Commodity derivatives
US courts restrict reach of Commodity Exchange Act
Recent cases make it harder to pursue instances of overseas misconduct
Final US position limits rule will take ‘at least a year’
CFTC expected to draft a narrow list of contracts in scope
Esma adviser says position limits to be published in Nov
Task force member warns of market “disorder” in tight window before Mifid II goes live
Too little, too late: Esma data won’t fix energy firms’ Mifid woes
Data confusion and unworkable exemption timeframe risk commodity market disruption
Esma to publish Mifid II commodity market data by July
Data vital to establish if firms are in Mifid II, but it will be incomplete, agency says
Mifid trading rules cast a shadow over position limits
Contracts caught will depend on trading obligation rules that are still unclear
What financialisation means for oil: Ilia Bouchouev of Koch
Investor demand now drives oil prices as much as physical fundamentals
Mifir transparency rules could capture illiquid packages
Criteria to assess which package transactions are liquid are too broad, industry warns
‘Wrong type of liquidity’ spells trouble for energy hedges
Cyclical lull conceals structural shift as liquidity becomes shorter-dated and more flighty
Vietnam plans to streamline commodity hedging rules
Regulator to simplify approval process for trades, but the market will take time to develop
Plastics hedging rising amid US chemical industry boom
Several obstacles limiting potential growth, say plastics market participants
India hesitates on physical settlement for commodity options
Sebi wrestling with shoddy warehousing infrastructure
Massad denies silencing position limits analysis
CFTC economists stopped from critiquing proposed rule due to “priorities”, not politics
Commodity premia: It’s all about risk control
Strategies based on commodity risk premia can be rewarding – but beware common pitfalls
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Asia oil dealer of the year: BNP Paribas
Bank assists producers and consumers in the face of dramatic moves in oil markets
Energy firms blast new Mifid II rules on commodities
Industry expects ‘serious negative consequences’ from Esma proposals
CFTC’s Giancarlo backs phased approach to position limits
Agency should wait before implementing non-spot-month limits, commissioner says
FCMs try to ‘off-board’ credit and commodity funds
Fee hikes are being used to drive out clients that hog capital
Goldman Sachs names global commodity sales head
Other commodities moves at Castleton, Natixis, TrailStone and VTB Capital
Mifid II adjustments fail to ease energy firms' worries
Revised ancillary business exemption would still catch large and mid-sized utilities
New rules 'redefining' commodities market – Citi’s Staley
Regulation and oil prices are two biggest trends, says commodities head
Metals house of the year: SG CIB
Barclays and Jefferies Bache deals highlight bank’s commitment to metals
Derivatives house of the year: Citi
Bank wins with help of book purchases and willingness to take on trickier trades