Opalesque Commodities Briefing » Regulatory http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Indian Gold Import Ban: Fact or Fiction? http://www.opalesque.com/Commodities_Briefing/?p=144510 http://www.opalesque.com/Commodities_Briefing/?p=144510#comments Thu, 24 Nov 2016 23:06:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144510 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144510>Article Link</a> Prime Minister Narendra Modi’s move to ban 500 and 1,000 rupee notes caught the country by surprise, with many Indians now looking to liquidate their stockpiles of cash. Internet chatter is now a flurry, with some wondering whether the government’s next step will be to ban gold imports and prevent Indians from cashing in “black” money. (more…)

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India considering permitting FIIs in commodities http://www.opalesque.com/Commodities_Briefing/?p=144280 http://www.opalesque.com/Commodities_Briefing/?p=144280#comments Fri, 11 Nov 2016 00:44:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144280 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144280>Article Link</a> Allowing foreign institutional investors (FIIs) in commodity trading is under consideration, but no decision has been taken, the finance ministry on Thursday said. (more…)

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Chinese policy opens window of opportunity for miners http://www.opalesque.com/Commodities_Briefing/?p=144146 http://www.opalesque.com/Commodities_Briefing/?p=144146#comments Tue, 01 Nov 2016 23:18:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144146 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144146>Article Link</a> Renewed liquidity in early 2017 will support demand for next 12 months. Base metal and bulk commodities are in the midst of a mini-renaissance. While supply always gets focus, it is the demand side of the equation that has been more influential in pushing prices higher this year. (more…)

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Sebi axe likely to fall on illiquid commodities http://www.opalesque.com/Commodities_Briefing/?p=143841 http://www.opalesque.com/Commodities_Briefing/?p=143841#comments Wed, 12 Oct 2016 02:01:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143841 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143841>Article Link</a> In its continuing efforts to improve risk management at the exchanges’ end, market regulator Securities and Exchange Board of India (Sebi) is considering suspending trading in commodities or contracts that are illiquid. During its first year of regulating commodity derivatives after the merger of the Forward Markets Commission (FMC) with it, Sebi has focused on improving risk management of commodity exchanges with the powers it has. (more…)

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The right fix for commodity exchanges http://www.opalesque.com/Commodities_Briefing/?p=143714 http://www.opalesque.com/Commodities_Briefing/?p=143714#comments Tue, 04 Oct 2016 00:05:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143714 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143714>Article Link</a> The Securities and Exchange Board of India has taken up the task of sprucing up commodity trading with great zeal ever since it took charge of exchange-based commodity trading last September. The task before the regulator is, however, far from easy. (more…)

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India: Commodities trading may open to foreigners http://www.opalesque.com/Commodities_Briefing/?p=143707 http://www.opalesque.com/Commodities_Briefing/?p=143707#comments Mon, 03 Oct 2016 01:39:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143707 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143707>Article Link</a> The Securities and Exchange Board of India (SEBI) has initiated talks with the Reserve Bank of India (RBI) to allow foreign portfolio investors into the commodity derivatives market. (more…)

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Sebi allows options trading in commodities http://www.opalesque.com/Commodities_Briefing/?p=143646 http://www.opalesque.com/Commodities_Briefing/?p=143646#comments Thu, 29 Sep 2016 02:05:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143646 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143646>Article Link</a> Sebi’s move aims to enhance liquidity and broad base participation in the commodity market. Capital markets regulator Securities and Exchange Board of India (Sebi) on Wednesday allowed commodity derivative exchanges to launch options contracts for trading with the aim of increasing liquidity and attracting more investors to the commodities market. (more…)

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Sebi reviews portfolio managers norms for commodity markets http://www.opalesque.com/Commodities_Briefing/?p=143623 http://www.opalesque.com/Commodities_Briefing/?p=143623#comments Wed, 28 Sep 2016 03:52:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143623 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143623>Article Link</a> Markets regultaor Sebi today said it is reviewing norms to allow portfolio managers in the commodity markets. The Securities and Exchange Board of India (Sebi) further said that currently Portfolio Manager Services (PMS) would not be permissible in the commodity markets. (more…)

