Emta protocol salve aside, peso settlement rate snafu is a warning for emerging market FX derivatives
Several obstacles limiting potential growth, say plastics market participants
Swaps unit of commodity trading giant describes increasing need for derivatives on resins prices
Swap dealer unit of US commodity merchant expands global reach
Commodity firms blast CFTC over hedge exemptions to position limits
A swap dealer’s products and services should offer the necessary flexibility and control to respond in real time to market volatility and changing business dynamics
Commissioner questions need to slash de minimis level to $3 billion
Training programmes, innovation and risk-taking among top traits
Swap dealers playing a guessing game while complying with CFTC rules
Rules are uphill battle for non-financial firms, says compliance chief
Fontaine leaves BNP Paribas; GDF Suez hires Standard Bank coal head; Trafigura opens Moscow office; LME names new CEO; Morgan Stanley hires oil trader
The rapid growth of commodity trading houses has led critics to question whether these firms have become a source of systemic risk. But trading houses strongly reject such arguments, and suggest they are little more than paper tigers. Alexander Osipovich…
Senior energy trader exits JP Morgan; New Morgan Stanley gas origination team; Giancarlo nominated for CFTC role; Costantino joins Cargill; Noble nabs Shell power trader
Eye to the east
On the move
Entire palm and vegetable oil trading team exits trading house
Members of the US House Agriculture Committee voiced concerns today that government proposals for regulating over-the-counter derivatives would negatively affect end users.
New York-based financial services group Refco has agreed to buy Cargill Investor Services (CIS) from its parent, agricultural group Cargill, for up to $400 million.
Cargill Investor Services, the futures and options broking unit of commodities trading company Cargill, has joined the Italian Derivatives Market (IDEM) - part of the Borsa Italiana - as a general clearing member.
David Vitale has resigned as president and chief executive of the Chicago Board of Trade (CBOT). Bernard Dan, an executive vice-president at the exchange who joined from Cargill Investor Services in 2001, where he was president and chief executive, will…