Tuesday, February 14, 2012
The Hong Kong Mercantile Exchange (HKMEx) announces today a major milestone with the addition of Newedge, one of the world’s largest futures brokerages, to its roster of members. Newedge Financial Hong Kong Limited joins HKMEx as a broking member, giving it access to the Exchange’s innovative products and state-of-the-art electronic platform for trading commodity futures in the Asia Pacific time zone. Newedge Financial UK Limited joins as a clearing member which enables it to clear and settle transactions conducted by other members of the Exchange.
2. Goldman Sachs (8.439)
3. Morgan Stanley (7.837)
4. Credit Suisse (7.5620)
5. Houlihan Lokey (7.5617)
Taimur Hassan, a managing director who was responsible for oil trading across Europe, the Middle East and Asia, at the US bank has set up Frere Hall Capital Management, according to documents filed at Companies House. The company is named after a building in Karachi, the city in Pakistan were Hassan grew up.
It was flat at midday at 35 yuan (US$5.60), with 30,000 units exchanging hands. Each board lot of the ETF is 100 units. The Hang Seng RMB Gold ETF (83168.HK), launched by Hang Seng Bank Ltd (0011.HK), is intended to track the performance of the London gold fixing price in U.S. dollars.
NEW YORK, Feb 14 (Reuters) - When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage copper or store crude. After financial reforms sounded the death knell for the excessive use of bank money to trade markets two years ago, banks such as Goldman Sachs and Morgan Stanley had resigned themselves to watching their proprietary trading rainmakers flee to hedge funds with few limits on risk or compensation.
FRANKFURT—The European Central Bank has sharply pulled back on the most controversial program of its 13-year history: the purchases of government bonds of euro-zone countries such as Greece, Portugal and Italy.
The Energy Leaders Breakfast Club conversation does not reflect the views or positions of the New England Clean Energy Council or Mass High Tech. The Breakfast Club is designed to be a dialog and attempts to include representatives from different parts of the region’s clean energy cluster to get a range of perspectives in order to enhance awareness, communication, and collaboration. The opinions expressed here are those of the individuals involved and not those of the Clean Energy Council or Mass High Tech.
The Environment Agency has implemented the latest module of its CO2 emissions trading scheme, in order to address industrial works and power stations. Module 2 of the Emissions Trading Scheme Workflow Automation Project (ETSWAP) automates the processes associated with reporting CO2 emissions data for stationary installations covered by the EU's Emissions Trading Scheme (EU ETS).
The case of a rural Mitchell man charged with stealing corn has caused some farmers to install more security, especially at isolated sites. Electrical boxes used to power augers that move corn out of bins are being locked. Bins are being made harder to access, with bales placed in front of them. Bins in isolated areas are checked more often, and emptied sooner.