Opalesque Commodities Briefing » Commodities Exchanges http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en China’s ICBC becomes Dubai commodities exchange settlement bank http://www.opalesque.com/Commodities_Briefing/?p=144347 http://www.opalesque.com/Commodities_Briefing/?p=144347#comments Tue, 15 Nov 2016 23:10:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144347 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144347>Article Link</a> Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said on Tuesday, allowing more investors to clear transactions in yuan. (more…)

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Chinese regulator bans futures brokers from providing margin financing http://www.opalesque.com/Commodities_Briefing/?p=144279 http://www.opalesque.com/Commodities_Briefing/?p=144279#comments Fri, 11 Nov 2016 00:44:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144279>Article Link</a> China’s futures brokers have been banned from providing margin financing, part of tighter measures aimed at cracking down speculation in the overheated financial market, according to a report in state-owned Shanghai Securities News. (more…)

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China’s commodity exchanges ask firms to register products http://www.opalesque.com/Commodities_Briefing/?p=144257 http://www.opalesque.com/Commodities_Briefing/?p=144257#comments Wed, 09 Nov 2016 23:14:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144257 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144257>Article Link</a> China’s main commodity exchanges have asked finance firms to register details of their products, the latest move by Beijing to increase supervision over risky products. China has taken a series of steps this year to cool the rise of highly leveraged commodities futures products as part of an attempt to reduce risk in financial markets. (more…)

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NMCE hoping for merger to stay alive http://www.opalesque.com/Commodities_Briefing/?p=144166 http://www.opalesque.com/Commodities_Briefing/?p=144166#comments Wed, 02 Nov 2016 23:13:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144166 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144166>Article Link</a> To prevent an order to exit, the Ahmedabad-based National Multi Commodity Exchange (NMCE) wishes to merge with an existing bourse in the segment. It has to do so before before May 5, 2017, the deadline for meeting the minimum net worth criteria. (more…)

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CME to Start London Gold Contract in Challenge to ICE, LME http://www.opalesque.com/Commodities_Briefing/?p=144148 http://www.opalesque.com/Commodities_Briefing/?p=144148#comments Tue, 01 Nov 2016 23:18:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144148 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144148>Article Link</a> CME Group Inc. will start London gold and silver contracts in January to offer a spread between spot prices and benchmark U.S. futures, competing with similar planned contracts from Intercontinental Exchange Inc. and the London Metal Exchange. (more…)

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China links gold market with Dubai http://www.opalesque.com/Commodities_Briefing/?p=144129 http://www.opalesque.com/Commodities_Briefing/?p=144129#comments Tue, 01 Nov 2016 00:34:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144129 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144129>Article Link</a> Shanghai Gold Exchange and Dubai Gold and Commodities Exchange signed an agreement on Friday in Shanghai which makes the DGCX the first foreign exchange to use the SGE’s renminbi-denominated gold benchmark. The SGE is in talks with other exchanges about similar cooperation, according to an SGE circular. (more…)

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HKEX to copy London Metal Exchange “ring” at new Chinese commodity exchange http://www.opalesque.com/Commodities_Briefing/?p=144123 http://www.opalesque.com/Commodities_Briefing/?p=144123#comments Tue, 01 Nov 2016 00:33:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144123 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144123>Article Link</a> The Hong Kong bourse will copy the iconic open outcry trading ring at the London Metal Exchange (LME) in its new spot commodity platform in mainland China, seeking to lure Chinese producers and consumers. (more…)

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IBA aims to increase users of the LBMA Gold Price with central clearing http://www.opalesque.com/Commodities_Briefing/?p=143933 http://www.opalesque.com/Commodities_Briefing/?p=143933#comments Mon, 17 Oct 2016 22:24:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143933 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143933>Article Link</a> In a bid to increase participation of the London Bullion Market Association Gold Price, administrator ICE Benchmark Administration said Monday that it will be introducing central clearing of the price discovery mechanism in March 2017, backed by a loco London futures contract. (more…)

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No plans to implement co-location facilities in commodities, says Sebi official http://www.opalesque.com/Commodities_Briefing/?p=143890 http://www.opalesque.com/Commodities_Briefing/?p=143890#comments Fri, 14 Oct 2016 02:21:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143890 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143890>Article Link</a> Even though there is a demand and there are requests to implement co-location facilities in the commodities market, the market regulator said that it do not think that it is time for allowing the facility in the segment. (more…)

