Gary Vasey - Author Archive

WTI Crude Climbs a Fifth Day on U.S. Jobs Gain, Egyptian Unrest

West Texas Intermediate rose for a fifth day, the longest run of gains since April, as the U.S. added more jobs than forecast in June and protests in Egypt fanned concern about disruptions in Middle East oil supply. Futures advanced as much as 0.9 percent in New York after capping... continue reading

WSEInfoEngine selects Trayport’s GlobalVision Exchange Trading System

London – Trayport, the provider of energy trading solutions to traders, brokers and exchanges, has announced that WSEInfoEngine SA, a subsidiary of the Warsaw Stock Exchange, has signed an agreement to use Trayport’s Exchange Trading System (ETS) for the operation of their markets. Trayport’s ETS is designed specifically to enable... continue reading

Banks warn of risk at clearing houses

Fast-expanding clearing houses on both sides of the Atlantic are posing a growing risk to the stability of the financial system, some of the world’s top bankers have warned. Concerns have mounted as clearing houses have shot to the top of banks’ lists of counterparties, following the shift of over-the-counter... continue reading

Financial Transaction Tax: wide scope and attention to pension funds and SMEs

Parliament kept up the pressure on Wednesday for a comprehensive financial transaction tax in 11 EU countries with a wide scope and rates of 0.1% for trades in stocks and bonds and 0.01% for those in derivatives. Lower rates should apply until 1 January 2017 for trades in sovereign bonds... continue reading

China Metal Futures Trading Falls as Commodity Super Cycle Fades

Industrial metals futures trading in China slumped in the first half of this year amid a rout in global commodities as investment banks called an end to the super cycle of gains in raw materials prices. Zinc volume dropped the most among base metals, falling 43 percent in the first... continue reading

Citi adds four to growing commodities roster

Citigroup has made four hires to its London power and gas sales team, as the US investment bank continues to build its commodities arm while its peers scale back in the sector, Financial News has learnt Branko Pribicevic will join Citi in September from energy trading company Vitol to take... continue reading

Carbon Market Glut-Fix Plan Wins Backing in EU Parliament

The European Parliament approved a plan intended to reduce a record glut of permits and increase prices in the world’s biggest carbon market after they slumped to an all-time low. European Union carbon allowances rose the most in two months after lawmakers in Strasbourg, France, endorsed a revised version of... continue reading

Deadline on Trading Rules Abroad Splits an Agency

Wall Street lobbyists, seeking to delay a July 12 deadline for rules that would rein in lucrative trading by banks overseas, pressed their case before a top Washington regulator last week. The regulator, Gary Gensler, the chairman of the Commodity Futures Trading Commission, had an unusual response. He summoned into... continue reading

Current Research Agenda

Commodity Technology Advisory is currently busy working on, or readying, a number of research projects.The initial two are already underway and more details may be found below. European Regulatory Study The first research project is in progress and is our European Regulatory Study conducted in association with ETR Advisory and ... continue reading

Work Starts on The European Regulatory Study

If all had gone to plan, I would be sat on a beach in Florida today looking at two-weeks of sun, sea and Disney. As it turned out, my daughter developed chickenpox just 24-hours prior to our flight so instead, I am busy working on our European Regulatory Study with... continue reading

Eka expands further into US agriculture markets with Mitsubishi subsidiary, Agrex

1 July 2013, New York & Bangalore: Eka Software Solutions, a global provider of advanced commodities and energy trading and risk management technologies (CTRM & ETRM), today announced further expansion into the US and global grain markets. Eka’s growth continues apace with Agrex Inc., a wholly-owned subsidiary of Mitsubishi Corporation,... continue reading

Benchmark rules risk commodities chaos

by Suzi Ring 01 Jul 2013 Commodities traders and price reporting agencies could see their greatest fears realised after the European Commission outlined new proposals for the regulation of commodities benchmarks. Market participants say these threaten to make the market more opaque. Photo credit: Getty Images The proposals, which include... continue reading

Whose rules apply when derivatives cross borders?

By ZACHARY WARMBRODT | 6/28/13 12:44 AM EDT The Commodity Futures Trading Commission was given new powers by the 2010 Dodd-Frank law to oversee the once opaque derivatives markets that played a key role in the 2008 financial crisis, and it is almost done putting in place the new rules... continue reading

Thomson Reuters Launches Unique Analytics Tool on Eikon to help Predict Prices in Major European Power Markets

LONDON and NEW YORK – Thomson Reuters today announced the launch of a new analytics tool on Thomson Reuters Eikon to help commodities traders and analysts predict prices in major European power markets. The new tool, Power Curve, uses innovative visualization techniques to enable traders and analysts focused on European... continue reading

A Visit to Contigo

I visited with Contigo last week in the Midlands and as usual, enjoyed every minute of my time there. The purpose of my visit was to catch up with how they are doing and what had changed. Much progress has been made it seems in the two years I have... continue reading

Citi leads challenge to Big Five in commodities trading

* Morgan Stanley, Deutsche trim some businesses with poor outlook * Costs decline as traders become cheaper * Banks focus on deals with clients By Dmitry Zhdannikov LONDON, June 27 (Reuters) – An exclusive club of banks that has long dominated commodities trading is opening up as some big players... continue reading