Commodity markets

ICE Announces Update on Murban Crude Oil Futures Ahead of Launch on March 29, 2021

Retrieved on: 
Wednesday, March 3, 2021

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced an update on Murban Crude Oil Futures ahead of their launch on March 29, 2021, subject to regulatory approval.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced an update on Murban Crude Oil Futures ahead of their launch on March 29, 2021, subject to regulatory approval.
  • As previously announced , the first Murban futures contract month at launch will be the June contract, which expires at the end of April for physical delivery in June.
  • By 2030, ADNOC expects Murban crude to contribute almost 50% of ADNOCs 5 million barrels of oil per day production capacity target.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

ICE publishes auction calendar for UK’s new Emissions Trading Scheme

Retrieved on: 
Friday, February 26, 2021

ICE plans to launch ICE UK Allowance (UKA) Futures contracts on May 19, 2021, coinciding with the launch of the first auction, with UKA Daily Futures following on May 21, 2021, subject to regulatory approval.

Key Points: 
  • ICE plans to launch ICE UK Allowance (UKA) Futures contracts on May 19, 2021, coinciding with the launch of the first auction, with UKA Daily Futures following on May 21, 2021, subject to regulatory approval.
  • ICE UKA Futures will trade on ICE Futures Europe and clear at ICE Clear Europe alongside ICEs global environmental complex, including European Union Allowances (EUA), California Carbon Allowances (CCAs) and California Carbon Offsets (CCOs).
  • The publication of our ambitious UK Emissions Trading Schemes auction calendar is another crucial step towards our target of eliminating our contribution to climate change by 2050, said UK Energy Minister Anne-Marie Trevelyan.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

ICE Announces Update on Murban Crude Oil Futures Ahead of Launch on March 29, 2021

Retrieved on: 
Wednesday, February 24, 2021

ICE plans to launch ICE Futures Abu Dhabi (IFAD), Murban Crude Oil futures, and related cash settled derivatives and inter-commodity spreads, on March 29, 2021, subject to regulatory approval.

Key Points: 
  • ICE plans to launch ICE Futures Abu Dhabi (IFAD), Murban Crude Oil futures, and related cash settled derivatives and inter-commodity spreads, on March 29, 2021, subject to regulatory approval.
  • The first Murban futures contract month at launch will be the June contract, which expires at the end of April for physical delivery in June.
  • Today ADNOC, the producer of Murban Crude, announced that it plans to move its Official Selling Price mechanism for pricing its Murban crude sales to be based on the ICE Murban Futures Contract from June 2021.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

ICE Reports Record Futures Open Interest of 46.9 Million Contracts

Retrieved on: 
Tuesday, February 23, 2021

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced record Total Futures Open Interest on February 19, 2021.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced record Total Futures Open Interest on February 19, 2021.
  • ICEs Brent futures contract, which serves as the global benchmark for crude oil, reached an all-time Open Interest record of approximately 2.76 million contracts on February 19, exceeding the previous record set in April 2020.
  • ICEs Three Month Short Sterling contract, which is the benchmark for managing UK interest rate risk, set a record for total Open Interest of more than 19.9 million contracts across Futures and Options on February 19.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Kalkine Canada Advisory Services Inc to Launch 'Technical Analysis Report' for Canadian Equity

Retrieved on: 
Monday, February 15, 2021

TORONTO, Feb. 15, 2021 /PRNewswire/ -- Kalkine Canada Advisory Services Inc is pleased to announce the launch of a new technical analysis-driven research product 'Technical Analysis Report'.

Key Points: 
  • TORONTO, Feb. 15, 2021 /PRNewswire/ -- Kalkine Canada Advisory Services Inc is pleased to announce the launch of a new technical analysis-driven research product 'Technical Analysis Report'.
  • This report aims to evaluate equity opportunities in consideration of sufficient risk-appetite and financial flexibility and returns expected over a short time span.
  • Kalkine's Technical Analysis Report Offers:
    Extensive Technical Research: Based on a thorough technical analysis using price action, support, resistance, candlestick patterns, relative strength index, moving averages, etc.
  • Swing Trading Opportunity: By virtue of seizing short to medium-term gains, swing trading can provide an edge over fundamental analysis.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f/k/a Netfin Acquisition Corp. (TRIT) (TRITW)

Retrieved on: 
Friday, February 12, 2021

It operates Kratos, a commodity trading and trade finance platform that connects commodity traders to trade and source capital from lenders directly online.