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HKEX to Introduce Qianhai Commodities Platform, Headed by Guo Xiaoli http://www.opalesque.com/Commodities_Briefing/?p=143861 http://www.opalesque.com/Commodities_Briefing/?p=143861#comments Wed, 12 Oct 2016 22:17:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143861 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143861>Article Link</a> Guo Xiaoli will serve as the new Chief Executive of the upcoming Qianhai commodity-trading platform. Hong Kong Exchanges and Clearing Limited (HKEX) has introduced its Qianhai commodities platform, which will help the group compete with other global exchanges, simultaneously servicing a clientele in Mainland China, according to an HKEX statement. (more…)

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Will commodity options enjoy same success as equity options? http://www.opalesque.com/Commodities_Briefing/?p=143760 http://www.opalesque.com/Commodities_Briefing/?p=143760#comments Wed, 05 Oct 2016 23:27:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143760 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143760>Article Link</a> When commodity exchanges launch options contracts, it may lead to some cannibalization, since they are far cheaper to trade and provide higher leverage vis-a-vis futures contracts. (more…)

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CME metals trading volume up 30% on year in September http://www.opalesque.com/Commodities_Briefing/?p=143737 http://www.opalesque.com/Commodities_Briefing/?p=143737#comments Wed, 05 Oct 2016 01:53:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143737 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143737>Article Link</a> CME Group’s metals trading volume averaged 383,000 contracts/day in September, up 30% on the year, the US exchange group said Tuesday. Gold futures and options average daily volumes rose 34% year-on-year to 225,000 contracts, with silver futures and options up 58% to 68,000 contracts, CME said. (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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Low-Code Development Pays Off For Commodities Exchange http://www.opalesque.com/Commodities_Briefing/?p=143669 http://www.opalesque.com/Commodities_Briefing/?p=143669#comments Thu, 29 Sep 2016 23:37:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143669 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143669>Article Link</a> The CME Group, owner and operator of the world’s largest derivatives marketplaces, has moved to a low-code platform for business process management. Commodities trading is fast-paced, highly regulated, and critical to the economy. CME Group owns and operates the Chicago Mercantile Exchange, the largest options and futures trading exchange in the world, along with the Chicago Board of Trade, the New York Mercantile Exchange (NYMEX), and COMEX. (more…)

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London Metal Exchange Looks to Win Back Business http://www.opalesque.com/Commodities_Briefing/?p=143647 http://www.opalesque.com/Commodities_Briefing/?p=143647#comments Thu, 29 Sep 2016 02:05:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143647 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143647>Article Link</a> LME plans to cap rent costs at registered warehouses in an effort to fight back against cheaper, private facilities. It is getting harder to know how much of the world’s metal is in storage, and that is a problem for anyone trying to determine a market price for aluminum, copper or nickel. (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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Sberbank gets international membership at Shanghai Gold http://www.opalesque.com/Commodities_Briefing/?p=143622 http://www.opalesque.com/Commodities_Briefing/?p=143622#comments Wed, 28 Sep 2016 03:51:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143622 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143622>Article Link</a> Sberbank (Switzerland) AG has become an international member of the Shanghai Gold Exchange (SGE), Sberbank CIB, the corporate and investment banking business of Sberbank, said on Tuesday. (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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MCX inks pact with Mozambique commodities exchange http://www.opalesque.com/Commodities_Briefing/?p=143546 http://www.opalesque.com/Commodities_Briefing/?p=143546#comments Wed, 21 Sep 2016 23:09:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143546 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143546>Article Link</a> Multi Commodity Exchange of India (MCX) has signed a memorandum of understanding (MoU) with Mozambique Commodities Exchange (also known as Bolsa De Mercadorias De Moçambique (BMM) for strategic co-operation. BMM envisages to develop Mozambican commodity markets ecosystem consisting of energy, base metals and agricultural products to deliver better value for the stakeholders. (more…)

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Commodities exchange gets trading system upgrade http://www.opalesque.com/Commodities_Briefing/?p=143526 http://www.opalesque.com/Commodities_Briefing/?p=143526#comments Wed, 21 Sep 2016 02:30:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143526 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143526>Article Link</a> The Tokyo Commodity Exchange on Tuesday put into operation a new trading system that includes extended hours to permit trading at times when economic data is announced. It will also facilitate higher-speed transactions. It is the first such upgrade for the exchange since May 2009, aiming to improve convenience for investors and reinvigorate the sluggish commodity futures market. (more…)

