
Nymex calls for full ICE regulation
James Newsome, Nymex president, told the Permanent Subcommittee on Investigations today that markets such as ICE "should be subject to the full regulation of the CFTC" in a testimony given at a hearing examining the collapse of hedge fund Amaranth and the over-the-counter (OTC) energy marketplace in which it took place.
The Levin-Coleman report is the result of a nine month investigation into the collapse of the hedge fund after it lost $6.6 billion in natural gas trades in 2006. It calls for
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Commodity derivatives
Bachelier – a strange new world for oil options
Model tuned to negative prices has implications for pricing, margining and delta hedging
Asian LNG derivatives trade surges on increased hedging
Expectations grow that a long-awaited Asian gas derivatives market is emerging
US courts restrict reach of Commodity Exchange Act
Recent cases make it harder to pursue instances of overseas misconduct
Esma releases first crop of position limits
Regulator moving away from publishing all limits in November
Carbon life force: derivatives defy coal's bleak future
Coal producers shorting volatility to collect premium, say traders
Plastics hedging rising amid US chemical industry boom
Several obstacles limiting potential growth, say plastics market participants
Q&A: French regulator defends Mifid II commodity rules
Mifid II won't hit energy hedging, Esma task force member says
Revenue put options gain popularity in US power markets
Morgan Stanley seen as top dealer in emerging risk management niche