Exchanges
Steel industry looks to iron ore swaps
Steel producers remain sceptical of the benefits of hedging with futures contracts. Now interest in iron-ore derivatives could offer another way for steel players to hedge risk, finds Katie Holliday
Majors' contango play set to fade
Oil companies that profited from storing oil amid falling prices are unlikely to to see similar returns as the longer-term economic picture begins to brighten. Pauline McCallion reports
Industry prepares for OTC regulation debate
The US Government has initiated what is set to be a lengthy and complex debate over proposals for the regulation of over-the-counter derivatives, finds Pauline McCallion
CME Group launches ethylene futures clearing services
CME Group has launched clearing services for a new Mont Belvieu ethylene futures contract, available June 14 for trade date of June 15.
Launch of Indian Bullion Market Association
The Indian Bullion Market Association (IBMA), a national level body representing the Indian bullion trade and industry, was launched today in alliance with Mumbai-based National Spot Exchange (NSEL.)
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
ASX to launch coal futures on July 7
Australian Securities Exchange (ASX) has received regulatory clearance to launch its physically delivered thermal coal (FOB Newcastle) futures and options contracts on July 7.
Eurex launches silver derivatives
Derivatives exchange Eurex has announced that from June 15, it will extend its commodity product offering with new silver futures and options.
CME Group to launch cleared petroleum swaps
CME Group will launch a clearing service for eight new Nymex petroleum swap futures contracts on May 31.The contracts will be cleared through CME Clearport and are expected to appeal to both US and European airline industry for hedging and to the US…
US Treasury outlines OTC regulation plan
The Obama Administration has proposed a regulatory framework for all over-the-counter (OTC) derivatives contracts.
Regulator expands energy panel to examine carbon trading
The Commodity Futures Trading Commission (CFTC) has appointed 11 members to a newly expanded panel established to prepare the government for carbon trading.
Icap launches iron ore broking service
Interdealer broker Icap has set up an iron ore derivatives broking service based in London.
Platts price assessment proposals face scrutiny
Questions have been raised in the energy trading sector about Platts' decision to align its US fixed price and differential crude oil and products assessments at 3.15pm eastern time (ET).
Rubber volumes fail to improve despite Tocom's extra trading hours
Rubber trading volumes have failed to be boosted by a revamped trading system launched this week on the Tokyo Commodity Exchange (Tocom).
LCH.Clearnet to clear iron ore swaps
London based clearing house LCH.Clearnet has announced that it will clear over the counter (OTC) iron ore swap contracts before the end of May.
OTC Global Holdings announces new crude options brokerage
New York based interdealer broker, OTC Global Holdings (OTCGH), has launched a new crude options brokerage called Riviera Commodities.
CME to launch grain calendar spread options
The CME Group has announced calendar spread options for corn, wheat, soybeans, soybean meal and soybean oil futures will be available to trade on the exchange from June 1, 2009.
Japanese brokers face testing times
Plummeting volumes in Japan's commodity futures markets have forced many Japanese commodity brokerages out of business. Katie Holliday reports