CME Group
CME launches crude palm oil contract
A dollar-denominated, cash-settled crude palm oil futures contract will begin trading on CME Globex on May 23, 2010 under a partnership between CME Group and Bursa Malaysia.
First snowfall trade cleared on CME
Choice Environmental, a portfolio company of OTC Global Holdings (OTCGH), has brokered the first CME-cleared snowfall hedging risk instrument – a snowfall binary option contract for Detroit.
CME accepts gold as collateral for trades
The clearing house of global exchange CME Group - CME Clearing - has announced it will now accept gold as collateral for trades on the exchange.
Exchanges disagree over position limits plan
The CME Group has pre-empted long-awaited action from the Commodity Futures Trading Commission (CFTC) to implement position limits for energy trading, publishing its own suggestions for a regime.
US House Ags Committee reviews Treasury derivatives plan
Members of the US House Agriculture Committee voiced concerns today that government proposals for regulating over-the-counter derivatives would negatively affect end users.
CME calls for limits across markets
Chicago-based CME Group has published details of a proposed hard-limits regime, calling on all exchanges to adopt the same measures.
In the clear
The trend away from uncleared over-the-counter trading to cleared OTC trading has prompted exchanges to list a greater range of OTC cleared products. But to what extent can the OTC markets ever become completely cleared? Katie Holliday investigates
All Clear?
Despite a recent large increase in volumes, clearing for commodities remains a contentious issue, with little agreement on what the best business model should be, and insufficient standardisation, say market participants. Rachel Morison investigates
One stop shop
The world’s biggest commodity exchanges continue to expand the range of products they offer, often into diverse commodity classes. Rachel Morison looks at the benefits and drawbacks for traders as commodity exchanges branch out beyond their traditional…
A fertile future
The CME is hoping its introduction of fertiliser futures will protect the industryfrom fluctuations in the price of natural gas – a vital ingredient in mostnitrogen fertilisers. But is it a case of too little too late? By Paul Lyon
Chicago Mercantile Exchange to list European weather contracts
The Chicago Mercantile Exchange (CME) has started offering European weather derivatives, referenced on five cities’ temperatures.
Warming to the exchanges
Weather derivatives may not be the most widely traded product on exchanges, but new initiatives and strong trading volume at the Chicago Mercantile Exchange bode well for the development of a mature exchange-traded market. Paul Lyon reports
Management buys out SG’s weather and cat bond funds
Société Générale’s (SG) weather derivatives team completed an amicable management buyout of the weather division at the French bank. The buyout creates what is believed to be the largest range of dedicated weather derivative and catastrophe bond funds,…