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India: Sebi issues disclosure norm for commodity exchanges http://www.opalesque.com/Commodities_Briefing/?p=143600 http://www.opalesque.com/Commodities_Briefing/?p=143600#comments Mon, 26 Sep 2016 23:07:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143600 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143600>Article Link</a> Markets regulator Sebi today asked commodity exchanges to make quarterly disclosure about disablement of member terminals, along with duration of such activity, due to shortage of funds and margins. (more…)

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Commodity Traders Face Tougher Rules as EU Curbs Speculation http://www.opalesque.com/Commodities_Briefing/?p=143558 http://www.opalesque.com/Commodities_Briefing/?p=143558#comments Wed, 21 Sep 2016 23:13:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143558 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143558>Article Link</a> Traders in commodities from sugar to oil may face tougher regulation in the European Union as policy makers wrangle over new rules intended to curb speculation. European Parliament lawmakers warn that the EU’s latest proposals for preventing market abuse and spikes in food prices aren’t strict enough. (more…)

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Global banking watchdog warns over Chinese banks http://www.opalesque.com/Commodities_Briefing/?p=143520 http://www.opalesque.com/Commodities_Briefing/?p=143520#comments Tue, 20 Sep 2016 00:01:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143520 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143520>Article Link</a> Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry’s global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review. (more…)

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India: All you wanted to know about Essential Commodities Act http://www.opalesque.com/Commodities_Briefing/?p=143501 http://www.opalesque.com/Commodities_Briefing/?p=143501#comments Mon, 19 Sep 2016 23:52:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143501 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143501>Article Link</a> Last week, the Union food minister talked about considering imposing limits on retail prices of certain essential commodities. While India is a market economy where prices are ostensibly decided by demand and supply, certain laws empower the Centre to intervene in the market to protect consumer interests. The Essential Commodities Act (ECA) is one such key law. (more…)

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RBI sets up working group on hedging of commodity price risk http://www.opalesque.com/Commodities_Briefing/?p=143460 http://www.opalesque.com/Commodities_Briefing/?p=143460#comments Thu, 15 Sep 2016 00:55:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143460 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143460>Article Link</a> Reserve Bank has set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas market amid rising volumes of cross-border trade. The working group, RBI today said, will review guidelines for hedging of commodity price risk by residents in overseas markets during the development phase of our domestic commodity derivative market. (more…)

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Fed asks Congress to limit bank commodity activities http://www.opalesque.com/Commodities_Briefing/?p=143394 http://www.opalesque.com/Commodities_Briefing/?p=143394#comments Fri, 09 Sep 2016 00:50:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143394 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143394>Article Link</a> Two U.S. financial regulators on Thursday made a significant push to impose new limits on banks’ commodity-market activities, which have been under scrutiny for years. The Federal Reserve asked Congress to repeal banks’ authority to make a range of investments in nonfinancial businesses, saying the businesses put the firms’ safety and soundness at risk. (more…)

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Fed: Get Goldman, Morgan Stanley out of commodities business http://www.opalesque.com/Commodities_Briefing/?p=143393 http://www.opalesque.com/Commodities_Briefing/?p=143393#comments Fri, 09 Sep 2016 00:50:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143393 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143393>Article Link</a> The Federal Reserve recommended Thursday that Congress act to get megabanks Goldman Sachs and Morgan Stanley out of the business of managing physical commodities and more generally to eliminate the practice of “merchant banking” in which banks invest or outright own nonfinancial firms. (more…)

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The Gold Price Hinges on this Federal Reserve Decision http://www.opalesque.com/Commodities_Briefing/?p=143302 http://www.opalesque.com/Commodities_Briefing/?p=143302#comments Mon, 05 Sep 2016 05:11:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143302 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143302>Article Link</a> Up one day. Down the next. Financial markets have been crazy this year. The volatility has been difficult to swallow. The uncertainty has benefited none other than, gold. The yellow metal is up about 26.3% from its December 2015 low. (more…)

