Commodities archive
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EMIR 3.0, cyber resilience top discussions at FIA Forum Stockholm
Stockholm may seem to be on the periphery of Europe from a geographical perspective. But when it comes to the major issues impacting the European derivatives markets, it’s right in the thick of the action. FIA came to Stockholm for the first in a series of forums around Europe with regulators, exchanges, brokers, clearing firms, and other market participants. Three topics dominated the discussions: location requirements for central clearing, the implications of the ION Markets ransomware attack, and the imposition of a price cap on gas markets.
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FIA files position paper on proposed MiFID II/MiFIR changes in relation to commodities
FIA and six other trade associations have jointly submitted a position paper to the European Commission, the European Parliament and a number of member states of the Council in relation to commodities and commodity derivatives ahead of a trilogue process on proposed amendments to MiFIR and MiFID that will commence on 18 April.
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Voluntary carbon markets need standards to thrive, futures industry experts say
US farmers are eager to enter the voluntary carbon market, but concerns about the validity of what is being traded is causing them to hold off from participating, according to Amanda Cain, a managing director at Société Générale, a French bank that runs one of the largest futures trading and clearing businesses in the world.
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Futures exchanges and market makers decry impact of price caps on EU gas futures
Speaking at FIA Boca on 16 March, senior executives at two leading European energy exchanges warned that the cap on prices – known as the "market correction mechanism" – will distort prices and drive hedgers into other markets.
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FIA Board Chair testifies before US House Committee
The US House Agriculture Committee held a committee hearing March 9 titled "Rising Risks: Managing Volatility in Global Commodity Derivatives Markets.”
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CFTC advisory committee discusses electricity market opportunities and challenges
The US Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee (EEMAC) held a meeting on February 28 in Nashville, Tennessee. This EEMAC meeting - the second under the sponsorship of Commissioner Summer K. Mersinger – focused on electricity.
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Commodity trends to watch this year
Last year was a rollercoaster for energy and commodity markets. Will markets return to business as usual in 2023 or have some been transformed in the aftermath of last year’s events? Here, we highlight key themes and events that emerged in 2022 and look at how they may play out this year.
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Viewpoint – Issues to watch in global derivatives markets
Global cleared derivative markets are made up of a wide variety of participants, from different geographies and different business disciplines. But surprisingly, many of my conversations to start 2023 have focused on a few key priorities.
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China further expands international access to its commodity markets
The Zhengzhou Commodity Exchange and Dalian Commodity Exchange have opened several key commodity futures and options contracts to overseas traders, capping off a year that has seen China take significant steps to remove barriers to international participation.
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FIA and ISDA seek clarity CFTC position limits swaps rule
FIA and ISDA filed a petition seeking clarity on the definition of swaps that will be subject to the CFTC position limits rule. Beginning January 1, 2023, the CFTC limits will apply to "economically equivalent swaps,” which is to say, swaps that have identical material contractual terms to futures and options that are subject to the federal limits. The petition asks the CFTC to exercise its authority under the rule to clarify the definition of economically equivalent swaps to allow market participants to comply with the limits and implement effective position monitoring systems and processes.
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