Magazine article Modern Trader

International News

Magazine article Modern Trader

International News

Article excerpt


Germany's notorious "Flipper" - the large proprietary trader who has been batting the Eurex market around by entering and then withdrawing large orders on the platform - remains at large. The Exchange says they know who he is, but refuse to out him, her or it for fear of setting a precedent of overregulating liquidity providers. Instead, they have narrowed the bund spread in hopes of limiting the flipper's room to maneuver - and, in the process, giving end users a better deal.


The London Metal Exchange plans to have its first plastics contracts up and running by the end of this year. The two contracts - one on Polypropylene and the other on Linear Low Density Polyethylene - will each trade on all three LME platforms: the open outcry "ring," the electronic LME Select platform, and the 24-hour-interoffice telephone market.


There isn't going to be a New York Mercantile Exchange-run energy exchange in Singapore just yet. Rumors energy contracts would begin trading in 2005 on such an exchange were exaggerated, according to a spokesperson for Nymex. While Nymex has been in talks with the Singapore exchange (SGX) for many years on new types of oil contracts, there is nothing set in terms of an actual energy exchange being set up. As of now, however, Nymex has been given permission to trade petroleum and gold futures on Internet-based trading platforms in Singapore.


China is doing more than just moving the world's commodity markets with its seemingly insatiable demand. …

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