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Keeping up with high-frequency traders http://www.opalesque.com/Commodities_Briefing/?p=143295 http://www.opalesque.com/Commodities_Briefing/?p=143295#comments Mon, 05 Sep 2016 05:10:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143295>Article Link</a> Market regulators charged with overseeing orderly trading are fighting a losing battle when it comes to keeping up with super fast technology. Modern trading can take place in barely comprehendible measurements of time. Banks and high-frequency traders often boast of executing orders on stocks and futures exchanges in milliseconds, or thousandths of a second. (more…)

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Sebi tightens risk management for commodity derivatives http://www.opalesque.com/Commodities_Briefing/?p=143277 http://www.opalesque.com/Commodities_Briefing/?p=143277#comments Fri, 02 Sep 2016 02:08:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143277>Article Link</a> The Securities and Exchange Board of India (Sebi) announced a series of measures for strengthening and upgrading of risk management in commodity derivatives markets. Some new concepts were also introduced to deal with liquidity problems in stressed situations. (more…)

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India questions London gold benchmark http://www.opalesque.com/Commodities_Briefing/?p=142949 http://www.opalesque.com/Commodities_Briefing/?p=142949#comments Thu, 11 Aug 2016 01:53:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142949 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142949>Article Link</a> India has said it is setting its own gold standard, being among the largest consumers of gold historically. The Indian Bullion & Jewellers’ Association declares opening and closing gold prices daily based on which sovereign gold bonds are priced. The London Bullion Market Association fixes gold’s opening and closing prices internationally. (more…)

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Good and Services Tax (GST): All you need to know about the most important tax reform in India in 25 years http://www.opalesque.com/Commodities_Briefing/?p=142846 http://www.opalesque.com/Commodities_Briefing/?p=142846#comments Thu, 04 Aug 2016 01:28:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142846 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142846>Article Link</a> The long-awaited Good and Services Tax (GST) Bill was deliberated in Rajya Sabha (Upper House of the Parliament) on Wednesday. This Bill is the 122nd Constitutional Amendment and will have to be passed by both the houses of the Parliament with a two-third majority. Its is being hailed as the most important tax reform in the country since 1991. The government argues that the passage of GST would add up to 2 per cent to the economic growth. (more…)

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Exchanges Supercharge Rules to Fight Cheaters Based Outside U.S. http://www.opalesque.com/Commodities_Briefing/?p=142831 http://www.opalesque.com/Commodities_Briefing/?p=142831#comments Thu, 04 Aug 2016 01:24:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142831 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142831>Article Link</a> Foreign day traders were breaking rules and dodging regulators when Chris Concannon left Nasdaq Inc. in 2009. When he returned to the exchange industry five years later, he was dismayed to find it was still happening. (more…)

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Commodity derivatives: Sebi finalising stricter warehousing rules http://www.opalesque.com/Commodities_Briefing/?p=142811 http://www.opalesque.com/Commodities_Briefing/?p=142811#comments Wed, 03 Aug 2016 01:22:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142811 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142811>Article Link</a> The Securities and Exchange Board of India (Sebi) is to finalise stricter regulations for warehouse service providers (WSPs) that are recognised by commodity exchanges (comexes), especially for storing goods meant for selling on the exchange platforms. This will be very significant for trading in agricultural commodities. (more…)

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Indian regulator Sebi mulls new products for commodities market http://www.opalesque.com/Commodities_Briefing/?p=142176 http://www.opalesque.com/Commodities_Briefing/?p=142176#comments Wed, 22 Jun 2016 01:48:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142176 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142176>Article Link</a> With an aim to deepen commodity derivatives market, regulator Sebi is working on new products that can have good liquidity while weeding out some existing contracts with limited or no appeal among investors and only being used for purely-speculative activities. (more…)