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Readying comexes to take on defaulters http://www.opalesque.com/Commodities_Briefing/?p=143400 http://www.opalesque.com/Commodities_Briefing/?p=143400#comments Mon, 12 Sep 2016 00:56:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143400 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143400>Article Link</a> Lax risk management rules have been cited as one of the reasons that led to the NSEL debacle. It is, therefore, not surprising that the current commodity market regulator, the Securities and Exchange Board of India, is focusing on the risk management rules in the commodity exchanges. (more…)

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LME owner targets China’s commodity traders http://www.opalesque.com/Commodities_Briefing/?p=143316 http://www.opalesque.com/Commodities_Briefing/?p=143316#comments Tue, 06 Sep 2016 01:40:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143316 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143316>Article Link</a> Owner of LME will keep new platform tied to physical metals after excesses in futures trading. The owner of the London Metal Exchange aims to target Chinese commodity traders concerned by speculative excesses on the country’s domestic bourses, with plans to establish a physical metals trading platform in mainland China next year. (more…)

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Singapore bourse and Baltic Exchange agree terms http://www.opalesque.com/Commodities_Briefing/?p=143111 http://www.opalesque.com/Commodities_Briefing/?p=143111#comments Tue, 23 Aug 2016 00:58:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143111 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143111>Article Link</a> Asian exchange hopes to establish Singapore as ideal location for trading and settlement of shipping contracts. SGX has moved closer to clinching an acquisition of the Baltic Exchange, after agreeing terms with the UK bourse and winning backing from shareholders representing a majority of share capital. (more…)

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LBMA says banks back its plan to change London gold market http://www.opalesque.com/Commodities_Briefing/?p=143074 http://www.opalesque.com/Commodities_Briefing/?p=143074#comments Fri, 19 Aug 2016 01:49:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143074 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143074>Article Link</a> Members see an electronic trade repository as the best way to improve transparency. The body charged with regulating London’s $5tn a year gold market says banks in the city are backing its plans to bring greater transparency to the market as the London Metal Exchange prepares to launch a gold futures exchange. (more…)

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London Metal Exchange may need to look to China http://www.opalesque.com/Commodities_Briefing/?p=143006 http://www.opalesque.com/Commodities_Briefing/?p=143006#comments Mon, 15 Aug 2016 23:50:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143006 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143006>Article Link</a> Middle Kingdom may offer LME liquidity and volume as it adjusts to commercial operations. If it’s been a tough time for commodity traders, it hasn’t been any easier for the exchanges on which they trade and hedge their exposures. (more…)

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HKEx Profit on London Metal Exchange Drops as Trading Falls http://www.opalesque.com/Commodities_Briefing/?p=142941 http://www.opalesque.com/Commodities_Briefing/?p=142941#comments Thu, 11 Aug 2016 01:52:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142941 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142941>Article Link</a> Hong Kong Exchanges & Clearing Ltd. said earnings from its commodities business — primarily the London Metal Exchange — extended their slump in the first half as the world’s biggest metals bourse battles lower trading volumes. (more…)

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Gold Back to Futures on London Metal Exchange After Thirty Years http://www.opalesque.com/Commodities_Briefing/?p=142899 http://www.opalesque.com/Commodities_Briefing/?p=142899#comments Tue, 09 Aug 2016 01:31:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142899 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142899>Article Link</a> Three decades after London’s exchange-traded gold contract flopped, it’s coming back. The London Metal Exchange, along with the World Gold Council and a group of banks and trading firms, are starting a new venture called LMEprecious, which will introduce centrally-cleared gold and silver contracts in the first half of next year, and later add platinum and palladium, according to a joint statement. (more…)

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London Metal Exchange cuts fees after pressure from members http://www.opalesque.com/Commodities_Briefing/?p=142877 http://www.opalesque.com/Commodities_Briefing/?p=142877#comments Mon, 08 Aug 2016 01:08:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142877 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142877>Article Link</a> Parent group HKEx in climbdown after chief had said group was not ‘ripping off’ customers. The London Metal Exchange has bowed to pressure from disgruntled members and slashed fees for one of its most popular trades in an attempt to stem falling activity. (more…)

