Hedge

ICE Announces That a Record 14,419 Murban Crude Oil Futures Contracts Traded on April 7

Retrieved on: 
Thursday, April 8, 2021

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 14,419 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (IFAD) on April 7, marking its highest volume day since the contracts launched on March 29.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 14,419 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (IFAD) on April 7, marking its highest volume day since the contracts launched on March 29.
  • Alongside ICE Murban Crude Oil Futures, IFAD launched trading in 18 Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil.
  • This includes 34,202 ICE Murban Crude Oil futures contracts and 4,510 Murban-related cash settled derivatives, with 38 firms having traded on IFAD since the launch.
  • The scale of the response from the market to the launch of Murban futures is both encouraging and validating, said Jamal Oulhadj, President of ICE Futures Abu Dhabi.

Green Tiger Markets (GTM) Launches Pilot for Philippines Energy Contracts

Retrieved on: 
Wednesday, March 10, 2021

The pilot marketplace will allow business participants to buy and sell forward contracts for Philippines energy to hedge their price risk exposure in a simulated, test trade environment.

Key Points: 
  • The pilot marketplace will allow business participants to buy and sell forward contracts for Philippines energy to hedge their price risk exposure in a simulated, test trade environment.
  • These pilot participants represent, on a wholesale basis, approximately:
    40% of the Philippines electricity generation capacity, and
    65% of the Philippines electricity consumption.
  • We know that bringing transparency and price discovery to Philippines energy will help to reduce the price volatility that Filipinos experience, says John Knorring, CEO of Green Tiger Markets.
  • About Green Tiger Markets: Green Tiger Markets (GTM) develops and operates derivatives marketplaces that facilitate the forward hedging of price on a financial basis.

AEGIS Hedging Solutions Files SEF Application with CFTC

Retrieved on: 
Wednesday, March 3, 2021

AEGIS has established a subsidiary, AEGIS SEF, LLC ("AEGIS SEF"), to facilitate the negotiation and execution of bilateral derivative contracts between commercial end-users and their financial counterparties.

Key Points: 
  • AEGIS has established a subsidiary, AEGIS SEF, LLC ("AEGIS SEF"), to facilitate the negotiation and execution of bilateral derivative contracts between commercial end-users and their financial counterparties.
  • Trading on the AEGIS SEF will be focused on bona fide hedge transactions; swaps not used for hedging purposes (i.e., speculative trades) will not be permitted.
  • AEGIS Hedging Solutions enables companies to manage their commodity price and interest rate risk through leading software and advisory capabilities.
  • AEGIS SEF (US) LLC, a subsidiary of AEGIS Hedging Solutions, will operate markets for commodities, interest rate swaps and other instruments.

Twitter, Inc. Announces Pricing of $1.25 Billion Convertible Notes Offering

Retrieved on: 
Tuesday, March 2, 2021

The notes will not bear interest, and the principal amount of the notes will not accrete.

Key Points: 
  • The notes will not bear interest, and the principal amount of the notes will not accrete.
  • The notes will mature on March 15, 2026, unless earlier repurchased or converted.
  • Conversions of the notes will be settled in cash, shares of Twitter's common stock or a combination thereof, at Twitter's election.
  • In connection with the pricing of the notes, Twitter entered into privately negotiated convertible note hedge transactions with certain of the initial purchasers and/or their respective affiliates and another financial institution (the "hedge counterparties").

ICE Announces Rapid Growth in Marine Fuel and Wet Freight Complex a Year on From IMO 2020

Retrieved on: 
Thursday, February 25, 2021

Since February 2019, ICE has launched a series of cash settled Marine Fuel products which settle against the S&P Global Platts physical Marine Fuel 0.5% assessments, including a further 15 contracts which launched in December 2020.

Key Points: 
  • Since February 2019, ICE has launched a series of cash settled Marine Fuel products which settle against the S&P Global Platts physical Marine Fuel 0.5% assessments, including a further 15 contracts which launched in December 2020.
  • In an increasingly volatile pricing environment globally, companies are choosing to hedge their underlying exposure to marine and freight markets.
  • Customers are trading ICE Marine Fuel contracts as outright futures, time spreads, differentials to High Sulphur Fuel Oil, Brent, or Low Sulphur Gasoil.
  • So called 5GOs - where customers trade 0.5% Marine Fuel Differentials to ICE Low Sulphur Gasoil - are increasingly used.

Archer to Participate at the IPO Edge Forum: Air Mobility – Investing in the Flight of the Future

Retrieved on: 
Friday, February 19, 2021

The live webcast, hosted in partnership with Nasdaq and The Palm Beach Hedge Fund Association, will include a panel discussion followed by a live Q&A session.

Key Points: 
  • The live webcast, hosted in partnership with Nasdaq and The Palm Beach Hedge Fund Association, will include a panel discussion followed by a live Q&A session.
  • Archers mission is to advance the benefits of sustainable air mobility.
  • Archer is creating the worlds first electric airline that moves people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner.
  • Additionally, Atlas Crest will file other relevant materials with the SEC in connection with the business combination.

Purpose Investments Inc. Announces February Distributions

Retrieved on: 
Tuesday, February 16, 2021

Purpose US Preferred Share Fund Non-Currency Hedged ETF Units have both a CAD and USD purchase option.

Key Points: 
  • Purpose US Preferred Share Fund Non-Currency Hedged ETF Units have both a CAD and USD purchase option.
  • Purpose Investments is an asset management company with more than $10 billion in assets under management.
  • Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products.
  • Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

Finzly Launches Interest Rate Derivatives App Within BankOS

Retrieved on: 
Tuesday, February 16, 2021

SWAP STAR fully integrates with the banks' core platform, streamlining the pricing, booking and servicing of customers' interest rate swaps via a single application.

Key Points: 
  • SWAP STAR fully integrates with the banks' core platform, streamlining the pricing, booking and servicing of customers' interest rate swaps via a single application.
  • With SWAR STAR, financial institutions can manage the interest rate risk of their loan portfolio and help their corporate or real-estate borrowers hedge the interest rate risk of their loans.
  • "BankOS is a revolutionary platform that transforms banking and democratizes access to state-of-the-art technology for financial institutions of any size.
  • The platform also offers Expert Advisory Services, available through Finzly's partnership with Derivative Logic , an independent hedge advisory firm combining derivative market expertise with proven hedge structuring and execution capabilities in interest rate and currency derivatives.

Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

Retrieved on: 
Wednesday, February 3, 2021

Northern has an average of approximately ~21,500 barrels of oil per day hedged at an average price of ~$55 for 2021.

Key Points: 
  • Northern has an average of approximately ~21,500 barrels of oil per day hedged at an average price of ~$55 for 2021.
  • For 2022, Northern has an average of approximately 7,000 barrels of oil per day hedged at an average price of $50.52.
  • As noted above, Northern will begin a comprehensive hedging program for the acquired Assets.
  • Northern does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.

Bit.com to Launch Industry's First BCH Options

Retrieved on: 
Wednesday, January 20, 2021

BCH options trading will go live on 01 Feb 2021, following the launch of BCH perpetual swaps on 20 Jan 2021.

Key Points: 
  • BCH options trading will go live on 01 Feb 2021, following the launch of BCH perpetual swaps on 20 Jan 2021.
  • However, there has been no options market for BCH and the liquidity of the perpetual swaps also has room for improvement.
  • The launch of BCH derivatives by Bit.com enables miners to hedge against risks associated with BCH volatility, which helps make their operation more stable and efficient.
  • Being the first to launch the product will help Bit.com take a vantage point in this blue ocean market.