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Indian regulator Sebi plans checklist to approve listing for commodities futures trade http://www.opalesque.com/Commodities_Briefing/?p=142156 http://www.opalesque.com/Commodities_Briefing/?p=142156#comments Tue, 21 Jun 2016 01:27:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142156 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142156>Article Link</a> Capital markets regulator Sebi plans to have a 13-point checklist to approve the listing and delisting of commodities from futures trading, two persons aware of the development told ET. The rules were slated to be discussed by Sebi with the commodity derivatives advisory committee (CDAC) sub-group on new products and participants on Monday. (more…)

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U.S. derivatives regulator rethinks algorithmic trading proposal http://www.opalesque.com/Commodities_Briefing/?p=142116 http://www.opalesque.com/Commodities_Briefing/?p=142116#comments Fri, 17 Jun 2016 00:45:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142116 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142116>Article Link</a> The U.S. derivatives regulator is rethinking parts of its proposal to regulate automated trading and looking into whether the rule could affect too many people, it said on Thursday. The Commodity Futures Trading Commission, announcing it had reopened the public comment period on the rule through June 26, also said it is considering who should mitigate the risks of algorithmic trades and how the rule would apply when traders purchase their algorithms and systems. (more…)

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EFSA finalises amendments to commodity exchange draft law http://www.opalesque.com/Commodities_Briefing/?p=141833 http://www.opalesque.com/Commodities_Briefing/?p=141833#comments Mon, 30 May 2016 23:32:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141833 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141833>Article Link</a> The Egyptian Financial Supervisory Authority (EFSA) finalised the amendments to the draft law 95 of 1992 to establish a commodity exchange in the Capital Market, and intends to discuss them with the parties of the capital market in the coming days, chairperson of the authority Sherif Samy told Daily News Egypt. (more…)

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New global precious metals code created - LBMA http://www.opalesque.com/Commodities_Briefing/?p=141796 http://www.opalesque.com/Commodities_Briefing/?p=141796#comments Fri, 27 May 2016 00:07:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141796 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141796>Article Link</a> A new code for precious metals has been created that will apply to all precious metals markets participants and will provide guidance for best practice, the London Bullion Market Association (LBMA) said. The new code will replace the Bullion Market annex currently within the Non-Investment Products (NIPs) code, it said in a release on Thursday. (more…)

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China looking at opening up commodities futures markets -regulator http://www.opalesque.com/Commodities_Briefing/?p=141785 http://www.opalesque.com/Commodities_Briefing/?p=141785#comments Thu, 26 May 2016 00:46:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141785 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141785>Article Link</a> China may open up its commodities futures markets to overseas and financial investors, the country’s securities regulator said, as the world’s top consumer of many raw materials seeks to play a larger role in setting global commodities prices. (more…)

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India: Merger of FMC with Sebi restored confidence on regulatory oversight of commodities http://www.opalesque.com/Commodities_Briefing/?p=141784 http://www.opalesque.com/Commodities_Briefing/?p=141784#comments Thu, 26 May 2016 00:46:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141784 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141784>Article Link</a> The merger of erstwhile commodities regulator Forward Markets Commission (FMC) with the Securities and Exchange Board of India ( Sebi) was a landmark change in the regulatory sphere over the past two years, which also marked a beginning in the direction of forming a unified financial regulator. (more…)

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Why the Fed might not be able to put a stop to gold’s run http://www.opalesque.com/Commodities_Briefing/?p=141759 http://www.opalesque.com/Commodities_Briefing/?p=141759#comments Wed, 25 May 2016 01:37:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141759 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141759>Article Link</a> Gold has enjoyed a great start to 2016, but now finds itself in retreat, with the yellow metal hitting the lowest level since April in intraday trading Monday. But while the greater perceived potential for a Federal Reserve rate hike this summer appears to be sending the commodity lower, some say such speculation is not a good reason to sell gold. (more…)