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Tanzania gears up to become regional commodity trading hub http://www.opalesque.com/Commodities_Briefing/?p=142876 http://www.opalesque.com/Commodities_Briefing/?p=142876#comments Mon, 08 Aug 2016 01:08:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142876 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142876>Article Link</a> Tanzania Commodity Exchange (TCX) is set to make Tanzania a hub for commodity trading in East African region that will involve setting up exchange associations and fostering relationships with International agencies. This is according to TCX Chief Executive Officer and Managing Director, John Chaggama. (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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Singapore Exchange prepares formal offer to buy UK’s Baltic Exchange http://www.opalesque.com/Commodities_Briefing/?p=142810 http://www.opalesque.com/Commodities_Briefing/?p=142810#comments Wed, 03 Aug 2016 01:22:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142810 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142810>Article Link</a> Singapore Exchange Ltd (SGX) is readying a formal offer to buy London’s Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday. (more…)

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What has changed in commodity market norms after NSEL http://www.opalesque.com/Commodities_Briefing/?p=142768 http://www.opalesque.com/Commodities_Briefing/?p=142768#comments Mon, 01 Aug 2016 01:48:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142768 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142768>Article Link</a> Since the absence of stock in warehouses was at the heart of the NSEL settlement crisis, Forward Markets Commission also overhauled warehouse norms. A merger which was in the works since 2006 finally came to fruition almost a decade later, hastened by the Rs.5,574-crore settlement crisis in National Spot Exchange Ltd (NSEL). (more…)

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India: MCX wins best commodity exchange award http://www.opalesque.com/Commodities_Briefing/?p=142727 http://www.opalesque.com/Commodities_Briefing/?p=142727#comments Wed, 27 Jul 2016 23:32:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142727 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142727>Article Link</a> The country’s largest commodity exchange MCX has been awarded as the ‘Best Commodity Exchange’ by the Bullion Federation, a national level apex body of bullion industry. (more…)

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HKEX to put LME clearing link plans on hold due to Brexit - CEO http://www.opalesque.com/Commodities_Briefing/?p=142624 http://www.opalesque.com/Commodities_Briefing/?p=142624#comments Thu, 21 Jul 2016 00:36:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142624 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142624>Article Link</a> Britain’s vote to leave the EU has prompted the Hong Kong stock exchange (HKEX) to put on hold a commodities clearing link with its London Metal Exchange (LME), dealing a blow to its bid to make the LME more profitable. (more…)

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London Metal Exchange price exclusivity falls on global stage http://www.opalesque.com/Commodities_Briefing/?p=142581 http://www.opalesque.com/Commodities_Briefing/?p=142581#comments Tue, 19 Jul 2016 01:41:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142581 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142581>Article Link</a> Globally, base metal trading has expanded since the sale of the London Metal Exchange (LME) to the HKEx. Taking the two main exchanges for base metals – the LME and the Shanghai Futures Exchange (SHFE) – the average monthly volume of the six main base metals rose 23.8% since July 2012. (more…)

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Tokyo Commodity Exchange to launch Physical Gold Market http://www.opalesque.com/Commodities_Briefing/?p=142534 http://www.opalesque.com/Commodities_Briefing/?p=142534#comments Fri, 15 Jul 2016 01:50:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142534 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142534>Article Link</a> The Tokyo Commodity Exchange Inc. (TOCOM) has announced today that July 25th will be the start date of new Gold Physical Transaction, pending regulatory approval. Gold is the most actively traded commodity at the Exchange with both futures and options contracts listed. (more…)

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Trading on commodity exchanges surges in first half http://www.opalesque.com/Commodities_Briefing/?p=142508 http://www.opalesque.com/Commodities_Briefing/?p=142508#comments Thu, 14 Jul 2016 01:34:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142508 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142508>Article Link</a> Six major international commodity exchanges saw trading volume jump 16% year on year during the first half of 2016, fueled by an inflow of funds to crude oil and safe-haven buying of gold. (more…)

