Opalesque Commodities Briefing » Commodities Exchanges http://www.opalesque.com/Commodities_Briefing Wed, 22 May 2013 01:30:27 +0000 http://wordpress.org/?v=2.5.1 en Ghana to establish commodities exchange to connect agric sector to the capital market http://www.opalesque.com/Commodities_Briefing/?p=125483 http://www.opalesque.com/Commodities_Briefing/?p=125483#comments Wed, 22 May 2013 01:26:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125483 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125483>Article Link</a> Ghana is ready to restructure its capital market to spur economic growth, Finance Minister Seth Terkper said. The restructuring is necessary for the Ghana to meet international standards in its securities market regulations, Seth Terkper told Ghana’s first-ever capital market conference. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125483 Metals close higher on the LME http://www.opalesque.com/Commodities_Briefing/?p=125467 http://www.opalesque.com/Commodities_Briefing/?p=125467#comments Tue, 21 May 2013 05:44:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125467 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125467>Article Link</a> Base metals on the London Metal Exchange (LME) have closed higher, tracking a stronger euro in a jerky session for all metal markets as volumes were thinned by a European holiday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125467 Dubai commodity derivatives bourse crosses $1 trillion mark http://www.opalesque.com/Commodities_Briefing/?p=125392 http://www.opalesque.com/Commodities_Briefing/?p=125392#comments Tue, 14 May 2013 04:07:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125392 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125392>Article Link</a> The Dubai Gold and Commodities Exchange (DGCX) said Monday it reached in April a total trading volume of 24.5 million contracts, valued at 1.025 trillion U.S. dollars and a first since the market’s inception in 2005. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125392 China’s Zhejiang Commodity Exchange mulls e-trading of iron ore http://www.opalesque.com/Commodities_Briefing/?p=125222 http://www.opalesque.com/Commodities_Briefing/?p=125222#comments Tue, 30 Apr 2013 03:31:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125222 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125222>Article Link</a> Zhejiang Zhoushan Bulk Commodity Exchange, a government-controlled exchange in Zhoushan city in east China’s Zhejiang province, is eyeing joining the growing number of Chinese commodities exchanges hosting an e-trading platform for iron ore, an exchange official confirmed Friday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125222 Hong Kong’s exchange is betting its future on commodities and the renminbi http://www.opalesque.com/Commodities_Briefing/?p=125094 http://www.opalesque.com/Commodities_Briefing/?p=125094#comments Mon, 22 Apr 2013 03:05:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125094 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125094>Article Link</a> In the fast-changing world of securities exchanges, Hong Kong Exchanges and Clearing sits in an enviable position. The Hong Kong Stock Exchange, which it operates, is the worlds fifth largest by the market capitalization of its listed companies, $2.83 trillion, and one of the most profitable. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125094 UCX to go live tomorrow http://www.opalesque.com/Commodities_Briefing/?p=125078 http://www.opalesque.com/Commodities_Briefing/?p=125078#comments Fri, 19 Apr 2013 04:06:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125078 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125078>Article Link</a> India’s sixth nationwide commodity futures trading platform — Universal Commodity Exchange (UCX) — is set to go live on Friday, the auspicious day of Ram Navmi with trading facility in both agri and non agri contracts. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125078 Guangzhou plans to relaunch futures http://www.opalesque.com/Commodities_Briefing/?p=124934 http://www.opalesque.com/Commodities_Briefing/?p=124934#comments Wed, 10 Apr 2013 04:04:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124934 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124934>Article Link</a> Officials in Guangzhou, the provincial capital of Guangdong, unveiled plans late Monday to re-establish a futures exchange in the city by the end of 2015, an announcement which could pave the way for the opening of the Chinese mainland’s fifth such exchange if central planners give their nod. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124934 India: Commodity bourses turnover dips http://www.opalesque.com/Commodities_Briefing/?p=124808 http://www.opalesque.com/Commodities_Briefing/?p=124808#comments Tue, 02 Apr 2013 02:06:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124808 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124808>Article Link</a> The turnover on commodity exchanges dipped seven per cent to Rs 696,348 crore (Rs 745,970 crore) in the first fortnight of March, according to the Forward Markets Commission data. The fall in turnover followed the Government announcing imposition of transaction tax on all non-agriculture commodities trading in the Budget. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124808 Singapore Mercantile Exchange hunting agricultural commodities http://www.opalesque.com/Commodities_Briefing/?p=124807 http://www.opalesque.com/Commodities_Briefing/?p=124807#comments Tue, 02 Apr 2013 02:06:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124807 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124807>Article Link</a> Set up in 2010, the Singapore Mercantile Exchange, a pan-Asian commodity and currency derivatives exchange, is now hunting for more agricultural commodities from black pepper in Vietnam to rubber in Thailand, to become the regional centre for agriculture futures transactions. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124807 ICE to study cutting soft commodities trading hours http://www.opalesque.com/Commodities_Briefing/?p=124722 http://www.opalesque.com/Commodities_Briefing/?p=124722#comments Mon, 25 Mar 2013 02:10:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124722 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124722>Article Link</a> IntercontinentalExchange Inc will consider cutting trading hours for soft commodities in a bid to improve liquidity, president and chief operating officer of ICE Futures U.S. Ben Jackson said on Friday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124722 Tanzania: Commodity exchange ready mid next year http://www.opalesque.com/Commodities_Briefing/?p=124607 http://www.opalesque.com/Commodities_Briefing/?p=124607#comments Fri, 15 Mar 2013 03:25:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124607 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124607>Article Link</a> Commodity exchange market is expected to start operations in Tanzania in June, next year, officials told the ‘Daily News’ in Dar es Salaam on Wednesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124607 Asian exchanges prepare commodities push http://www.opalesque.com/Commodities_Briefing/?p=124582 http://www.opalesque.com/Commodities_Briefing/?p=124582#comments Thu, 14 Mar 2013 01:36:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124582 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124582>Article Link</a> Executives from two of Asia’s largest financial exchanges on Wednesday outlined plans to expand their presence in commodity derivatives, a segment that’s been lifted by the region’s economic expansion. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124582 SHFE calls for opening commodities futures to overseas traders http://www.opalesque.com/Commodities_Briefing/?p=124548 http://www.opalesque.com/Commodities_Briefing/?p=124548#comments Tue, 12 Mar 2013 03:29:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124548 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124548>Article Link</a> China should accelerate opening commodities futures to overseas investors and detail regulations allowing domestic firms to trade raw materials contracts on bourses abroad, Shanghai Futures Exchange Chairman Yang Maijun said in proposals to the National People’s Congress. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124548 ICE commits to five-year ceiling on Liffe soft commodity trading fees http://www.opalesque.com/Commodities_Briefing/?p=124547 http://www.opalesque.com/Commodities_Briefing/?p=124547#comments Tue, 12 Mar 2013 03:28:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124547 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124547>Article Link</a> Soft commodities represent the main area of overlap between NYSE Euronext and IntercontinentalExchange (ICE). The former is best known for its stock markets and financial futures, while Atlanta-based ICE runs derivatives exchanges heavily geared towards energy products, as well as soft commodities following its acquisition of the New York Board of Trade. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124547 NYSE Euronext fails to find takers for MCX stake http://www.opalesque.com/Commodities_Briefing/?p=124511 http://www.opalesque.com/Commodities_Briefing/?p=124511#comments Fri, 08 Mar 2013 04:07:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124511 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124511>Article Link</a> NYSE Euronext’s attempts to exit from Multi Commodity Exchange (MCX) on Thursday failed as Citigroup, the banker to the deal, failed to find takers for the stock at the specified price band, sources told ET. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124511 NYSE Euronext to sell its 4.79pct stake in MCX http://www.opalesque.com/Commodities_Briefing/?p=124495 http://www.opalesque.com/Commodities_Briefing/?p=124495#comments Thu, 07 Mar 2013 03:41:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124495 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124495>Article Link</a> NYSE Euronext, which operates the New York Stock Exchange, is selling its 4.79% stake in MCX, the country’s largest commodity exchange. The sale, likely to take place on Thursday, will be at a 3-5% discount to Wednesday’s closing price of Rs 1,058 a share, said a person aware of the development. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124495 UCX to commence trading in April http://www.opalesque.com/Commodities_Briefing/?p=124476 http://www.opalesque.com/Commodities_Briefing/?p=124476#comments Wed, 06 Mar 2013 03:19:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124476 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124476>Article Link</a> India’s sixth nationwide commodity futures trading platform, Universal Comm-odity Exchange (UCX), is set to go live in April this year with at least 10 agri and non-agri commodities in its kitty. The exchange has enrolled a little 200 members for trading on its platform, which is awaiting the issuance of a unique trading code by the regulator, Forward Markets Comm-ission (FMC). (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124476 Shanghai Futures Exchange expected to add after-hours trading this year http://www.opalesque.com/Commodities_Briefing/?p=124475 http://www.opalesque.com/Commodities_Briefing/?p=124475#comments Wed, 06 Mar 2013 03:18:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124475 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124475>Article Link</a> The Shanghai Futures Exchange, the country’s leading commodities market, is expected to launch after-hours trading before the end of the year, in a critical step to gain a foothold in global futures trading. The exchange will further boost its international ambitions by expanding the list of futures contracts in the coming years, including crude oil - one of the world’s most important commodities - said Yang Maijun, general manager of the exchange. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124475 India: Value of trade on commodity exchanges may decline this fiscal http://www.opalesque.com/Commodities_Briefing/?p=124457 http://www.opalesque.com/Commodities_Briefing/?p=124457#comments Tue, 05 Mar 2013 03:34:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124457 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124457>Article Link</a> The value of trade on commodity exchanges is likely to drop for the first time this fiscal since the first commodity futures exchange began functioning in 2002. Two reasons are cited for the trend. One is the current downtrend in the bullion. The other is that some investors shifted to smaller denominations, i.e., mini lots in trade parlance, after gold prices touched Rs 32,000 for 10 gm during the first half of last year. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124457 India: FIIs allowed to trade in exchange-traded currency derivatives http://www.opalesque.com/Commodities_Briefing/?p=124409 http://www.opalesque.com/Commodities_Briefing/?p=124409#comments Fri, 01 Mar 2013 04:04:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124409 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124409>Article Link</a> Foreign Institutional Investors (FIIs) will now be allowed to trade in the exchange-traded currency derivative segment. They will be able to participate to the extent of their Rupee exposure in India. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124409 Singapore’s Cleartrade Exchange launches commodity market data portal http://www.opalesque.com/Commodities_Briefing/?p=124279 http://www.opalesque.com/Commodities_Briefing/?p=124279#comments Wed, 20 Feb 2013 02:53:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124279>Article Link</a> Cleartrade Exchange, the Asian Regulated Futures Exchange, today launched its new Data Centre web portal. The CLTX Data Centre is the only free-to-market portal which consolidates market information for freight and commodity derivatives contracts. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124279 Commodities brokerage swings to European profit on LME sale http://www.opalesque.com/Commodities_Briefing/?p=124278 http://www.opalesque.com/Commodities_Briefing/?p=124278#comments Wed, 20 Feb 2013 02:52:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124278 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124278>Article Link</a> A windfall from the sale of shares in the London Metal Exchange, acquired from collapsed broker MF Global, has helped swing the European arm of one of the world’s largest commodities brokerages into a profit. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124278 NYSE Euronext may exit MCX http://www.opalesque.com/Commodities_Briefing/?p=124149 http://www.opalesque.com/Commodities_Briefing/?p=124149#comments Tue, 12 Feb 2013 04:17:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124149 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124149>Article Link</a> NYSE Euronext (NYX) which acquired 4.79% stake in the Multi Commodity Exchange (MCX) in June 2008, may exit India’s largest commodity exchange. The exit by the world’s leading and most diverse financial market group will give over 100% profit in less than three years on its investment in MCX. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124149 Third exchange goes live, setting up battle in India http://www.opalesque.com/Commodities_Briefing/?p=124148 http://www.opalesque.com/Commodities_Briefing/?p=124148#comments Tue, 12 Feb 2013 04:17:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124148 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124148>Article Link</a> India’s newest stock exchange, the MCX Stock Exchange, started trading shares Monday with thin volumes, taking up a steep challenge to build liquidity and win market share against the dominant National Stock Exchange and the smaller and older exchange, BSE. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124148 New bourse launched in India http://www.opalesque.com/Commodities_Briefing/?p=124131 http://www.opalesque.com/Commodities_Briefing/?p=124131#comments Mon, 11 Feb 2013 03:26:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124131 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124131>Article Link</a> A new stock exchange in India opens for trading on Monday, pitching the country’s main commodity bourse into a three-way battle with the two established incumbents as they look to attract investors around the world. The new venue, MCX-SX, will trade more than 1,100 equities, develop derivatives like futures and options and launch its own index of leading shares, the SX-40. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124131 Open interest in ICE soft commodities climbs to multi-year highs http://www.opalesque.com/Commodities_Briefing/?p=124130 http://www.opalesque.com/Commodities_Briefing/?p=124130#comments Mon, 11 Feb 2013 03:26:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124130 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124130>Article Link</a> Open interest in raw sugar, cotton and arabica coffee markets trading on ICE Futures U.S. continued to rise steadily, reaching the highest levels in up to three years on Feb. 6, exchange data showed on Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124130 ISE and IndexIQ team up to develop physical commodities ETPs http://www.opalesque.com/Commodities_Briefing/?p=124110 http://www.opalesque.com/Commodities_Briefing/?p=124110#comments Fri, 08 Feb 2013 03:21:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124110 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124110>Article Link</a> International Securities Exchange (ISE) and IndexIQ have announced a broad partnership to develop and launch a range of exchange-traded products (ETPs) linked to physical commodities. While ISE is perhaps best known as a US options exchange, the company has an established index business and has recently manoeuvred itself deeper into the fast-growing ETP industry. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124110 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 Japan Exchange happy to talk to foreign bourses, CEO says http://www.opalesque.com/Commodities_Briefing/?p=124070 http://www.opalesque.com/Commodities_Briefing/?p=124070#comments Wed, 06 Feb 2013 03:26:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124070 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124070>Article Link</a> Japan Exchange Group Inc. , created by the merger of the nation’s two biggest bourses, is willing to pursue an alliance or merger with an overseas exchange to drive growth, Chief Executive Officer Atsushi Saito said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124070 NYSE Euronext to cut costs ahead of ICE sale http://www.opalesque.com/Commodities_Briefing/?p=124069 http://www.opalesque.com/Commodities_Briefing/?p=124069#comments Wed, 06 Feb 2013 03:26:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124069 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124069>Article Link</a> NYSE Euronext has pledged to reduce costs further to offset slower trading as it prepares for this year’s planned sale to IntercontinentalExchange (ICE). The global exchange operator reported net quarterly revenue down 11 percent to $562 million on Tuesday and said that it will sell all or part of its 5 percent stake in Mumbai-based commodities market MCX. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124069 Kenya: Commodity exchange market coming soon http://www.opalesque.com/Commodities_Briefing/?p=124015 http://www.opalesque.com/Commodities_Briefing/?p=124015#comments Fri, 01 Feb 2013 03:01:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=124015 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=124015>Article Link</a> The Capital Markets Authority has hired a consultant to guide the formation of a futures exchange market in Kenya. CMA acting chief executive Paul Muthaura said the Pakistan national, with vast experience in futures trading, started work this week. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=124015 Shenzhen Exchange prepares for backlash as carbon trading starts http://www.opalesque.com/Commodities_Briefing/?p=123991 http://www.opalesque.com/Commodities_Briefing/?p=123991#comments Thu, 31 Jan 2013 03:41:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123991 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123991>Article Link</a> Emitters in the Chinese city of Shenzhen may choose to relocate as the city introduces a cap- and-trade program to limit greenhouse gases. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123991 India: Turnover of commodity bourses down 5.5pct in April-December http://www.opalesque.com/Commodities_Briefing/?p=123863 http://www.opalesque.com/Commodities_Briefing/?p=123863#comments Tue, 22 Jan 2013 01:05:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123863 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123863>Article Link</a> The turnover of commodity exchanges fell 5.54 per cent during the April-December period to Rs 1,29,62,447 crore because of decline in bullion trade. “The cumulative value of trade from April 1, 2012 up to December 31, 2012 during the financial year 2012-13 was Rs 129,62,447.62 crore,” market regulator FMC said in its report. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123863 Commodities broker Newedge eyes world’s fastest-growing market http://www.opalesque.com/Commodities_Briefing/?p=123733 http://www.opalesque.com/Commodities_Briefing/?p=123733#comments Mon, 14 Jan 2013 03:34:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123733 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123733>Article Link</a> International metal and commodities broker Newedge, a member of the London Metal Exchange, plans to expand in Asia. Its director of Asian commodities trading, Richard Fu, said Hong Kong Exchanges and Clearing’s recent acquisition of the LME would enhance the broker’s expansion plan. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123733 New highs for SGX’s derivatives & commodities markets in 2012 http://www.opalesque.com/Commodities_Briefing/?p=123637 http://www.opalesque.com/Commodities_Briefing/?p=123637#comments Mon, 07 Jan 2013 04:01:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123637 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123637>Article Link</a> The Singapore Exchange’s derivatives and commodities markets achieved record highs in 2012. However as in most global markets, trading activities declined. Turnover dropped 12 per cent in 2012 to S$321.5 billion. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123637 India: Commodity bourses end 2012 with Rs.174 trillion business http://www.opalesque.com/Commodities_Briefing/?p=123574 http://www.opalesque.com/Commodities_Briefing/?p=123574#comments Wed, 02 Jan 2013 03:40:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123574 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123574>Article Link</a> Commodity futures market remained subdued in 2012 with turnover stagnating at last year’s level of Rs.174 trillion and the government’s Bill to strengthen the regulator FMC (Forward Markets Commission) also getting stuck in Parliament. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123574 Commodities upstart ICE in $8bn takeover of New York Stock Exchange $8bln http://www.opalesque.com/Commodities_Briefing/?p=123570 http://www.opalesque.com/Commodities_Briefing/?p=123570#comments Fri, 21 Dec 2012 04:20:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123570 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123570>Article Link</a> Two centuries of independence for the New York Stock Exchange are set to come to an end after its operator, NYSE Euronext, agreed to sell itself to Inter-continentalExchange, the commodities-focused markets business, in an $8bn (£5bn) deal. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123570 ICE said to be in talks to merge with NYSE Euronext http://www.opalesque.com/Commodities_Briefing/?p=123524 http://www.opalesque.com/Commodities_Briefing/?p=123524#comments Thu, 20 Dec 2012 03:46:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123524 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123524>Article Link</a> An $8 billion exchange merger is in the works that underscores how the global market for derivatives has eclipsed that for stocks. The owner of the venerable New York Stock Exchange is in talks to be acquired by an upstart commodities and derivatives trading platform, according to people briefed on the matter. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123524 How Africa’s first commodity exchange revolutionised Ethiopia’s economy http://www.opalesque.com/Commodities_Briefing/?p=123443 http://www.opalesque.com/Commodities_Briefing/?p=123443#comments Fri, 14 Dec 2012 01:28:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123443 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123443>Article Link</a> Eleni Gabre-Madhin on how a market has empowered Ethiopian farmers by focusing on distribution as well as production. While government leaders, NGOs and corporations devise strategies to churn out more food for future generations, Eleni Gabre-Madhin is taking a different approach. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123443 Indonesia futures exchange to launch 3 commodity contracts http://www.opalesque.com/Commodities_Briefing/?p=123442 http://www.opalesque.com/Commodities_Briefing/?p=123442#comments Fri, 14 Dec 2012 01:28:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123442 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123442>Article Link</a> The Jakarta Futures Exchange (JFX) will launch coal, natural rubber and coffee bean contracts in the first quarter of next year, an exchange director said on Thursday, with the aim of tapping into a surge in interest from new commodity investors. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123442 Polish gas exchange plans face industry resistance http://www.opalesque.com/Commodities_Briefing/?p=123295 http://www.opalesque.com/Commodities_Briefing/?p=123295#comments Wed, 05 Dec 2012 01:25:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123295>Article Link</a> Polish commodity exchange Towarowa Gielda Energii is nearly ready to launch a natural gas exchange, once a few minor regulatory requirements have been met, TGE chief executive Ireneusz Lazor said Tuesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123295 World’s first glass futures lands in China http://www.opalesque.com/Commodities_Briefing/?p=123294 http://www.opalesque.com/Commodities_Briefing/?p=123294#comments Wed, 05 Dec 2012 01:24:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123294 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123294>Article Link</a> The world’s first glass futures landed in Zhengzhou Commodity Exchange on Dec.3. The benchmark price of the first glass futures was 1420 yuan per ton. The contract prices tumbled as soon as the market opened, with the price of major contract 1305 falling 7.18 percent to 1319 yuan per ton. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123294 Takeover approved for Metal Exchange http://www.opalesque.com/Commodities_Briefing/?p=123213 http://www.opalesque.com/Commodities_Briefing/?p=123213#comments Fri, 30 Nov 2012 04:20:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123213 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123213>Article Link</a> Regulators approved the planned takeover of the London Metal Exchange (LME) by Hong Kong Exchanges and Clearing (HKEx). This means the deal to buy one of the City’s oldest – and certainly its most unusual – trading venues could complete as early as 6 December, bringing to an end 135 years of member-ownership. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123213 Ethiopia: Is ECX at it again? ECX’s upcoming procurement bid http://www.opalesque.com/Commodities_Briefing/?p=123212 http://www.opalesque.com/Commodities_Briefing/?p=123212#comments Fri, 30 Nov 2012 04:20:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123212 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123212>Article Link</a> The Ethiopia Commodity Exchange (ECX) is currently conducting a high-ticket international procurement - the first of its kind since a multi-million dollar bid was busted in 2010 due to alleged fraud and corruption during the bidding process. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123212 ICE Futures to restart daily carbon trading http://www.opalesque.com/Commodities_Briefing/?p=123164 http://www.opalesque.com/Commodities_Briefing/?p=123164#comments Wed, 28 Nov 2012 03:32:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123164 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123164>Article Link</a> IntercontinentalExchange, the operator of Europe’s largest carbon trading platform, is to lift a near two-year shutdown of trading in daily emissions futures after regulators improved oversight. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123164 HKEX’s long term commodities play http://www.opalesque.com/Commodities_Briefing/?p=123150 http://www.opalesque.com/Commodities_Briefing/?p=123150#comments Tue, 27 Nov 2012 01:07:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123150 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123150>Article Link</a> The Hong Kong Exchanges and Clearing’s (HKEx’s) recent £1.4bn purchase of the member owned London Metal Exchange (LME) certainly raised a few eyebrows. At 180 times trailing net income, it ranked as the most expensive of any bourse deal above $1bn since 2000, according to data compiled by Bloomberg. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123150 Barclays quits London Metal Exchange open outcry trade http://www.opalesque.com/Commodities_Briefing/?p=123115 http://www.opalesque.com/Commodities_Briefing/?p=123115#comments Fri, 23 Nov 2012 03:51:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123115 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123115>Article Link</a> Major commodities player Barclays quit open outcry floor trading at the London Metal Exchange (LME) on Thursday, downgrading its membership at the world’s biggest marketplace for industrial metals to cut costs. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123115 China’s DCE signs memo with Korean Exchange http://www.opalesque.com/Commodities_Briefing/?p=123114 http://www.opalesque.com/Commodities_Briefing/?p=123114#comments Fri, 23 Nov 2012 03:50:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=123114 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=123114>Article Link</a> The Dalian Commodity Exchange on Thursday signed a cooperation memorandum with the Korean Exchange in a bid to boost its global presence. The DCE is China’s largest futures market for agricultural goods. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=123114 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 Commodities exchange trade steps forward towards insolvency http://www.opalesque.com/Commodities_Briefing/?p=122995 http://www.opalesque.com/Commodities_Briefing/?p=122995#comments Fri, 16 Nov 2012 03:14:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122995 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122995>Article Link</a> Venezuela was the first state to request back the physical gold it has stored outside of its borders, followed by Germany and Romania last month. Now, Ecuador is also requesting back its physical gold. What are all these states afraid of? (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122995 NSEL inks pact with Belarus Commodity Exchange http://www.opalesque.com/Commodities_Briefing/?p=122994 http://www.opalesque.com/Commodities_Briefing/?p=122994#comments Fri, 16 Nov 2012 03:14:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122994 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122994>Article Link</a> Financial Technologies promoted National Spot Exchange (NSEL), India’s largest electronic commodity spot exchange, has signed a memorandum of understanding (MoU) with Belarusian Universal Commodity Exchange (BUCE), the largest Commodity Spot Exchange in Belarus for facilitating trade with countries in the eastern Europe. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122994 Abuja Commodity Exchange to commence use of ware house receipt system in 2013 http://www.opalesque.com/Commodities_Briefing/?p=122993 http://www.opalesque.com/Commodities_Briefing/?p=122993#comments Fri, 16 Nov 2012 03:14:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122993 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122993>Article Link</a> The federal government has commenced the process of transforming the Abuja Securities and Commodity Exchange into a first-class commodity exchange as part of the Ministry of Trade and Investment’s plan for the nation’s industrial revolution. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122993 Record high volume growth in derivatives, commodities, says SGX http://www.opalesque.com/Commodities_Briefing/?p=122824 http://www.opalesque.com/Commodities_Briefing/?p=122824#comments Mon, 05 Nov 2012 04:01:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122824 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122824>Article Link</a> Volume growth in derivatives and commodities trading and clearing hit a record high last month, but the securities market activity declined, said the Singapore Exchange (SGX). (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122824 EU lawmakers could push more commodities trade to exchanges: ISDA http://www.opalesque.com/Commodities_Briefing/?p=122744 http://www.opalesque.com/Commodities_Briefing/?p=122744#comments Tue, 30 Oct 2012 04:19:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122744 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122744>Article Link</a> The European Parliament’s vote on the EU’s proposed Market in Financial Instruments Directive and Market in Financial Instruments Regulation could restrict choice for investors and push more commodities trade toward exchanges, financial trading association the International Swaps and Derivatives Association warned Monday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122744 NYSE Euronext to shut carbon-trading exchange in Europe http://www.opalesque.com/Commodities_Briefing/?p=122714 http://www.opalesque.com/Commodities_Briefing/?p=122714#comments Mon, 29 Oct 2012 02:50:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122714 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122714>Article Link</a> NYSE Euronext will close a European carbon-trading exchange following a decline in trading and a series of scandals that rocked the region’s emissions market in recent years. Paris-based BlueNext SA, majority-owned by the Big Board parent, will cease operations on Dec. 5, according to a spokesman for the market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122714 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 Nasdaq OMX and China’s Dalian Commodity team up http://www.opalesque.com/Commodities_Briefing/?p=122590 http://www.opalesque.com/Commodities_Briefing/?p=122590#comments Thu, 18 Oct 2012 03:39:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122590 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122590>Article Link</a> U.S. market operator Nasdaq OMX and Chinese firm Dalian Commodity Exchange unveiled a partnership Monday to seek new business opportunities in China and globally. The two companies pledged in a memorandum of understanding to “carry out extensive and in-depth cooperation in terms of visits, information sharing, trading technology and consulting services,” they said in a statement. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122590 HKEx CEO: LME buy will bring new commodity products http://www.opalesque.com/Commodities_Briefing/?p=122536 http://www.opalesque.com/Commodities_Briefing/?p=122536#comments Tue, 16 Oct 2012 03:51:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122536 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122536>Article Link</a> Hong Kong Exchanges and Clearing Ltd.’s deal to buy the London Metal Exchange will lead to new commodity offerings and provide the best opportunity for exposure to Chinese growth and liberalization, Hong Kong Exchanges’ Chief Executive Charles Li said Monday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122536 Commodity exchange battleground switches to “swaps” http://www.opalesque.com/Commodities_Briefing/?p=122502 http://www.opalesque.com/Commodities_Briefing/?p=122502#comments Fri, 12 Oct 2012 03:33:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=122502 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=122502>Article Link</a> Two of the world’s top commodity exchange powerhouses are scrambling to turn new regulations to their advantage in an important but largely hidden piece of their business, the trading and clearing of energy swaps. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=122502 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