CME Group
LME had four-hour operational failure in Q4
First outage on record caused by connectivity issue at LMEmercury
Shale, pipelines and hubs: turmoil ahead for US gas hedging
Recent changes in US natural gas markets are shifting long-standing correlations and impacting the functionality of hedging instruments, say analysts
DRW calls for physical settlement of bitcoin futures
Prop shop’s head of market structure says underlying spot exchanges are not transparent enough
Bitcoin futures pricing kindles manipulation fears
CME and CBOE insist pricing methodology is robust; critics say contracts are ripe for manipulation
FCMs look to top up initial margin on bitcoin futures
In advance of bitcoin futures launch, brokers seek extra IM buffer from clients
Onus to check swap data should be on counterparties – SDRs
CME, Ice and DTCC oppose duty to reach out to non-reporting party for data verification
Commodity swap data goes from bad to worse
Lack of regulatory guidance, collaboration and market confusion continue to plague SDR reports
Asian exchanges jostle to claim LNG derivatives market
SGX and Platts hope to capitalise on physical hedgers, who remain pensive
People: Jacob Frenkel joins CME’s markets advisory think-tank
Recent changes at CME, S&P Global, CFTC, Ice, ANZ, Euronext, Finra and Eti
‘Wrong type of liquidity’ spells trouble for energy hedges
Cyclical lull conceals structural shift as liquidity becomes shorter-dated and more flighty
Hedge fund Citadel hires nat gas chief from Hartree
Mercuria hires Morgan Stanley commodities chief; SocGen Asia energy sales head moves to CME; Lindt named Danske CEO; Commonwealth Bank hires head of commodities structuring; Freepoint hires Cofco agriculture heads; Uniper appoints Nordic region GM;…
Plastics hedging rising amid US chemical industry boom
Interest in plastics derivatives is rising as a result of changing market dynamics, but major obstacles still limit its growth potential, finds Stella Farrington
Nasdaq energy futures face questions over ‘artificial’ volume
One year on, NFX faces uphill battle to draw commercial hedgers
Exchanges spar with CFTC over hedge exemptions
Latest tweaks to position limits rule draw ire of CME and Ice
CFTC automated trading proposal worries energy firms
US power and gas companies surprised to learn they may need to register as algorithmic traders
SDRs urge CFTC for more help on data harmonisation
Regulator’s swap data woes are “absolutely solvable”, SDR chiefs say at meeting of the CFTC’s Technology Advisory Committee
Asia exchange of the year: DME
Thanks to a series of innovative initiatives, the Dubai Mercantile Exchange continues to draw market participants to its flagship Oman crude oil futures contract
CFTC’s Giancarlo backs phased approach to position limits
The CFTC should implement speculative position limits for the spot month first, before imposing non-spot-month limits, says commissioner Chris Giancarlo
Nasdaq energy futures face liquidity challenge
New energy futures exchange seeks to win market share from CME Group and Ice with cheaper lookalike contracts, but traders say it faces an uphill battle to attract liquidity
Trading calendar spread options on energy futures
This excerpt from the new CME Group white paper on calendar spread options (CSOs) explains what CSOs are and how they are used in crude oil and natural gas markets.
Kraft allegations raise concern among energy end-users
A CFTC complaint against the successor firms of Kraft Foods is a good indicator of how it might deal with end-users holding dominant positions in other markets, say panellists at Energy Risk Summit USA