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EU ministers approve final commodity price benchmark rules http://www.opalesque.com/Commodities_Briefing/?p=141668 http://www.opalesque.com/Commodities_Briefing/?p=141668#comments Wed, 18 May 2016 03:05:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141668 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141668>Article Link</a> EU ministers Tuesday approved the final text of EU rules that will govern all benchmarks used to price financial instruments, including commodity price benchmarks, on behalf of the EU Council. The rules will apply to commodity price benchmarks produced by price reporting agencies such as S&P Global Platts. (more…)

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China Is Laying The Foundation For The Next World Gold Standard System http://www.opalesque.com/Commodities_Briefing/?p=141466 http://www.opalesque.com/Commodities_Briefing/?p=141466#comments Fri, 06 May 2016 01:26:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141466 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141466>Article Link</a> On April 19, the Shanghai Gold Fix officially began. The pricing mechanism is intended to be a replacement for the London Gold Fix, the primary price-discovery mechanism for gold bullion today. The London “bullion” market is not a market in bullion. (more…)

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Shariah Gold Standard – $2 Trillion In Assets “Could Send Price Soaring” http://www.opalesque.com/Commodities_Briefing/?p=141463 http://www.opalesque.com/Commodities_Briefing/?p=141463#comments Fri, 06 May 2016 01:25:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141463 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141463>Article Link</a> The coming ‘shariah gold standard’ or shariah compliant gold could lead to a very significant source of new demand for physical gold coins and bars in the Islamic world. It is believed that this will contribute to much higher prices and gold “soaring” as some of the $2 trillion of assets held in Islamic financial institutions are allocated to the very small physical global gold market. (more…)

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China curbs commodity futures speculation http://www.opalesque.com/Commodities_Briefing/?p=141430 http://www.opalesque.com/Commodities_Briefing/?p=141430#comments Thu, 05 May 2016 01:20:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141430 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141430>Article Link</a> Chinese regulators appear to have successfully popped a mini-bubble for now in steel and other commodity futures, scaring off speculators who piled in last month to drive steep gains in the prices of raw materials from coal to cotton. (more…)

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Indian regulator Sebi may allow options in select commodities http://www.opalesque.com/Commodities_Briefing/?p=141403 http://www.opalesque.com/Commodities_Briefing/?p=141403#comments Wed, 04 May 2016 00:59:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141403 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141403>Article Link</a> The Securities and Exchange Board of India (Sebi) is in talks with leading commodity exchanges about allowing options trading in select commodities. According to sources, the Multi Commodity Exchange might be allowed to introduce options in two metals, while the National Commodity & Derivatives Exchange (NCDEX) could be permitted options in two commodities from the oil complex. (more…)

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China’s commodity trading curbs are working, at least for now: Russell http://www.opalesque.com/Commodities_Briefing/?p=141398 http://www.opalesque.com/Commodities_Briefing/?p=141398#comments Tue, 03 May 2016 01:18:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141398 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141398>Article Link</a> It’s sometimes tempting to take a Western view of China and conclude that Beijing’s attempts to limit speculation in commodity futures in order to prevent price bubbles are ill-advised and ultimately doomed to failure. (more…)

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What if central banks have NOT lost control of gold? http://www.opalesque.com/Commodities_Briefing/?p=141384 http://www.opalesque.com/Commodities_Briefing/?p=141384#comments Tue, 03 May 2016 01:15:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141384 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141384>Article Link</a> Has the positioning of the big commercial traders in the monetary metals futures markets lost its value as an indicator of future monetary metals prices? It seems like gold and silver bugs and maybe a few ordinary investors have been waiting for weeks for the usual smashing of the metals by those traders, the big investment banks, hoping to buy the next dip, only to have to watch the metals and the mining shares move steadily higher. (more…)

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China securities regulator orders major commodities exchanges to control futures speculation http://www.opalesque.com/Commodities_Briefing/?p=141353 http://www.opalesque.com/Commodities_Briefing/?p=141353#comments Fri, 29 Apr 2016 01:26:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141353 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141353>Article Link</a> China’s securities regulator ordered the country’s major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle. (more…)

