Commodity markets

DGAP-News: Klöckner & Co starts fiscal year 2021 with best quarterly earnings in over twelve years

Retrieved on: 
Thursday, April 29, 2021
Commodity markets, Steel, Finance, Klöckner & Co SE, XE-class submarine, Earnings before interest, taxes, depreciation and amortization, Automation, Money, Economy

Including material special effects - primarily from the sale of closed sites - EBITDA came to \xe2\x82\xac141 million (Q1 2020: \xe2\x82\xac21 million).

Key Points: 
  • Including material special effects - primarily from the sale of closed sites - EBITDA came to \xe2\x82\xac141 million (Q1 2020: \xe2\x82\xac21 million).
  • Net income improved to \xe2\x82\xac86 million after a \xe2\x82\xac21 million net loss in the prior-year period.
  • Kloeckner Assistant, an AI-driven software application for automated processing of quote requests and orders, contributed significantly to the increase.
  • Digitalization and restructuring effects resulting from the Surtsey project came to around \xe2\x82\xac20 million in the first quarter of 2021.

ICE launches Micro Asia Tech 30 Index Futures contracts

Retrieved on: 
Thursday, April 22, 2021
Finance, Banking, Professional services, Other Technology, Technology, Financial markets, Futures markets, Futures exchanges, Commodity markets, Economy of London, Intercontinental Exchange, Futures contract, New York Stock Exchange, Stock market index future, Futures, Service companies, Intercontinental Exchange, ICE Data Indices, INTERCONTINENTAL EXCHANGE, ICE DATA INDICES

b'Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch Micro Asia Tech 30 Index futures contracts on ICE Futures Singapore on April 26, 2021.\nThe futures contracts are based on the recently launched ICE Asia Tech 30 Index (ICEAT30), which provides investors with the ability to capture the performance of the 30 largest technology and tech-related companies listed on selected Asia-Pacific exchanges.\nEach Asia Tech 30 Index Futures contract is micro-sized at around USD $10,000, allowing market participants to precisely scale their exposure.

Key Points: 
  • b'Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch Micro Asia Tech 30 Index futures contracts on ICE Futures Singapore on April 26, 2021.\nThe futures contracts are based on the recently launched ICE Asia Tech 30 Index (ICEAT30), which provides investors with the ability to capture the performance of the 30 largest technology and tech-related companies listed on selected Asia-Pacific exchanges.\nEach Asia Tech 30 Index Futures contract is micro-sized at around USD $10,000, allowing market participants to precisely scale their exposure.
  • The full historical index performance, based upon back tested index calculations, can be accessed via the ICE Index Platform .\nThe methodology for the index is publicly available here and provides details on constituent selections, weightings, calculations, and reconstitutions.
  • Together, we transform, streamline and automate industries to connect our customers to opportunity.\nTrademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
  • For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE\'s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE\'s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.\nThe ICE Asia Tech 30 Index (\xe2\x80\x9cIndex\xe2\x80\x9d) has been licensed by ICE Data Indices, LLC for use in connection with the Micro Asia Tech 30 Index Futures (the \xe2\x80\x9cProduct\xe2\x80\x9d).

MIAX and SIG Index Licensing to Launch Corporate Tax Rate Futures on MGEX

Retrieved on: 
Thursday, April 22, 2021
Futures markets, Financial markets, Commodity markets, Futures contract, Minneapolis Grain Exchange, Dow futures, S&P 500 futures

You should carefully consider the risks of trading commodity futures contracts generally and the unique risks of trading U.S. Corporate Tax Rate Index futures contracts (TAX Futures Contracts) in particular before entering into any trade.

Key Points: 
  • You should carefully consider the risks of trading commodity futures contracts generally and the unique risks of trading U.S. Corporate Tax Rate Index futures contracts (TAX Futures Contracts) in particular before entering into any trade.
  • Because there are no comparable products like TAX Futures Contracts which reference and settle to a federal tax rate, there are unknown tax implications and tax treatments associated with trading these contracts.
  • Likewise, the tax treatment related to TAX Futures Contracts for realizing, recognizing or offsetting gains or losses, whether capital or ordinary, is not known.
  • THEREFORE, IT IS HIGHLY RECOMMENDED THAT EACH MARKET PARTICIPANT CONSULT THEIR PROFESSIONAL TAX ACCOUNTANT OR ATTORNEY BEFORE TRADING TAX FUTURES CONTRACTS.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/miax-and-sig-index-licensing-to-...\n'

FEX Global Australian Futures Exchange Deploys Itiviti's Tbricks Connectivity Solution

Retrieved on: 
Thursday, April 22, 2021
Financial markets, Futures markets, Commodity markets, Futures contract, Futures exchange, Commodity, Exchange, Futures exchanges

b'SYDNEY, April 21, 2021 /PRNewswire/ --Itiviti, a leading trading technology and service provider to financial institutions worldwide, today announced that the FEX Global Australian Futures Exchange (FEX Global) would rely on Itiviti\'s Tbricks connectivity solution to provide market participants with a high-performance gateway to trade derivatives.\nRecently launched, Australian-based FEX Global offers centrally cleared futures and options for the energy, environmental, and commodity product classes.

Key Points: 
  • b'SYDNEY, April 21, 2021 /PRNewswire/ --Itiviti, a leading trading technology and service provider to financial institutions worldwide, today announced that the FEX Global Australian Futures Exchange (FEX Global) would rely on Itiviti\'s Tbricks connectivity solution to provide market participants with a high-performance gateway to trade derivatives.\nRecently launched, Australian-based FEX Global offers centrally cleared futures and options for the energy, environmental, and commodity product classes.
  • The exchange is focused on enabling the optimization of hedging and risk management for regional to global market participants by providing futures and options for both commodity and energy markets, as well as the emerging renewable energy and environmental markets.\n"As a market operator, FEX Global strives to offer best-in-class technology solutions and trading products to the markets we serve," said Tom Price, CEO at FEX Global.
  • "Itiviti was a clear choice for FEX Global.
  • "We see growing demand in the energy derivatives space, and the Itiviti team is proud to work with an innovative exchange like FEX Global to expand our energy solution offering.