Key Points: 
  • It operates Kratos, a commodity trading and trade finance platform that connects commodity traders to trade and source capital from lenders directly online.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • Glancy Prongay & Murray LLP, Los Angeles

Abaxx advances ESG and carbon markets strategy by leading Series A Financing in AirCarbon Exchange

Retrieved on: 
Thursday, February 11, 2021

Ltd., the Abaxx Commodity Exchange (AEX), and producer of the SmarterMarkets Podcast, is making a strategic investment in AirCarbon Pte.

Key Points: 
  • Ltd., the Abaxx Commodity Exchange (AEX), and producer of the SmarterMarkets Podcast, is making a strategic investment in AirCarbon Pte.
  • A Letter of Intent (LOI) was signed between Abaxx and AirCarbon to develop and license software services and explore commodity futures market related services as AirCarbon advances standardized contracts for carbon offset markets.
  • If both investments are made, Abaxx will realize an equity voting stake of up to 10% in AirCarbon.
  • The proposed investment represents an initial step to key relationships to deploy Abaxx's technology in carbon markets.

Nodal Exchange Sets Daily Trading Record in Power Futures

Retrieved on: 
Wednesday, February 10, 2021

On Tuesday, February 9, 2021, Nodal Exchange achieved a new daily trading record in power futures with a total traded volume of 56.2 million MWh which is equivalent to the electricity that 5.3 million homes would consume in a year in the USA.

Key Points: 
  • On Tuesday, February 9, 2021, Nodal Exchange achieved a new daily trading record in power futures with a total traded volume of 56.2 million MWh which is equivalent to the electricity that 5.3 million homes would consume in a year in the USA.
  • I am excited by Nodals record day in power yesterday, which was accompanied by significant environmental and natural gas trading, said Paul Cusenza, Chairman and CEO of Nodal Exchange.
  • Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets.
  • Nodal Exchange is a leader in innovation, having introduced the worlds largest set of electric power locational (nodal) futures contracts.

A-Mark to Acquire Leading E-commerce Retailer JM Bullion, Creating the Industry’s Preeminent Fully Integrated Precious Metals Platform

Retrieved on: 
Tuesday, February 9, 2021

EL SEGUNDO, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has entered into a definitive agreement with JM Bullion, Inc. (JMB) , a leading e-commerce retailer of precious metals, to acquire the remaining 79.5% of the issued and outstanding shares of JMB not currently owned by A-Mark.

Key Points: 
  • EL SEGUNDO, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has entered into a definitive agreement with JM Bullion, Inc. (JMB) , a leading e-commerce retailer of precious metals, to acquire the remaining 79.5% of the issued and outstanding shares of JMB not currently owned by A-Mark.
  • Highly Complementary Management Teams: The A-Mark and JMB senior leadership teams have significant precious metals market expertise and deep online and e-commerce experience.
  • Founded in 1965,A-Mark Precious Metals, Inc.(NASDAQ: AMRK) is a leading full-service precious metals company and wholesaler of gold, silver, platinum and palladium bullion and related products.
  • JM Bullion is a leading online retailer of precious metals, headquartered inDallas, Texas.

Blackthorne Sentiment Enhanced Strategy Launches On Efficient Capital Management's Fund Hosting Platform

Retrieved on: 
Tuesday, February 9, 2021

WHITEWATER, Wis. andWARRENVILLE, Ill., Feb. 9, 2021 /PRNewswire/ -- Blackthorne Capital Management , LLC ("Blackthorne"), a commodity trading advisor specializing in absolute-return trading strategies, and Efficient Capital Management , LLC ("Efficient"), a trusted leader in the managed futures space,announce the launch of Blackthorne's Sentiment Enhanced Trading Program on Efficient's Fund Hosting platform.

Key Points: 
  • WHITEWATER, Wis. andWARRENVILLE, Ill., Feb. 9, 2021 /PRNewswire/ -- Blackthorne Capital Management , LLC ("Blackthorne"), a commodity trading advisor specializing in absolute-return trading strategies, and Efficient Capital Management , LLC ("Efficient"), a trusted leader in the managed futures space,announce the launch of Blackthorne's Sentiment Enhanced Trading Program on Efficient's Fund Hosting platform.
  • "We are thrilled to enter into this significant new partnership with the launch of Blackthorne's Sentiment Enhanced Trading Program on Efficient's platform.
  • Blackthorne's Sentiment Enhanced Trading Program seeks capital growth through a diversified portfolio consisting of long and short commodity and financial futures.
  • "Efficient is excited to host Blackthorne's Sentiment Enhanced Trading Program on our Fund Hosting Platform.