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Indian regulator mulls single licence for equity, commodity brokers http://www.opalesque.com/Commodities_Briefing/?p=141295 http://www.opalesque.com/Commodities_Briefing/?p=141295#comments Wed, 27 Apr 2016 00:46:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141295>Article Link</a> Markets regulator Sebi plans to introduce single license mechanism for equity and commodity brokers. The issue was discussed last week when Sebi chairman U K Sinha met domestic brokers. The proposed move is expected to reduce financial burden on brokers and would also help investors access equity and commodity markets through a single demat account, market participants said. (more…)

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Senate committee approves authorization for U.S. commodities regulator http://www.opalesque.com/Commodities_Briefing/?p=141128 http://www.opalesque.com/Commodities_Briefing/?p=141128#comments Fri, 15 Apr 2016 01:28:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141128 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141128>Article Link</a> The U.S. Senate Agriculture Committee on Thursday approved a reauthorization of the Commodity Futures Trading Commission, nearly three years after the legislative authority for the country’s commodities and swaps regulator expired. The head of the CFTC, Timothy Massad, praised the committee for clearing the way for the full Senate to vote on authorization. (more…)

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Indian regulator seeks to ramp up hedging in commodities http://www.opalesque.com/Commodities_Briefing/?p=141085 http://www.opalesque.com/Commodities_Briefing/?p=141085#comments Thu, 14 Apr 2016 00:53:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141085 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141085>Article Link</a> The Securities and Exchange Board of India (Sebi) has asked the commodity market advisory committee headed by Ramesh Chand, agriculture expert and full-time member of Niti Aayog, to recommend measures to increase hedgers’ participation in commodity derivatives. (more…)

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Indian Regulator mulls single licence for equity, commodity brokers http://www.opalesque.com/Commodities_Briefing/?p=141044 http://www.opalesque.com/Commodities_Briefing/?p=141044#comments Tue, 12 Apr 2016 03:41:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141044 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141044>Article Link</a> The Securities and Exchange Board of India (Sebi) is working on a plan to allow a single licence for equity and commodity brokers, a move that will help the broking community reduce costs. Though both security and commodity market intermediaries are now regulated by Sebi, following the absorption of Forward Markets Commission (FMC) into it, they still adhere to different guidelines and requirements. (more…)

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Central bank action may rejuvenate gold in Europe http://www.opalesque.com/Commodities_Briefing/?p=140882 http://www.opalesque.com/Commodities_Briefing/?p=140882#comments Thu, 31 Mar 2016 01:30:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140882 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140882>Article Link</a> Gold prices remain low in historical terms, despite a rally at the start of this year, but demand may yet appear from an unexpected source. Some precious metal experts see interest returning to Europe, in part because the push towards negative interest rates has made depositing cash with banks less and less rewarding. (more…)

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India: Sebi tightens noose on commodity exchanges http://www.opalesque.com/Commodities_Briefing/?p=140859 http://www.opalesque.com/Commodities_Briefing/?p=140859#comments Wed, 30 Mar 2016 00:22:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140859 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140859>Article Link</a> Tightening the noose on commodity trade, the Securities and Exchange Board of India (Sebi) has directed commodity exchanges to comply with the provisions of client code modifications in equity markets within one month. (more…)

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EU wants stricter position limits for food commodities http://www.opalesque.com/Commodities_Briefing/?p=140763 http://www.opalesque.com/Commodities_Briefing/?p=140763#comments Mon, 21 Mar 2016 00:39:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140763 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140763>Article Link</a> Tougher market share limits on food commodities traded in the European Union from January 2018 are needed, the bloc’s executive body said in a letter this week. Position limits come under the umbrella of a new EU law called Markets in Financial Instruments Directive (MiFID II), with rules being fleshed out by the European Securities and Markets Authority (ESMA). (more…)