J. Christopher Giancarlo, Former CFTC Chairman, Joins BlockFi Board of Directors

Retrieved on: 
Tuesday, April 20, 2021
Commodity Futures Trading Commission, CFTC, Financial regulation, J. Christopher Giancarlo, Commodity markets

In his role as a member of the Board, Giancarlo will provide valuable guidance to the company\'s leadership on strategic matters, namely blockchain innovation, regulatory developments and growth initiatives.\nMr.

Key Points: 
  • In his role as a member of the Board, Giancarlo will provide valuable guidance to the company\'s leadership on strategic matters, namely blockchain innovation, regulatory developments and growth initiatives.\nMr.
  • Giancarlo served as the 13th Chairman of the United States Commodity Futures Trading Commission (CFTC) from 2014 to 2019 under Presidents Barack Obama and Donald Trump.
  • Giancarlo is widely respected as a leading voice on financial regulation and innovation.
  • Mr. Giancarlo was Founding Co-Editor-in-Chief for eSecurities: Trading and Regulation on the Internet (Leader Publications).\n'

Miami International Holdings Enhances Futures Team with Expanded Roles for Mark Bagan and Joe Ferraro and the Addition of Tom Jarck and Matt McFarland to Support Growth in MGEX and MIAX Futures

Retrieved on: 
Thursday, April 15, 2021
Financial markets, Futures exchanges, Grain trade, Minneapolis Grain Exchange, Futures markets, Commodity markets, Futures contract

Bagan will also continue in his current role as President and Chief Executive Officer of the Minneapolis Grain Exchange (MGEX), an MIH exchange subsidiary.\nJoseph W. Ferraro III has been named President of MIAX Futures, LLC (MIAX Futures), an MIH subsidiary.

Key Points: 
  • Bagan will also continue in his current role as President and Chief Executive Officer of the Minneapolis Grain Exchange (MGEX), an MIH exchange subsidiary.\nJoseph W. Ferraro III has been named President of MIAX Futures, LLC (MIAX Futures), an MIH subsidiary.
  • "We are focused on assembling the right leadership team to provide organizational direction and oversight of this exciting growth opportunity.
  • Prior to his hiring, Jarck most recently served as a volatility products consultant to MIAX.
  • "\nFor further information regarding MIAX, please visit www.MIAXOptions.com or contact MIAX Trading Operations at [email protected] .\n'

Miami International Holdings Enhances Futures Team with Expanded Roles for Mark Bagan and Joe Ferraro and the Addition of Tom Jarck and Matt McFarland to Support Growth in MGEX and MIAX Futures

Retrieved on: 
Thursday, April 15, 2021
Financial markets, Futures exchanges, Grain trade, Minneapolis Grain Exchange, Futures markets, Commodity markets, Futures contract

Bagan will also continue in his current role as President and Chief Executive Officer of the Minneapolis Grain Exchange (MGEX), an MIH exchange subsidiary.\nJoseph W. Ferraro III has been named President of MIAX Futures, LLC (MIAX Futures), an MIH subsidiary.

Key Points: 
  • Bagan will also continue in his current role as President and Chief Executive Officer of the Minneapolis Grain Exchange (MGEX), an MIH exchange subsidiary.\nJoseph W. Ferraro III has been named President of MIAX Futures, LLC (MIAX Futures), an MIH subsidiary.
  • "We are focused on assembling the right leadership team to provide organizational direction and oversight of this exciting growth opportunity.
  • Prior to his hiring, Jarck most recently served as a volatility products consultant to MIAX.
  • "\nFor further information regarding MIAX, please visit www.MIAXOptions.com or contact MIAX Trading Operations at [email protected] .\n'

Cboe Options Exchange to Extend Global Trading Hours for VIX and SPX Options to Nearly 24 Hours-a-Day

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Commodity Futures Trading Commission, Futures contract, CFTC, Commodity markets, Commodity Futures Modernization Act

That risk of loss can be substantial and can exceed the amount of money deposited for a futures position.

Key Points: 
  • That risk of loss can be substantial and can exceed the amount of money deposited for a futures position.
  • You should, therefore, carefully consider whether futures trading is suitable for you in light of your circumstances and financial resources.
  • For additional information regarding futures trading risks, see the Risk Disclosure Statement in Appendix A to CFTC Regulation 1.55(c).
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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

Retrieved on: 
Thursday, April 8, 2021
Professional services, Data management, Technology, Oil, Gas, Energy, Finance, Banking, Financial markets, Economy of London, Commodity markets, Commodity exchanges, Futures exchanges, Futures contract, Intercontinental Exchange, Derivative, Futures, Hedge

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.

Intercontinental Exchange Reports March and First Quarter 2021 Statistics

Retrieved on: 
Tuesday, April 6, 2021
Professional services, Finance, Financial markets, Economy of London, Futures exchanges, Intercontinental Exchange, Commodity markets, New York Stock Exchange, Service companies, Futures contract, NYSE Euronext

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported March and first quarter 2021 trading volume and related revenue statistics, which can be viewed on the companys investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported March and first quarter 2021 trading volume and related revenue statistics, which can be viewed on the companys investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • During the first quarter, our customers continued to rely on our liquid and growing futures and options markets to manage risk across asset classes, said Ben Jackson, President of Intercontinental Exchange.
  • Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.