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BSE plans trading in commodity derivative segment http://www.opalesque.com/Commodities_Briefing/?p=142463 http://www.opalesque.com/Commodities_Briefing/?p=142463#comments Tue, 12 Jul 2016 01:23:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142463 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142463>Article Link</a> Leading bourse Bombay Stock Exchange (BSE) plans to launch commodity derivative segment which will allow trading in metals and has approached market regulator Sebi for approval. “BSE plans to set up a commodity derivative segment as soon as approvals are in place. It would consist of non-agricultural commodities like metal, oil and gas,” BSE Managing Director and CEO Ashishkumar Chauhan said. (more…)

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Top China commodity exchange pledges ‘zero tolerance’ for abuse http://www.opalesque.com/Commodities_Briefing/?p=142462 http://www.opalesque.com/Commodities_Briefing/?p=142462#comments Tue, 12 Jul 2016 01:23:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142462 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142462>Article Link</a> The Shanghai Futures Exchange has vowed it won’t tolerate any abuse of trading rules after the unprecedented boom-bust episode earlier this year, adding that its products aren’t for mom and pop investors. (more…)

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Commodity trade in UK may have some position limit leeway after Brexit http://www.opalesque.com/Commodities_Briefing/?p=142395 http://www.opalesque.com/Commodities_Briefing/?p=142395#comments Wed, 06 Jul 2016 02:50:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142395 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142395>Article Link</a> Britain-based commodity exchanges may have some leeway in the way they manage large positions after the UK exits the European Union, but they will still have to comply with EU rules from 2018, experts say. (more…)

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Ghana Commodity Exchange exchange to provide collateral to farmers http://www.opalesque.com/Commodities_Briefing/?p=142200 http://www.opalesque.com/Commodities_Briefing/?p=142200#comments Thu, 23 Jun 2016 01:47:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142200 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142200>Article Link</a> The Ghana Commodity Exchange has introduced an initiative that will make it possible for farmers to access loans from banks using their produce as collateral. (more…)

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Commodities exchange to begin trading 2017 http://www.opalesque.com/Commodities_Briefing/?p=142175 http://www.opalesque.com/Commodities_Briefing/?p=142175#comments Wed, 22 Jun 2016 01:47:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142175 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142175>Article Link</a> The team working on Ghana’s commodities exchange, the first in West Africa, is confident trading on the exchange will commence in the first quarter of 2017 - starting with Maize, Rice and Soy-beans. Launched by President John Mahama a year ago, the Ghana Commodities Exchange (GCX) will serve as a common platform for trading local commodities in a transparent and uniform manner with a view to giving farmers a ready market and improving livelihoods. (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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HK Exchanges makes new bid to boost China metal market role http://www.opalesque.com/Commodities_Briefing/?p=142068 http://www.opalesque.com/Commodities_Briefing/?p=142068#comments Wed, 15 Jun 2016 01:28:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142068 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142068>Article Link</a> Hong Kong Exchanges & Clearing Ltd, which bought the London Metal Exchange in 2012 for $2.2 billion, plans to start a metals trading platform in the first half of next year in southern China as it bids to secure a foothold in the world’s biggest consumer and producer of raw materials. (more…)

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HKEX Makes New Bid to Boost Metal Market Role in Mainland China http://www.opalesque.com/Commodities_Briefing/?p=142049 http://www.opalesque.com/Commodities_Briefing/?p=142049#comments Tue, 14 Jun 2016 01:26:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142049 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142049>Article Link</a> Hong Kong Exchanges & Clearing Ltd., which bought the London Metal Exchange in 2012 for $2.2 billion, plans to start a metals trading platform in the first half of next year in southern China as it bids to secure a foothold in the world’s biggest consumer and producer of raw materials. (more…)

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Kenya ripe for commodity exchange market, experts say http://www.opalesque.com/Commodities_Briefing/?p=142048 http://www.opalesque.com/Commodities_Briefing/?p=142048#comments Tue, 14 Jun 2016 01:26:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142048 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142048>Article Link</a> Speaking ahead of a Commodity Trading and Risk Management Seminar that gets underway today, Kenya National Chamber of Commerce and Industry CEO Matanda Wabuyele said such a market would save farmers from low prices offered by speculative middlemen. (more…)

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HKEX to establish national spot metals platform in China early next year, says official http://www.opalesque.com/Commodities_Briefing/?p=141963 http://www.opalesque.com/Commodities_Briefing/?p=141963#comments Wed, 08 Jun 2016 02:45:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141963 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141963>Article Link</a> Hong Kong Exchanges & Clearing, which owns the London Metal Exchange, the world’s largest metals bourse, plans to set up a national platform for spot metals trading in Qianhai, China to tap into the huge need among Chinese companies to diversify raw material supply sources and hedge exposure to price volatility, a top HKEX official said Tuesday. (more…)

