Commodity Derivatives

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of a whitepaper, “OTC Commodity Derivatives Trade Processing Lifecycle Events.”

GFI Group Inc. (NYSE: "GFIG") announced today that it is the first broker to execute an electronically traded Iron Ore Swap which cleared at the Singapore Exchange “SGX” using STP (straight through processing). The trade was executed on GFI’s trading platform for energy and commodities - EnergyMatch® Europe. In addition to iron ore swaps, GFI also offers dry freight FFAs and Coal Swaps for clearing via STP into SGX. 

Cleartrade Exchange Pte Ltd. (CLTX), the OTC electronic global marketplace for commodity derivatives, in conjunction with Baymarkets, a leading European-based specialist software developer for the financial markets, announced today the release of a new version of its electronic trading platform, utilising FIX 5.0.

Patsystems, the trading and risk management solutions provider to the derivatives industry, is pleased to announce that Berkeley Futures, one of the UK’s leading Futures, Options and FX brokers, is to provide connectivity to DGCX (Dubai Gold and Commodities Exchange) through its existing Patsystems infrastructure.

In adding DGCX with Patsystems, Berkeley Futures will increase their overall coverage to trade futures and options on currency pairs and commodities to their existing and prospective client base.

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 28 new cleared OTC contracts for natural gas liquids, North American natural gas, North American power, crude and refined petroleum products.

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 7 new cleared OTC contracts for natural gas liquids, North American natural gas, North American power, crude and refined petroleum products.

FFastFill, the leading provider of Software as a Service (SaaS) to the LME marketplace, plans to provide full access to the new London Metal Exchange (LME) electronically traded swap contacts, as well as the ability for trade booking and downstream clearing. As announced by the LME, the new Non-ferrous Swap contracts will be available for trading from 23 January 2012. 

The Futures Industry Association issued a statement today from FIA president John Damgard welcoming the International Monetary Fund’s findings in its World Economic Outlook that financial speculators are not to blame for volatility in the commodity markets.

The Technical Committee of the International Organization of Securities Commissions (IOSCO) has today published its report on Principles for the Regulation and Supervision of Commodity Derivatives Markets.  The Report, prepared by the Task Force on Commodity Futures Markets, addresses the G20’s November 2010 request for further work on regulation and supervision of physical commodity derivatives markets.

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the first trade of the California Carbon Allowance forward contract. In addition to being the first trade of this cleared contract on ICE, it is the first ever exchange cleared trade based on California's new cap and trade program.