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Fed stance shifts gold target http://www.opalesque.com/Commodities_Briefing/?p=140753 http://www.opalesque.com/Commodities_Briefing/?p=140753#comments Mon, 21 Mar 2016 00:37:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140753 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140753>Article Link</a> So far this year, gold has been the frontrunner in the rally by precious metals. It has also performed in line with our beginning-of-the-year forecasts. The first upside target for gold for the year at $1,155/ounce and the second at $1,200 have been hit, though more quickly than expected. (more…)

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Sebi allows commodity derivatives trading in bourses at IFSC http://www.opalesque.com/Commodities_Briefing/?p=140730 http://www.opalesque.com/Commodities_Briefing/?p=140730#comments Fri, 18 Mar 2016 01:11:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140730 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140730>Article Link</a> India’s markets regulator Sebi has allowed trading in commodity derivatives at stock exchanges operating in International Financial Services Centre (IFSC). The move comes after amendment was made under Securities Contracts Regulation Act to include commodity derivatives as securities. (more…)

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Have Commodities Backed The Fed Into A Corner? http://www.opalesque.com/Commodities_Briefing/?p=140682 http://www.opalesque.com/Commodities_Briefing/?p=140682#comments Tue, 15 Mar 2016 00:58:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140682 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140682>Article Link</a> We have recently witnessed some subtle changes in the prices of assets that most investors pay little attention to. Many people are not even aware of their significance in world markets. However, when trying to understand the path of the stock market and the relative strength of the global economy, raw material prices often provide amazing clues to those who watch and understand their role and importance. (more…)

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India unveils new oil and gas policy to boost output http://www.opalesque.com/Commodities_Briefing/?p=140635 http://www.opalesque.com/Commodities_Briefing/?p=140635#comments Fri, 11 Mar 2016 00:02:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140635 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140635>Article Link</a> India has announced a slew of measures to boost the country’s sluggish output of oil, gas and minerals, including a new hydrocarbon exploration and licensing policy based on revenue sharing rather than cost recovery. (more…)

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Indian regulator Sebi upgrading surveillance for commodity exchanges http://www.opalesque.com/Commodities_Briefing/?p=140516 http://www.opalesque.com/Commodities_Briefing/?p=140516#comments Fri, 04 Mar 2016 01:20:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140516 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140516>Article Link</a> The Securities and Exchange Board of India (Sebi) and the National Commodity & Derivatives Exchange (NCDEX) are taking measures to improve improve surveillance after issuing restraining orders against 16 entities for manipulating castor seed futures. (more…)

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India: Budget signals introduction of new commodity derivatives products http://www.opalesque.com/Commodities_Briefing/?p=140451 http://www.opalesque.com/Commodities_Briefing/?p=140451#comments Tue, 01 Mar 2016 00:20:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140451 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140451>Article Link</a> While the FM did not specify products likely to be introduced, market participants expect the introduction of option contracts in commodity derivatives, similar to those available in equities. Finance minister Arun Jaitley on Monday indicated that the government plans to allow the launch of new commodity derivative products to help deepen the markets. (more…)

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Lawmakers Urge Commodities Agency to Keep Plan to Limit Futures Contracts http://www.opalesque.com/Commodities_Briefing/?p=140413 http://www.opalesque.com/Commodities_Briefing/?p=140413#comments Fri, 26 Feb 2016 00:54:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140413 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140413>Article Link</a> Lawmakers heaped criticism on an advisory committee report to the Commodity Futures Trading Commission recommending that the agency scrap its proposed rule on position limits in derivatives trading. The report and a dissenting opinion were presented at a meeting of the commission on Thursday. (more…)

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World Gold Council: US dollar’s effect on gold overdone http://www.opalesque.com/Commodities_Briefing/?p=140286 http://www.opalesque.com/Commodities_Briefing/?p=140286#comments Thu, 18 Feb 2016 00:41:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140286 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140286>Article Link</a> At first glance, 2015 wasn’t good for gold. By year-end, gold’s dollar price was down more than 11%. Investor sentiment was bearish: average net-longs reached their lowest level since 2003, and gold-backed exchange-traded funds (ETFs) saw outflows of 100 tonnes for the year. (more…)

