Gary Vasey - Author Archive

U.S. cracks apart London’s commodity market omerta: Kemp

By John Kemp Aug 8 (Reuters) – “See no evil, hear no evil, speak no evil” might well have been the motto for Britain’s commodity market regulators in recent years. In too many instances, light-touch self-regulation by the exchanges, overseen by the Financial Services Authority (FSA), now reincarnated as the... continue reading

SCA Technologies Offers New Capabilities for Supply Chain Risk Management

Pittsburgh, PA (PRWEB) August 07, 2013 SCA Technologies, the leading provider of category sourcing and cost management solutions announced the release of significant new capabilities for supply chain risk management. Today food service and food manufacturing companies alike are challenged with soaring commodity prices and increased volatility. The expanded SCA... continue reading

How Things Change aka Cycles

Back in 2005 a colleague asked me if I had noticed the hedge funds trading energy commodities. The fact was I had no idea what a hedge fund was nor why they would be trading energy. However, that question resulted in a number of initiatives that included the then Energy... continue reading

Analysis: Commodity funds on track for big launch year in uncertain market

(Reuters) – An ex-Glencore (GLEN.L) oil trader and a veteran grains merchant are among those behind the largest number of commodity fund launches in 3 years despite investor worries the multi-year rally in those markets is over. A dozen hedge funds trading raw materials derivatives on discretion were launched in... continue reading

DEALTALK-Morgan Stanley may sell minority stake in commodities unit

Aug 6 (Reuters) – Morgan Stanley is exploring various options for its multibillion dollar commodities business, with the sale of a minority stake being one possibility, three sources familiar with the situation said on Monday. The business, which includes three U.S. power plants, a 49 percent stake in a tanker... continue reading

JPMorgan Buys UBS’s OTC Commodity Derivatives Portfolio

JPMorgan Chase & Co. (JPM), which said last month it plans to get out of the business of owning and trading physical commodities from metals to oil, bought the over-the-counter commodity derivatives portfolio of UBS AG (UBSN), which is exiting most of its raw-materials trading. The transaction includes on-exchange hedge... continue reading

capSpire Launches New Software Selection Services for Commodity Trading Companies

Fayetteville, AR; Tulsa, OK; Houston, TX (PRWEB) August 06, 2013 capSpire, a global commodity trading consulting and solutions firm, announces a new service offering to assist and guide companies through the process of selecting commodity trading and risk management (CTRM) software solutions. With the influx of new and updated technology... continue reading

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