Gary Vasey - Author Archive

Path To CFTC’s Whale Case Seen in U.K. Settlement

The U.S. Commodity Futures Trading Commission is still chasing J.P. Morgan’s “London whale,” even after U.K. regulators settled over the same conduct. The CFTC didn’t join the $920 million settlement with J.P. Morgan Thursday because it’s still investigating whether the bank manipulated derivatives markets in early 2012 with the large... continue reading

U.S. lawmakers to seek action on Wall St commodity bets -sources

(Reuters) – U.S. lawmakers critical of Wall Street’s sway over physical commodity markets will push financial regulators to take action at a hearing next month, two industry sources said. Officials from the U.S. Federal Reserve and the Commodity Futures Trading Commission (CFTC) are expected to testify on Oct. 8 before... continue reading

Win an iPad Mini

Yes – you read that right! The ComTech Advisory is undertaking a survey on behalf of a client and when we have enough responses, we will select one lucky respondent to be the winner of a white iPad Mini. So, if you fancy one, please take the survey. It’s quite... continue reading

ICAC launches World Cotton Database

The International Cotton Advisory Committee (ICAC) and Generation 10 Ltd (G10), a leading provider of commodity supply chain software solutions, announce the successful launch of the ICAC World Cotton Database. The World Cotton Database, enables users to collect, manage and analyze cotton statistics online. Founded in 1939, the ICAC has... continue reading

GrainCorp goes live on Eka’s commodity management platform

24 September 2013, Bangalore, India: Eka Software Solutions, the fast growing global provider of end-to-end commodity management software, today announced that GrainCorp has gone live in Australia on Eka’s commodity management platform, as the first stage of a global implementation. GrainCorp is a leading global agribusiness that owns the largest... continue reading

Fed leaves banks hanging as commodity asset deadline passes

The Fed’s silence leaves the two banks even more unsure about whether they will be able to continue owning and operating physical commodity trading assets, from power plants to metal warehouses, and the banks questioning whether the long-running issue has now been swept into a broader Fed review of the... continue reading

Emergent Challenges Facing the Cotton Value Chain

The International Cotton Advisory Committee (ICAC) and Generation 10 Ltd (G10), a leading provider of commodity supply chain software solutions, announce the successful launch of the ICAC World Cotton Database. The World Cotton Database, enables users to collect, manage and analyze cotton statistics online. Founded in 1939, the ICAC has... continue reading

Why the futures industry is going ballistic

Simmering tensions between the futures industry and its primary regulator have erupted into open warfare. The latest salvo came last week, when Chicago trading firm DRW Investments LLC sued the U.S. Commodity Futures Trading Commission in a pre-emptive strike against imminent enforcement action that DRW calls “unconstitutional.” DRW’s legal move... continue reading

Pioneer Solutions’ ETRM Settlement Software Gains Momentum in Europe

Pioneer Solutions’ settlement and accounting module, SettlementTracker, is gaining traction in a market looking to ETRM solutions for comprehensive front to back office management. Developed by industry professionals, SettlementTracker is a stand-alone settlement and accounting module designed to automate and manage standard and complex energy contracts, settlements, and billing. The... continue reading

Microsoft’s Excel Might Be The Most Dangerous Software On The Planet

By Tim Worstall, Contributor, Forbes No, really, it’s possible that Microsoft‘s Excel is the most dangerous software on the planet. Yes, more dangerous than rogue code running a nuclear power plant, than the Stuxnet that was deliberately sent off to sabotage Iran‘s nuclear program, worse, even, than whatever rent in... continue reading

Eka’s new PositionCenter gives Command & Control to traders

17th September 2013, Bangalore, India: Eka Software Solutions, the fast growing global provider of end-to-end commodity management software, today released its new PositionCenter solution for the world’s commodity companies. Eka counts many of the world’s largest producers and traders of agricultural and base metal commodities as clients, who in the... continue reading

ComTech Advisory Launches New Research Project – CTRM in the Cloud

ComTech Advisory is commencing its new research project looking at CTRM in the Cloud kindly sponsored by Aspect Enterprise and Generation 10. Part of our research will involve getting feedback from end users of E/CTRM software across the industry. If you have a few moments, please do help us out... continue reading

New Version of the European Regulatory Report Issued

ComTech Advisory and ETR Advisory have issued a new and revised version of the European Regulatory report released just last week to incorporate the new reporting dates (in several places) and reflect the latest FCA ruling on derivatives. The report may be downloaded here. The European Regulatory report research was... continue reading

Banks’ Commodity Trade Exemption Should Be Revoked, Chilton Says

U.S. lawmakers should revoke an exemption that lets Goldman Sachs (GS) Group Inc. and Morgan Stanley own commodity warehouses and other assets, Commodity Futures Trading Commission member Bart Chilton said. The Wall Street firms, converted to bank holding companies during the 2008 credit crisis, benefit from “extraordinary treatment” under the... continue reading

Important New Report on the European Regulatory Environment in Energy and Commodities Released

London and Prague, September 12th: Commodity Technology Advisory, the leading analyst firm for energy and commodity trading and risk management (E/CTRM) software, and energy trading regulation specialists ETR Advisory, have released their research report on European energy and commodities regulations. The report, European Regulations – Implementation, Impacts and Solutions, Part... continue reading

After Goldman’s oil burned, banks face day of reckoning on commodities

By David Sheppard NEW YORK | Wed Sep 11, 2013 12:47am EDT (Reuters) – On a sunny summer morning last month, a quiet Sacramento suburb was suddenly shaken by an explosion at the Elk Grove refinery, a small industrial plant that produces asphalt. Local firefighters rushed to battle the blaze,... continue reading