Commodity markets
OTC space braces for energy powerhouse
CME's potential acquisition of Nymex will have major ramifications for rivals, say analysts. David Watkins reports
Bullish on bullion
Gold
A new direction?
Structured products
CME offer for Nymex leaves ICE in the cold
The potential creation of the world’s largest exchange will strengthen rivals’ urge to merge, say analysts. David Watkins reports.
Commodities trading volumes boom in 2007
Trading volumes of commodities on the Chicago Mercantile Exchange’s Globex platform, consisting of New York Mercantile Exchange (Nymex) energy contracts and Comex metals, reached record levels in 2007, as did annual volumes at Atlanta-based…
Product round-up
News
Asia: a new direction?
Markets
Nymex Launches Green Exchange
Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex), is to form a new exchange trading environmental futures, options and swaps contracts.
Open outcry fading away as Nymex fends off rivals
New York Mercantile Exchange (Nymex) chairman Richard Schaeffer said today that 80% of the exchange’s business is now done electronically, as the open outcry trading floor becomes “less and less meaningful”. He also outlined ambitious plans for 2008, and…
Falling for fashion
Conference report
Spot the difference
Commodities
Something Mifid this way comes
European conference
Growing pains
Commodities
ETF Securities offers more access to commodity futures
ETF Securities (ETFS) has launched four more exchange traded commodities (ETCs) on the London Stock Exchange which will give investors exposure to commodity futures prices. The commodities will track the Dow Jones-AIG three-month forward indexes for…
JP Morgan launches commodity curve index
JP Morgan has launched its Commodity Curve Index (JPMCCI), a family of passive benchmark indices that are curve-neutral and diversified across a broad universe of commodities. The index captures investment opportunities across the futures curve while…
ETF Securities hits $2bn AUM mark on back of commodity boom
ETF Securities has pushed through the $2bn mark for assets under management (AUM), following massive growth of its exchange traded commodities. The provider has recorded an increase of 680% in 2007 alone, rising from $250m AUM at the end of 2006.
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
Amaranth denied by court
A New York judge has denied Amaranth Advisors’ request to prevent the Federal Energy Regulatory Commission (Ferc) from pursuing legal action against it while it was being sued by another federal agency.
Growing pains
Wheat
ETF round-up
News