31.01.2013 - Commodities trading becoming more complex
BP hosted an entertaining table outside the annual conference of the Commodity Markets Council, a US trade group, held in Florida this week. Visitors could sit at laptops and simulate trading WTI oil futures. I made a virtual $409,500 in 10 minutes, a feat that might seem impressive were I not down $100,000 in the first five. The simple exercise of going long or short crude stood out as an anomaly at a conference where the increasing complexity of trading commodities emerged as a theme. This is posing a challenge both to companies and to regulators seeking to peer more deeply into their trading operations...............................................Full Article: Source
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