Intercontinental Exchange (Ice)
EU lags UK on commodity position limits – RWE
German energy firm urges EU to follow UK in handing position limit powers to trading venues
US carbon trade surviving below the radar
As the Trump administration refuses to address climate change both at home and abroad, a growing number of states are taking the lead, but will this enthusiasm reignite US environmental trading markets?
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
BAML hires new US head, Ice names model risk head, and more
Ice hires new director of model risk management, EEX appoints senior manager of agricultural commodities, new chairman of Baltic Exchange Advisory Council, and more
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
People: Jacob Frenkel joins CME’s markets advisory think-tank
Recent changes at CME, S&P Global, CFTC, Ice, ANZ, Euronext, Finra and Eti
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
US gas price reporting drop raises questions about indexes
Jitters about regulatory risk have caused a growing number of energy firms to stop reporting their US natural gas trades to Platts and other index publishers. As reported transaction volumes fall, can the indexes still be trusted?
Fall in US gas hub liquidity hampers derivatives market
Surging shale gas production in the northeast US has undermined Platts’ Gulf Coast indexes and derivatives contracts that rely on them
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
Report highlights decline in US gas price reporting
Fewer US energy firms are reporting gas trades to Platts and other index publishers, amid shifts in market structure and fears of regulatory risk
Commodity derivatives lead the way for OTC reform
Enron proved merits of bottom-up evolution, not change imposed from above
Lynton Jones laments IPE's hesitation over electronic trading
Lynton Jones, the IPE’s former chief executive, tried hard to promote electronic trading in Brent futures. But those efforts met with strong resistance, he tells Mark Pengelly
Oil market faces tight deadline for Ice Brent protocol
As Ice prepares to shift Brent expiry calendar on December 6, Isda releases protocol to enable orderly transition of OTC market
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…
Ice Brent changes prove a hard pill to swallow
Ice says a plan to shift the expiry dates of futures and options on Brent crude oil is an important fix that will tighten the link between the physical and futures markets. However, carrying out the necessary changes could be painful for market…