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London Metal Exchange faces new challenge http://www.opalesque.com/Commodities_Briefing/?p=141962 http://www.opalesque.com/Commodities_Briefing/?p=141962#comments Wed, 08 Jun 2016 02:45:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141962 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141962>Article Link</a> If you want to understand why some members of the London Metal Exchange (LME) are so unhappy with the way things are going that they are considering forming their own metals-trading platform, look no further than the latest exchange notice to members. (more…)

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Commodities break into bull market, turning TSX into a global leader http://www.opalesque.com/Commodities_Briefing/?p=141957 http://www.opalesque.com/Commodities_Briefing/?p=141957#comments Tue, 07 Jun 2016 01:16:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141957 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141957>Article Link</a> Commodities from oil to gold have ended their epic swoon – and, in the process, turned Canadian stocks into some of the world’s hottest offerings. The Bloomberg Commodity Index, which tracks 22 raw materials, finished Monday more than 20 per cent above its low on Jan. 20, meeting the most common definition of a bull market. (more…)

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China commodity exchange to curb speculation http://www.opalesque.com/Commodities_Briefing/?p=141834 http://www.opalesque.com/Commodities_Briefing/?p=141834#comments Mon, 30 May 2016 23:32:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141834 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141834>Article Link</a> Dalian Commodity Exchange (DCE) will closely monitor the commodity market to stop illicit trading, said vice general manager Wang Fenghai. Wang said that spot prices of some commodities swung violently this year and he had seen signs of excessive speculation in the trading of coal and metal-related futures since April. (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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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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Turnover on Chinese commodity exchanges surged by $183 billion http://www.opalesque.com/Commodities_Briefing/?p=141555 http://www.opalesque.com/Commodities_Briefing/?p=141555#comments Thu, 12 May 2016 01:18:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141555 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141555>Article Link</a> From the Dutch tulip craze of 1637 to America’s dotcom bubble at the turn of the century, history is littered with speculative frenzies that ended badly for investors. But rarely has a mania escalated so rapidly, and spurred such fevered trading, as the great China commodities boom of 2016. (more…)

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China steel, iron ore futures dive as demand worries batter commodities http://www.opalesque.com/Commodities_Briefing/?p=141509 http://www.opalesque.com/Commodities_Briefing/?p=141509#comments Tue, 10 May 2016 01:32:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141509 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141509>Article Link</a> Chinese commodities dived on Monday, led by 6 percent falls in steel and iron ore futures, as deepening worries about China’s demand extended a fortnight of sharp drops and false rebounds in the country’s market for industrial metals. (more…)

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Tanzania: Commodities Exchange Ready for Rollout Next July http://www.opalesque.com/Commodities_Briefing/?p=141505 http://www.opalesque.com/Commodities_Briefing/?p=141505#comments Tue, 10 May 2016 01:31:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141505 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141505>Article Link</a> Tanzania Mercantile Exchange (TCX) is set to start operations in the next fiscal year after tackling some issues related to warehouse receipt. TCX is expected to start with cashew nut whose marketing season is between September and January. (more…)

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World’s first diamond trading exchange going live from today http://www.opalesque.com/Commodities_Briefing/?p=141431 http://www.opalesque.com/Commodities_Briefing/?p=141431#comments Thu, 05 May 2016 01:20:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141431 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141431>Article Link</a> The Singapore Diamond Investment Exchange (SDiX), the world’s first and only commodity exchange trading in physically settled diamonds, is going live from Thursday. This could change the way diamonds are traded. (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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BSE, NSE fail to get nod for commodity trading platforms http://www.opalesque.com/Commodities_Briefing/?p=141359 http://www.opalesque.com/Commodities_Briefing/?p=141359#comments Mon, 02 May 2016 01:33:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141359 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141359>Article Link</a> The Securities and Exchange Board of India or Sebi is creating a level playing field by restricting the entry of established players, says an expert. The Securities and Exchange Board of India (Sebi) has decided against allowing the two national stock exchanges to launch commodity trading platforms in the near term, said three people familiar with the development. (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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