Opalesque Commodities Briefing » Regulatory http://www.opalesque.com/Commodities_Briefing Wed, 22 May 2013 01:30:27 +0000 http://wordpress.org/?v=2.5.1 en India gold imports hit by new rule http://www.opalesque.com/Commodities_Briefing/?p=125455 http://www.opalesque.com/Commodities_Briefing/?p=125455#comments Fri, 17 May 2013 01:00:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125455 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125455>Article Link</a> A recent central bank order allowing only jewelry exporters to use bank credit lines has hit gold imports, traders said Thursday. “Hardly any new bullion imports are coming through banks. Only consignments ordered before the new rule are coming through,” Suresh Hundia, former president of the Bombay Bullion Association and a bullion dealer, told The Wall Street Journal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125455 India: Gold funds may be hit by RBI’s curbs on imports for domestic use http://www.opalesque.com/Commodities_Briefing/?p=125450 http://www.opalesque.com/Commodities_Briefing/?p=125450#comments Fri, 17 May 2013 00:58:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125450 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125450>Article Link</a> Gold exchange traded funds (ETF), among the hottest financial products in recent times, may face a curious problem because of a recent RBI circular which bars the import of gold on a consignment basis for domestic use. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125450 EU probes global oil price rigging http://www.opalesque.com/Commodities_Briefing/?p=125420 http://www.opalesque.com/Commodities_Briefing/?p=125420#comments Wed, 15 May 2013 01:33:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125420 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125420>Article Link</a> European officials have begun investigating several big oil companies including Shell, BP and Norway’s Statoil over suspected attempts to manipulate global oil prices for more than a decade. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125420 US targets commodities and corruption http://www.opalesque.com/Commodities_Briefing/?p=125364 http://www.opalesque.com/Commodities_Briefing/?p=125364#comments Fri, 10 May 2013 03:13:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125364 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125364>Article Link</a> Archer Daniels Midland is the first commodities trading house to be enmeshed in the US anti-bribery law. It may not be the last. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125364 Regulators near a deal on platform for swaps http://www.opalesque.com/Commodities_Briefing/?p=125358 http://www.opalesque.com/Commodities_Briefing/?p=125358#comments Fri, 10 May 2013 03:11:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125358 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125358>Article Link</a> Futures regulators are close to an agreement that would end a months-long standoff over a central plank of the 2010 Dodd-Frank law and finally bring more transparency to the trading of swaps, the complex financial contracts at the heart of the financial crisis. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125358 RBI curb on gold import likely to raise bullion prices http://www.opalesque.com/Commodities_Briefing/?p=125333 http://www.opalesque.com/Commodities_Briefing/?p=125333#comments Wed, 08 May 2013 02:23:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125333 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125333>Article Link</a> Even though gold is said to have entered a bearish phase there is no respite for Indian consumers. They may end up paying more for the yellow metal if the RBI’s recent move to restrict banks’ bullion imports becomes effective. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125333 Commodity traders could face regulation for role as lenders http://www.opalesque.com/Commodities_Briefing/?p=125268 http://www.opalesque.com/Commodities_Briefing/?p=125268#comments Thu, 02 May 2013 03:25:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125268 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125268>Article Link</a> The world’s little-regulated and often secretive commodity trading houses could face new disclosure rules, and even capital requirements, because of their money lending activities, after a global regulatory watchdog’s review of “shadow banking”. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125268 Cooling hot commodities may be trouble for stocks http://www.opalesque.com/Commodities_Briefing/?p=125115 http://www.opalesque.com/Commodities_Briefing/?p=125115#comments Mon, 22 Apr 2013 03:11:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125115 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125115>Article Link</a> Fed Chief Ben Bernanke must be pleased as punch that this is likely to be his last spring at the helm of the Federal Reserve. That’s because for five years now, an auspicious start to the new year has turned ugly by the time the cherry blossoms bloom along DC’s Tidal Basin. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125115 Gold price plunge to be probed by commodity regulators: Chilton http://www.opalesque.com/Commodities_Briefing/?p=125070 http://www.opalesque.com/Commodities_Briefing/?p=125070#comments Thu, 18 Apr 2013 00:53:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125070 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125070>Article Link</a> The Commodity Futures Trading Commission may be taking a deeper look at the price of gold, after gold futures on Monday suffered their biggest one-day decline since the 1980s. At least that’s the take of Democratic CFTC Commissioner Bart Chilton. Chilton told Bloomberg TV Wednesday that the drop doesn’t necessarily mean “anything nefarious” happened but whenever something like this happens “we got to look at it.” (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125070 How to control the price of silver and other strategic commodities http://www.opalesque.com/Commodities_Briefing/?p=125002 http://www.opalesque.com/Commodities_Briefing/?p=125002#comments Mon, 15 Apr 2013 03:09:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125002 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125002>Article Link</a> First of all, investment banks need to be installed as commercial traders in the silver market. Then, allow major futures exchanges to self-regulate. Next, establish a concentrated short position, whether hedged, or otherwise. Then encourage High frequency Trading and eliminate the human market makers with any sense of real value. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125002 IMF: Scrap $1.9 trillion oil and gas subsidies http://www.opalesque.com/Commodities_Briefing/?p=124852 http://www.opalesque.com/Commodities_Briefing/?p=124852#comments Wed, 03 Apr 2013 04:09:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124852 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124852>Article Link</a> The International Monetary Fund (IMF) has called for an end to the US$1.9 trillion in fossil fuel subsidies handed out worldwide each year. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124852 Swiss stop short of tightening commodities trading rules http://www.opalesque.com/Commodities_Briefing/?p=124803 http://www.opalesque.com/Commodities_Briefing/?p=124803#comments Thu, 28 Mar 2013 04:12:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124803 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124803>Article Link</a> A Swiss government investigation into the country’s $20 billion commodities sector has stopped short of proposing any new or tighter rules on trading companies as it seeks to prevent departures to Asian finance centres. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124803 Commodities trading rule calls rejected http://www.opalesque.com/Commodities_Briefing/?p=124762 http://www.opalesque.com/Commodities_Briefing/?p=124762#comments Wed, 27 Mar 2013 04:07:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124762 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124762>Article Link</a> Switzerland has sought to ­protect its central role in the commodities trading industry, rejecting calls for stringent regulation in the sector and opting instead to launch a consultation over a set of voluntary principles for the industry. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124762 India: FM seeks CTT impact analysis from FMC http://www.opalesque.com/Commodities_Briefing/?p=124647 http://www.opalesque.com/Commodities_Briefing/?p=124647#comments Tue, 19 Mar 2013 03:53:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124647 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124647>Article Link</a> Perturbed by the possible negative implication of the proposed commodity transaction tax (CTT), the Finance Ministry has asked commodity derivatives market regulator the Forward Markets Commission (FMC) to do a detailed impact analysis of how CTT once implemented will affect commodity derivatives non-agri segment and submit the report to it. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124647 US regulators probe high-speed traders for ‘wash trades’ http://www.opalesque.com/Commodities_Briefing/?p=124646 http://www.opalesque.com/Commodities_Briefing/?p=124646#comments Tue, 19 Mar 2013 03:53:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124646 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124646>Article Link</a> 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. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124646 Commodities slump as Cyprus sparks declines from oil to copper http://www.opalesque.com/Commodities_Briefing/?p=124640 http://www.opalesque.com/Commodities_Briefing/?p=124640#comments Mon, 18 Mar 2013 04:43:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124640 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124640>Article Link</a> Commodities fell as Cyprus rekindled concern that Europe’s debt crisis may deepen, with copper dropping by the most in five months, pacing declines in industrial metals and oil. Rubber and wheat also slid while gold rose to a two-week high. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124640 FMC sets higher standards for algo members http://www.opalesque.com/Commodities_Briefing/?p=124581 http://www.opalesque.com/Commodities_Briefing/?p=124581#comments Thu, 14 Mar 2013 01:36:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124581 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124581>Article Link</a> 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. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124581 India set to tax non-farm commodities futures for first time http://www.opalesque.com/Commodities_Briefing/?p=124411 http://www.opalesque.com/Commodities_Briefing/?p=124411#comments Fri, 01 Mar 2013 04:05:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124411 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124411>Article Link</a> India, the world’s largest user of gold, will tax commodities futures contracts for the first time after trading surged five fold in five years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124411 India: CTT may take a toll on commodities futures http://www.opalesque.com/Commodities_Briefing/?p=124209 http://www.opalesque.com/Commodities_Briefing/?p=124209#comments Fri, 15 Feb 2013 03:26:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124209 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124209>Article Link</a> The securities transaction tax (STT) has resulted in a shift in volumes from domestic to foreign markets. Nifty futures listed on the Singapore-based SGX rose multi-fold, while these fell on the National Stock Exchange (NSE). (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124209 The oil industry wants to water down transparency rules – Europe must resist http://www.opalesque.com/Commodities_Briefing/?p=124121 http://www.opalesque.com/Commodities_Briefing/?p=124121#comments Fri, 08 Feb 2013 03:24:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124121 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124121>Article Link</a> The EU would do well to emulate the US’s obstinacy and require reporting of payments in all countries with no exceptions. As a former oil company executive, having spent 30 years with Royal Dutch Shell, I am concerned at my former industry’s efforts to undermine a key European transparency law which is close to agreement. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124121 India: FMC asks 3 commexes to explain net worth fall http://www.opalesque.com/Commodities_Briefing/?p=124109 http://www.opalesque.com/Commodities_Briefing/?p=124109#comments Fri, 08 Feb 2013 03:21:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124109 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124109>Article Link</a> The Forward Markets Commission (FMC) has summoned executives of three commodity exchanges to explain the fall in their net worth to levels below the statutory requirement of Rs 100 crore. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124109 Iran sanctions cost world economy $10.2bln each day http://www.opalesque.com/Commodities_Briefing/?p=124078 http://www.opalesque.com/Commodities_Briefing/?p=124078#comments Wed, 06 Feb 2013 03:28:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124078 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124078>Article Link</a> The world economy suffers the most from the US-led western sanctions against Iran, Tehran’s former Governor to the Organization of Petroleum Exporting Countries Fereidoun Berkeshli said, stressing Iran’s strong economic foundations and its strength for standing against the western sanctions. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124078 Wall Street vs. commodity traders at U.S. watchdog swaps hearing http://www.opalesque.com/Commodities_Briefing/?p=124014 http://www.opalesque.com/Commodities_Briefing/?p=124014#comments Fri, 01 Feb 2013 03:01:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124014 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124014>Article Link</a> Wall Street banks and Chicago commodity traders on Thursday will each try to sway the top U.S. derivatives regulator their way at a public hearing on whether new rules unduly favor one of the two rivals. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124014 India: Industry bodies oppose commodities transaction tax http://www.opalesque.com/Commodities_Briefing/?p=123897 http://www.opalesque.com/Commodities_Briefing/?p=123897#comments Thu, 24 Jan 2013 04:03:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123897 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123897>Article Link</a> Industry bodies have raised concern against the government’s anticipated move to levy commodity transaction tax (CTT) in Budget 2013-14, scheduled to be announced on February 28. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123897 It’s time for sensible regulation of derivatives http://www.opalesque.com/Commodities_Briefing/?p=123881 http://www.opalesque.com/Commodities_Briefing/?p=123881#comments Wed, 23 Jan 2013 03:57:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123881 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123881>Article Link</a> The beauty of a pendulum is that once set in motion it can swing predictably forever. The difficulty is getting it to return to the middle. This seems to be the problem with regulation of derivatives. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123881 Time to defuse the ‘food bomb’ in farm policy http://www.opalesque.com/Commodities_Briefing/?p=123880 http://www.opalesque.com/Commodities_Briefing/?p=123880#comments Wed, 23 Jan 2013 03:57:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123880 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123880>Article Link</a> The public interest in an orderly approach to the nation’s business seems insufficient to prompt Congress to act in a timely fashion. The national legislature apparently needs some perverse incentive to spur it to action—either a cliff (fiscal or otherwise) to fall off, a ceiling (debt limit) to be crushed under, or a meat ax (automatic spending cuts known as sequester) hanging over pet programs. