The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue.
New York Mercantile Exchange (Nymex) and clearing house LCHClearnet will team up to offer two energy contract slates, one cleared by Nymex ClearPort in New York and the other cleared by LCH in London.
UBS has announced the launch of the UBS Bloomberg CMCI Food Index which will be available through a variety of funds, exchange traded commodities and UBS structured products. The index is available in US dollars, euros and Swiss Francs and covers 13 commodities...
The new UBS Bloomberg CMCI Food Index provides direct exposure to the food sector.
MF Global, which announced $141.5 million losses from a single rogue trade earlier this week, had deliberately disabled controls on its US internal trading terminals to speed up processing of voice orders, chief executive Kevin Davis admitted yesterday.
Crude oil futures closed at a record $102.59 on the New York Mercantile Exchange (Nymex) Thursday.
Interdealer broker MF Global has lost $141.5 million after it was forced to cover trading losses made by one of its employees.
Meteor Asset Management has launched a protected commodities plan which allows investors to participate in the performance of a basket of eight equally-weighted hard and soft commodities at a rate of either 130% or 165%.
Crude oil for March delivery rose 73 cents to finish at a new record closing high of $100.74 a barrel on the New York Mercantile Exchange (Nymex) today.
Macquarie has an enviable experience in the commodities and softs markets both trading and structuring products, so it was only logical it has put this to work in a hedge fund format, writes David Walker
CME's potential acquisition of Nymex will have major ramifications for rivals, say analysts. David Watkins reports
The potential creation of the world’s largest exchange will strengthen rivals’ urge to merge, say analysts. David Watkins reports.
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 IntercontinentalExchange...