MarketVoice News
-
Insight: Oil Prices: A Study in Hedging Against Unpredictable Prices
Watching oil prices crash below $30 a barrel is a sobering lesson in the limits of our ability to predict the future. I was at the helm of the CFTC in 2008 when the price of oil topped $145 a barrel. At the time, certain members of the “Peak Oil” crowd were predicting $200 per barrel by that year’s end. As recently as last year, the U.S. Energy Information Administration forecast that Brent crude oil prices would average $58 per barrel in 2015 and $75 per barrel in 2016. EIA is now predicting Brent prices will average $38 per barrel in 2016, almost 50% lower than last year’s forecast.
CONTINUE READING -
MAC Swaps: An Analysis of Trading Trends in 2015
Several years ago a group of buy-side firms came together in an effort to lead the interest rate swap market towards greater standardization of contract terms.
CONTINUE READING -
Cross-Border Oversight
The Securities and Exchange Commission on Feb. 10 adopted rules setting out how the agency will determine whether or not a non-U.S. security-based swap dealer must register with the agency.
CONTINUE READING -
CCP Recognition
LCH.Clearnet announced it has received formal clearinghouse status from the Monetary Authority of Singapore.
CONTINUE READING -
SEG Funds
On Jan. 22 NFA updated its regulations regarding customer protection requirements for futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors.
CONTINUE READING -
MiFID Delay
As widely expected, the European Commission announced on Feb. 10 that it has officially proposed a one-year extension for implementing Markets in Financial Instruments Directive II (MiFID II).
CONTINUE READING -
Stronger Links with China
Hong Kong Exchanges and Clearing unveiled a new three-year strategic plan in January that sets ambitious goals for expanding its equity derivatives business, expanding the product services offered by the London Metal Exchange, entering the physical commodity markets in mainland China and introducing derivatives based on Chinese interest rates.
CONTINUE READING -
People - March 2016
Tullett Prebon named veteran futures industry executive Nicolas Breteau (pictured) as chief commercial officer, based in London.
CONTINUE READING -
Open Outcry
The London Metal Exchange in February unveiled its newly built Ring, the exchange's open-outcry trading floor, after relocating to Finsbury Square in London.
CONTINUE READING -
U.S. regulators seek market feedback on treasury market evolution
On Jan. 19 the Treasury Department issued a request for information (RFI) on Treasury market structure, including both cash and futures trading.
CONTINUE READING