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Indian Regulator puts rider for commodity derivative reforms http://www.opalesque.com/Commodities_Briefing/?p=140206 http://www.opalesque.com/Commodities_Briefing/?p=140206#comments Fri, 12 Feb 2016 00:24:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140206 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140206>Article Link</a> At an event here, P K Bindish, chief general manger at the regulatory body, the Securities and Exchange Board of India (Sebi), said: “We want the commodity futures market to bring risk management at par with the equity market before allowing new instruments and a new set of participants for hedging on commexes.” (more…)

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Indian regulator Sebi sets up panel for commodity market http://www.opalesque.com/Commodities_Briefing/?p=139934 http://www.opalesque.com/Commodities_Briefing/?p=139934#comments Tue, 26 Jan 2016 01:20:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139934 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139934>Article Link</a> The Securities and Exchange Board of India, now also the regulator for commodity derivatives, has set up an advisory committee for the commodity market. It will be chaired by Ramesh Chand, member, NITI Aayog. On it are Sameer Shah, managing director, National Commodity & Derivatives Exchange and P K Singhal, joint MD at Multi Commodity Exchange of India. (more…)

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Indian Regulator Allows Defunct Commodity Exchanges to Exit From Bourse Business http://www.opalesque.com/Commodities_Briefing/?p=139734 http://www.opalesque.com/Commodities_Briefing/?p=139734#comments Tue, 12 Jan 2016 01:43:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139734 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139734>Article Link</a> Markets regulator Sebi on Monday allowed defunct commodity exchanges to exit the business if no trading has taken place for more than a year. The Securities and Exchange Board of India (Sebi), in a circular, also said national commodity bourses will have to continuously meet the turnover criteria of Rs 1,000 crore per annum. (more…)

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Fed Move Adds to Pressure on Commodities http://www.opalesque.com/Commodities_Briefing/?p=139511 http://www.opalesque.com/Commodities_Briefing/?p=139511#comments Fri, 18 Dec 2015 00:48:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139511 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139511>Article Link</a> As global financial markets from equities to bonds rallied on the back of the U.S. decision to raise interest rates, most commodities bucked the trend after the Federal Reserve compounded their long-term woes. (more…)

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Indian regulator Sebi to chalk out exit route for commodity exchanges http://www.opalesque.com/Commodities_Briefing/?p=139494 http://www.opalesque.com/Commodities_Briefing/?p=139494#comments Fri, 18 Dec 2015 00:44:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139494 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139494>Article Link</a> The Securities and Exchange Board of India (Sebi) will soon spell out exit route for commodity exchanges. The move will pave the way for closure of defunct ones to apply for voluntary exits. At present, there are 12 commodities exchanges, of which six are nationalised,while the rest is regional. (more…)

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Will slumping commodity prices derail the Fed’s rate-hike strategy? http://www.opalesque.com/Commodities_Briefing/?p=139446 http://www.opalesque.com/Commodities_Briefing/?p=139446#comments Tue, 15 Dec 2015 00:51:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139446 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139446>Article Link</a> The commodities rout continues ahead of an historic Federal Reserve meeting this week. With the central bank widely expected to raise rates for the first time in 10 years, commodity prices are not co-operating, falling to multi-year lows. (more…)

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Sebi puts in place software testing norms for commodities market http://www.opalesque.com/Commodities_Briefing/?p=139412 http://www.opalesque.com/Commodities_Briefing/?p=139412#comments Mon, 14 Dec 2015 00:32:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139412 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139412>Article Link</a> To prevent possible manipulation, Sebi has made it compulsory for commodity brokers and traders to get their trading systems as well as software tools tested in consultation with the exchanges. Sebi’s guidelines related to testing of software and trading systems are already applicable for stock exchanges and would now be applicable for commodity bourses. (more…)

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