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123880 EU parliament in talks to challenge new derivatives rules http://www.opalesque.com/Commodities_Briefing/?p=123862 http://www.opalesque.com/Commodities_Briefing/?p=123862#comments Tue, 22 Jan 2013 01:05:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123862 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123862>Article Link</a> The European Parliament may demand a rethink of new rules designed to make derivatives markets safer in the wake of the financial crisis, potentially leading to months of uncertainty for banks that are big users of these products. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123862 IEA: Energy policies can strengthen Middle East economy http://www.opalesque.com/Commodities_Briefing/?p=123722 http://www.opalesque.com/Commodities_Briefing/?p=123722#comments Fri, 11 Jan 2013 04:10:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123722 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123722>Article Link</a> Energy policies can strengthen economies of the Middle East and North Africa and help the regions make the best use of fossil fuels and renewable resources. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123722 India: Import curbs could push up gold prices http://www.opalesque.com/Commodities_Briefing/?p=123608 http://www.opalesque.com/Commodities_Briefing/?p=123608#comments Thu, 03 Jan 2013 01:05:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123608 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123608>Article Link</a> The government is considering to further raise taxes on gold imports in a bid to tame the runaway current account deficit (CAD). CAD stood at an all-time high of $22.4 billion for the July-September quarter (or 5.4% of the GDP, up from 4.2% in the year-ago period). High CAD could necessitate higher government borrowing, weakening the rupee and stoking inflation and higher interest rates. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123608 India: Govt to drop commodity trade clause from bank bill http://www.opalesque.com/Commodities_Briefing/?p=123503 http://www.opalesque.com/Commodities_Briefing/?p=123503#comments Wed, 19 Dec 2012 03:39:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123503 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123503>Article Link</a> The government will drop a controversial clause from a banking bill pending in parliament that would have allowed banks to trade in commodity futures, Parliamentary Affairs Minister Kamal Nath said on Tuesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123503 CFTC defeats challenge to mutual fund commodities rule http://www.opalesque.com/Commodities_Briefing/?p=123422 http://www.opalesque.com/Commodities_Briefing/?p=123422#comments Thu, 13 Dec 2012 03:55:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123422 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123422>Article Link</a> The U.S. Commodity Futures Trading Commission defeated a federal court challenge to a rule requiring mutual funds with commodities investments to register with the agency. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123422 Global regulators promise cooperation on derivatives rules http://www.opalesque.com/Commodities_Briefing/?p=123331 http://www.opalesque.com/Commodities_Briefing/?p=123331#comments Thu, 06 Dec 2012 04:06:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123331 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123331>Article Link</a> The Commodity Futures Trading Commission has released a statement outlining the results of a closed-door meeting between international regulators last week that promises widespread international cooperation in the implementation of global derivatives market reforms. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123331 Regulators pledge to avoid cross-border clashes over derivatives http://www.opalesque.com/Commodities_Briefing/?p=123310 http://www.opalesque.com/Commodities_Briefing/?p=123310#comments Wed, 05 Dec 2012 01:28:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123310 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123310>Article Link</a> Derivatives regulators from major trading centres promised on Tuesday to minimise cross-border clashes over their new rules to rein in risks in the $640 trillion sector and give industry extra time to adjust. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123310 Swiss anti-bribery law for commodity traders stillborn http://www.opalesque.com/Commodities_Briefing/?p=123309 http://www.opalesque.com/Commodities_Briefing/?p=123309#comments Wed, 05 Dec 2012 01:28:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123309 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123309>Article Link</a> The Swiss cabinet on Monday rejected a motion that would force mining companies and private commodity trading houses to declare payments made to resource-rich countries. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123309 UK landmark energy reforms cushion heavy industry http://www.opalesque.com/Commodities_Briefing/?p=123220 http://www.opalesque.com/Commodities_Briefing/?p=123220#comments Fri, 30 Nov 2012 04:22:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123220 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123220>Article Link</a> Britain is considering exempting industrial users from extra costs arising from landmark energy reforms announced on Thursday while consumers face higher bills as the country replaces ageing capacity with low-carbon power. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123220 Commodities regulator sues Intrade over trading in U.S. http://www.opalesque.com/Commodities_Briefing/?p=123149 http://www.opalesque.com/Commodities_Briefing/?p=123149#comments Tue, 27 Nov 2012 01:07:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123149 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123149>Article Link</a> The Commodity Futures Trading Commission on Monday sued the owner of the prediction market and betting website Intrade, alleging that the company allowed unauthorized trading by U.S. customers. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123149 Intrade is in trouble, but is political betting over? http://www.opalesque.com/Commodities_Briefing/?p=123148 http://www.opalesque.com/Commodities_Briefing/?p=123148#comments Tue, 27 Nov 2012 01:06:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123148 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123148>Article Link</a> While Intrade is best known for offering a prediction market for gamblers to bet on the outcome of elections — and, as a byproduct, an ever-changing set of odds for who will win those elections — you don’t see that side of the business mentioned anywhere in the complaint. Instead, again and again, you find reference to Intrade letting U.S. residents gamble on things already under the coverage of financial markets and their regulators: commodity prices, market movements, economic data and so on. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123148 CFTC approves CME swap data repository http://www.opalesque.com/Commodities_Briefing/?p=123091 http://www.opalesque.com/Commodities_Briefing/?p=123091#comments Thu, 22 Nov 2012 01:16:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123091 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123091>Article Link</a> CME Group said it received approval from a federal regulator to launch a data warehouse for certain derivatives, days after the Chicago exchange and clearinghouse operator filed a lawsuit against the same regulator. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123091 Commodity regulator says trader caused $118 mln loss http://www.opalesque.com/Commodities_Briefing/?p=122899 http://www.opalesque.com/Commodities_Briefing/?p=122899#comments Fri, 09 Nov 2012 04:32:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122899 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122899>Article Link</a> A commodities trader was accused in a lawsuit by U.S. regulators of concealing the size of his positions in violation of anti-fraud laws and causing losses of $118 million. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122899 CFTC facing struggle to revive commodity position limits http://www.opalesque.com/Commodities_Briefing/?p=122861 http://www.opalesque.com/Commodities_Briefing/?p=122861#comments Wed, 07 Nov 2012 04:24:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122861 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122861>Article Link</a> US federal commodity position limits were defeated in court in September, but the Commodity Futures Trading Commission has not thrown in the towel. In a two-pronged attack, the agency is expected to appeal against the ruling and is also thought to be working on a new version of its regulation – but it faces some big obstacles. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122861 CFTC majority supports commodity-limit ruling appeal-commissioner http://www.opalesque.com/Commodities_Briefing/?p=122804 http://www.opalesque.com/Commodities_Briefing/?p=122804#comments Fri, 02 Nov 2012 03:45:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122804 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122804>Article Link</a> A majority of the Commodity Futures Trading Commission supports appealing a judge’s ruling against limits on commodity-market speculation, Commissioner Mark Wetjen said on Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122804 Iran bans gold bullion exports http://www.opalesque.com/Commodities_Briefing/?p=122792 http://www.opalesque.com/Commodities_Briefing/?p=122792#comments Thu, 01 Nov 2012 01:18:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122792 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122792>Article Link</a> Iran announced Wednesday that it is restricting the outward flow of Gold Bullion, in response to “challenges in the field of foreign trade”, the country’s Mehr news agency reported. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122792 India: Banks can’t lend to jewellers for purchase of gold: RBI http://www.opalesque.com/Commodities_Briefing/?p=122791 http://www.opalesque.com/Commodities_Briefing/?p=122791#comments Thu, 01 Nov 2012 01:18:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122791 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122791>Article Link</a> After putting curbs on non-banking finance companies (NBFCs) lending against gold, the Reserve Bank of India on Tuesday banned banks from lending for purchase of gold by jewellers. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122791 Banks cut commodity VAR as regulatory reform bites http://www.opalesque.com/Commodities_Briefing/?p=122693 http://www.opalesque.com/Commodities_Briefing/?p=122693#comments Thu, 25 Oct 2012 04:06:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122693 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122693>Article Link</a> Basel capital rules and regulatory reform stymie risk appetite of major banks in commodities. Higher capital requirements and regulatory reform are causing banks to dramatically curb their risk-taking in commodity and energy markets, according to market participants. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122693 Who needs an Iraqi oil law? http://www.opalesque.com/Commodities_Briefing/?p=122690 http://www.opalesque.com/Commodities_Briefing/?p=122690#comments Thu, 25 Oct 2012 04:05:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122690 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122690>Article Link</a> Although Iraq is expanding its energy sector and has become OPEC’s number-two oil exporter, it still does not have a national hydrocarbons law. To many, that law is essential to help unify northern and southern markets, reduce investor risks and attract the foreign capital and expertise needed for future energy development. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122690 Swiss Asia Capital gains Singapore licence, commodities fund up 10pct in September http://www.opalesque.com/Commodities_Briefing/?p=122675 http://www.opalesque.com/Commodities_Briefing/?p=122675#comments Thu, 25 Oct 2012 04:00:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122675 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122675>Article Link</a> Juerg Kiener, MD and CIO of Swiss Asia Capital (Singapore) Pte Ltd. announced that his firm had been granted its Singapore Capital Markets Services (CMS) licence. Jefferies Group, Inc. announced the same granting last week, for its Jefferies Bache Futures & Options business. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122675 FMC to define criteria to determine commodities’ launch on exchanges http://www.opalesque.com/Commodities_Briefing/?p=122624 http://www.opalesque.com/Commodities_Briefing/?p=122624#comments Mon, 22 Oct 2012 03:58:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122624 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122624>Article Link</a> In order to curb free flow of contracts on exchange platform, the Forward Markets Commission (FMC) is planning to frame criteria for agri commodities for determining their launch on futures exchange. Confirming the development, the FMC chairman Ramesh Abhishek, said, “Criteria are being worked out which would determine whether commodities are fit for trading on futures exchanges or not.” (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122624 India: Boost soon for derivatives in illiquid commodities http://www.opalesque.com/Commodities_Briefing/?p=122566 http://www.opalesque.com/Commodities_Briefing/?p=122566#comments Wed, 17 Oct 2012 01:29:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122566 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122566>Article Link</a> The Forward Markets Commission (FMC), the commodity derivatives market regulator, is planning to soon allow market-making in illiquid commodities, to enhance depth in the futures market and provide equal opportunity for producers of all commodities. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122566 CFTC mulls delay on rules impacting energy swaps: Bloomberg http://www.opalesque.com/Commodities_Briefing/?p=122501 http://www.opalesque.com/Commodities_Briefing/?p=122501#comments Fri, 12 Oct 2012 03:32:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122501 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122501>Article Link</a> The U.S. Commodity Futures Trading Commission may delay a rule set to take effect on Friday that would impact cleared energy swaps, according to a report by Bloomberg on Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122501 CFTC staff recommends appeal of commodity limits ruling: source http://www.opalesque.com/Commodities_Briefing/?p=122456 http://www.opalesque.com/Commodities_Briefing/?p=122456#comments Wed, 10 Oct 2012 02:25:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122456 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122456>Article Link</a> Staffers at the Commodity Futures Trading Commission have recommended that the regulator appeal a judge’s ruling against federal limits on commodity market speculation, and commissioners are nearing a decision on the matter, according to a CFTC official. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122456 India moves to strengthen commodity regulator http://www.opalesque.com/Commodities_Briefing/?p=122450 http://www.opalesque.com/Commodities_Briefing/?p=122450#comments Tue, 09 Oct 2012 04:51:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122450 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122450>Article Link</a> India’s government is proposing to strengthen the commodities market regulator, a move which could help boost the moribund trade in futures of agricultural products and metals. Until now, India’s government has refused to hand control to the regulator, which exists but must seek government approval before punishing rules violators. The government in the past has argued that it needed a large hand in overseeing trade in commodities, especially food products that people rely on as their staples. