Global Identifier (’BBGID’). The Exchange supports Bloomberg’s Open Symbology (BSYM), and is the first exchange to adopt the BBGID in Asia.
Dilip Bhatia, Chief Executive Officer of Ace Commodity Exchange said, “We see Bloomberg’s Open Symbology gaining traction, in particular amongst exchanges, because it is assigned at the exchange level. This fulfills an ongoing need of our customer base.” (Press Release)

Are gold and silver poised for another take-off?

Posted on 20 May 2011 by VRS  |  Email |Print

The gold bears and doubters - and the silver bears in particular - have had great success in driving the prices of these two precious metals downwards but are we looking at more of the same to come, or perhaps consolidation and another take-off?
The pattern of price movements we are seeing currently, with strong upwards and downwards fluctuations for both metals, but particularly for the more volatile silver, suggest to this observer that, although there may be some more short term shocks in store………………………………………Full Article: Source

Hong Kong plans new gold-futures platform

Posted on 29 April 2011 by VRS  |  Email |Print

Hong Kong is on track to kick off a new gold-futures trading platform with settlement in the physical metal next month, marking the emergence of a second exchange in the city offering leveraged bets on the metal’s rise.
The Hong Kong Mercantile Exchange, known as HKMEx, said it received regulatory clearance to launch gold-futures trading on May 18, according to a statement by the exchange Wednesday……………………………………….Full Article: Source

CME, Mexican Exchange link goes live

Posted on 07 April 2011 by VRS  |  Email |Print

The Mexican Derivatives Exchange (MexDer), the derivatives subsidiary of the Mexican Exchange (Bolsa Mexicana BMV), the second largest exchange in Latin America, and CME Group, the world’s leading and most diverse derivatives marketplace, today announced the successful launch of their south-to-north connection, giving Mexican investors access to CME Group’s benchmark derivatives contracts including interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities.…………………………………….Full Article: Source

Commodity trade repository is a tall order

Posted on 04 April 2011 by VRS  |  Email |Print

The International Swaps and Derivatives Association’s plan to create a repository for commodity trade reporting has been met with scepticism. No one disputes the need for more transparency in commodities, though there is little consensus on which group should administrate such a system.
Under all scenarios the undertaking is enormous and groundbreaking for commodities……………………………………….Full Article: Source

NYSE, CBOE may form swap-trading platforms spurred by Dodd-Frank rules

Posted on 25 March 2011 by VRS  |  Email |Print

CBOE Holdings Inc. (CBOE) and NYSE Euronext may create venues for derivatives that now trade over the counter to capitalize on proposed rules designed to bring more transparency to the $583 trillion market.
The exchange operators may form swap-trading platforms for privately negotiated derivatives that the government plans to move onto regulated trading systems or exchanges that will provide public data about prices and transactions, according to interviews with company executives over the last week……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930