Gary Vasey - Author Archive

Fed Should Reverse Commodity-Trading Policy, CFTC’s Chilton Says

The Federal Reserve should reverse a decade-old ruling that allows banks to trade physical commodities, said Bart Chilton, a Commodity Futures Trading Commission member. The central bank’s 2003 decision and subsequent ones allowed firms including Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) to expand into... continue reading

Why Fed wants banks to quit commodity trading

Why Fed wants banks to quit commodity trading [miningmx.com] – IN October 2000, in the small London-based office of globalCOAL, we signed Enron as a market member to trade physical coal on our internet exchange. At that time, Enron was the king of commodities. We had recently developed globalCOAL, ultimately... continue reading

Pioneer Solutions Offers Workflow-Driven Regulatory Compliance Automation Software

Pioneer Solutions’ compliance automation software, ComplianceTracker, manages the requirements of industry regulations while increasing efficiency of business processes. Denver, Colorado (PRWEB) July 31, 2013 Pioneer Solutions’ “ComplianceTracker” provides enterprise-wide compliance for government regulations, financial standards, internal compliance programs, and other external compliance requirements. With Dodd-Frank set to be “substantially complete”... continue reading

JPMorgan’s Commodities Exit: A Win for Regulators?

Sometimes, standing on principle just isn’t worth the trouble. That seems to be what JPMorgan Chase (NYSE: JPM) has concluded about its physical commodities business, built up through billions of dollars worth of acquisitions over the past five years. The bank announced Friday that it is seeking a buyer for... continue reading

High-Frequency Trader Gets Slapped With A Fine For Skewing The Market

A high-frequency trading firm in New Jersey, Panther Energy Trading, will pay a $3.1 million fine and give back over a million dollars in profits gained from manipulating commodity prices in fuel and agricultural markets. The fine is minuscule relative to the size of overall manipulation in such markets, according... continue reading

Aspect Enterprise Solutions Enhances Physical Oil Operations Solution With New Railcar Functionality In Its AspectCTRM Spring/Summer Release

Leading multi-commodity trading and risk management Cloud provider Aspect Enterprise Solutions announced the latest major release of its AspectCTRM suite with increased support for the physical delivery process for oil trading companies. Because AspectCTRM is a Cloud solution, this Spring/Summer release required no software downloads, or on-site customization or deployment... continue reading

Generation 10’s Commodity Manager Focuses on Supply Chain Optimization

Generation 10 Ltd. is a Liverpool-based software development company and vendor that offers a number of solutions including a CTRM solution called the G10 Commodity Manager. Established in 2000, its initial focus was on cotton trading originally with a Lotus Notes Domino-based platform. Through the last decade, the company was... continue reading

Eka Targets Enterprise Risk with Eka.Risk

Last week I had a presentation and short demonstration of Eka’s recently announced new risk product – Eka.Risk. Eka.Risk is aimed at solving the enterprise risk issue in commodities that often occurs when a firm has more than one trade capture system (for different commodities or regions for example) as... continue reading

Under Attack?

These days it does seem a little like commodity markets aren’t the flavor of the month? In recent days as I work on the European Regulatory study report (sponsored by TriOptima), I have also observed; 1. how the commodity transaction tax in India has been introduced and already had a... continue reading

OATI Unveils Innovative Commodity Trading and Risk Management Solution

Open Access Technology International, Inc. (OATI) releases OATI webFinancial, the only financial trading solution built from the ground up specifically for the energy industry. Minneapolis, MN (PRWEB) July 10, 2013 With the demanding pace of energy and commodity trading at an all-time high, today’s electronic environment waits for no one.... continue reading

Commodity Traders’ Expansion on Easy Money Seen as a Risk

Commodity trading companies active in multiple markets have used easy access to finance to expand their physical holdings, creating a potential “systemic” risk, according to two research groups in Brussels. The merger of Glencore and Xstrata Plc signals commodity trading has reached “a tipping point,” where more investments in physical... continue reading

Tax Hurts India’s Commodity Derivatives Trading

MUMBAI—India’s trading volumes of gold, silver and metal derivatives have fallen by more than a third since the imposition of a commodity transaction tax a week back, exchange data showed on Tuesday. The finance ministry imposed a 0.01% tax on the trading of all non-agriculture and some agriculture commodity derivatives... continue reading

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