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122450 U.S. commodity regulators face new fight over reforms http://www.opalesque.com/Commodities_Briefing/?p=122412 http://www.opalesque.com/Commodities_Briefing/?p=122412#comments Fri, 05 Oct 2012 04:18:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122412 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122412>Article Link</a> A week after losing a major court battle in their bid to impose trading curbs on commodity speculators, U.S. regulators are gearing up to fend off another attack against their reforms. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122412 FCRA bill will push commodity market reforms: MCX http://www.opalesque.com/Commodities_Briefing/?p=122400 http://www.opalesque.com/Commodities_Briefing/?p=122400#comments Fri, 05 Oct 2012 04:14:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122400 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122400>Article Link</a> The clearance of Forward Contracts Regulation Act (Amendment) Bill 2010 by the Union cabinet today is a boost for the much-needed policy reforms in the Indian commodity market, MCX MD and CEO Shreekant Javalgekar said in a statement here. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122400 Higher ag position limits remain in place after CFTC setback http://www.opalesque.com/Commodities_Briefing/?p=122399 http://www.opalesque.com/Commodities_Briefing/?p=122399#comments Fri, 05 Oct 2012 04:14:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122399 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122399>Article Link</a> Higher trading limits in nine agricultural commodity markets remain in place despite a court ruling that knocked back regulators’ efforts to get tougher on speculation, futures exchanges said on Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122399 CME, ICE drop position limit plans after ruling against CFTC http://www.opalesque.com/Commodities_Briefing/?p=122377 http://www.opalesque.com/Commodities_Briefing/?p=122377#comments Thu, 04 Oct 2012 04:29:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122377 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122377>Article Link</a> Exchange operators CME Group and ICE Futures U.S. said on Wednesday they would stick with their existing position limits regimes after a court threw out the U.S. Commodity Futures Trading Commission’s (CFTC) new rule to curb commodity market speculation. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122377 Oil sanctions on Iran threaten the US too http://www.opalesque.com/Commodities_Briefing/?p=122365 http://www.opalesque.com/Commodities_Briefing/?p=122365#comments Wed, 03 Oct 2012 03:48:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122365 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122365>Article Link</a> Its his way of showing how tough he is, following in the insidious tradition of former Secretary of State Madeline Albright who told a TV interviewer that the sanctions her administration imposed on Iraq were “worth it,” even as they claimed the lives of a million children. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122365 New oil market regulations canned following opposition http://www.opalesque.com/Commodities_Briefing/?p=122260 http://www.opalesque.com/Commodities_Briefing/?p=122260#comments Wed, 26 Sep 2012 04:42:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122260 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122260>Article Link</a> The International Energy Agency and OPEC are natural rivals when it comes to oil policy. But the two international organizations were on the same page recently when it came to one thing: ensuring that new regulations on the oil market don’t come to pass. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122260 Central banks push, but commodities slide http://www.opalesque.com/Commodities_Briefing/?p=122224 http://www.opalesque.com/Commodities_Briefing/?p=122224#comments Mon, 24 Sep 2012 03:25:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122224 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122224>Article Link</a> Not to be left out, the Bank of Japan (BoJ) this week announced its own new version of monetary stimulus, although the move is relatively mild compared to the U.S. Federal Reserve’s QE3. The BoJ is increasing current asset purchases from 45 trillion yen to just 55 trillion yen (an increase equal to about $127 billion dollars). (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122224 Big slump as demand worry replaces Fed euphoria http://www.opalesque.com/Commodities_Briefing/?p=122133 http://www.opalesque.com/Commodities_Briefing/?p=122133#comments Tue, 18 Sep 2012 04:31:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122133 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122133>Article Link</a> Commodity markets tumbled on Monday, as investors worried about the demand outlook for oil, metals and grains after weeks of rising prices built on optimism over economic stimulus in the United States and Europe. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122133 Fed’s third act propels gold, others lag http://www.opalesque.com/Commodities_Briefing/?p=122084 http://www.opalesque.com/Commodities_Briefing/?p=122084#comments Fri, 14 Sep 2012 03:49:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122084 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122084>Article Link</a> Major commodity markets, including oil and copper, gave an initial tepid response to the Federal Reserve’s third effort to revive the U.S. economy, leaving gold the biggest beneficiary of a plan that has been slowly baked into markets for weeks. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122084