CME Group
Massad sees exchange role in policing CFTC position limits
US exchanges could stay in charge of granting bona fide hedge exemptions to end-users as part of the new federal position limits regime, CFTC chairman suggests
Former enforcement chief takes top job at Ferc
BAML promotes Ahmad to co-head; Coolidge leaves Velite; Black joins Wells Fargo; StanChart loses sales head; Freepoint adds oil traders
Energy firms hammer CFTC over position limits rule
The bona fide hedge exemptions in the CFTC's proposed position limits rule have come under attack from energy companies
Hedging commodity exposure in international markets
An increasingly diverse set of market participants require agricultural price risk management tools that can not only match current needs but can also adapt to future market developments
Managing risk in agricultural commodities
Agricultural commodities are rarely written about in the mainstream financial media, and often only hit the headlines when an extreme weather event or natural disaster affects supply and prices.
Head of metals trading leaves Credit Suisse
Emea power head leaves Citi; Noble makes two new hires; Morgan Stanley hires BAML's Felgate; Ex-Deutsche MD joins consultancy; CME energy chief departs
CFTC slammed for using ‘ancient’ position limits data
Energy firms are criticising the CFTC's proposed rule on commodity derivatives position limits under Dodd-Frank, saying it relies on decades-old data to set spot-month limits
Former CME Group energy head Morsches to leave
Gary Morsches, the New York-based former head of energy at CME Group, is to leave in early 2015, following the appointment of Martin Fraenkel as global head of energy
Mercuria appoints top team following JP Morgan sale
CME Group cuts global headcount by 5%; Deutsche oil trading heads depart; NextEra hires Barclays's Jee; EDF appoints Goldman sales head; Radhakrishnan leaves CFTC
Energy Risk Asia Exchange of the Year: CME Group
CME Group is seeing growing volumes thanks to a concerted effort to market its international energy products to Asian trading firms
Fragmentation seen holding back Canadian oil derivatives
The existence of several rival price indexes for Western Canadian Select is hindering the growth of financial trading in heavy crude oil from Alberta, market participants say
Derivatives trading rises in North American regional crudes
As North American crude oil production surges, liquid financial markets are developing around grades such as Louisiana Light Sweet, Western Canadian Select, Mars and Midland, changing the behaviour of both physical hedgers and financial traders…
More US oil producers hedging with non-WTI crudes
Increased volatility pushes oil producers to hedge with LLS, WCS and other regional crudes
Coal derivatives market fired up by new participants
Commodity traders and physical producers move into coal derivatives as major banks retreat
Study casts doubt on mandatory futures insurance
Mandatory insurance for assets held by futures brokers would be extremely costly, concludes industry-backed report
Revived Dodd-Frank position limits worry energy firms
The US Commodity Futures Trading Commission is gearing up for another big fight over position limits, after its original rule was rejected by a federal court. The agency’s latest proposal, released in November, gives market participants little reason for…
Critics assail industry-sponsored study on HFT
Critics say industry-sponsored study into impact of high-frequency trading in futures markets is flawed
Liquidity improves in Canadian heavy oil derivatives
Trading in derivatives linked to Western Canadian Select (WCS) heavy crude oil has jumped in the past few years, giving the country's producers improved opportunities to hedge. But the lack of a unified WCS price index has made it difficult for liquidity…
Ferc chairman to step down
Glencore Xstrata poaches Morgan Stanley LNG team; CME Group adds former bank commodity head; Tullett Prebon hires Icap weather broker; LME chief executive resigns; SEB replaces commodity chief
Exchanges plan futures in response to RIN price surge
CME Group and Ice plan to roll out futures based on biofuel Renewable Identification Numbers
Futurisation worries end-users of OTC energy derivatives
Regulation has caused much of the over-the-counter energy derivatives market to move to exchange-traded futures. While many market participants welcome the shift, derivatives end-users worry that it could harm their ability to hedge. Alexander Osipovich…
LNG derivatives suffer from lack of liquidity
The growth of LNG fuelled high hopes for the LNG derivatives market, causing exchanges to launch a variety of contracts during 2012. But firms say there’s a long way to go before a liquid market emerges. Jay Maroo investigates
Turning points: DME’s Christopher Fix
Christopher Fix, the new chief executive of the Dubai Mercantile Exchange, talks to Gillian Carr about his ambition to increase participation in the firm’s flagship Oman crude contract
Lack of critical mass in biomass
Growth in the use of biomass has led clearing houses to list derivatives referencing the organic fuel source, while some experimentation has also taken place within the over-the-counter markets. But these efforts are yet to yield substantial success. Jay…