Thursday 30th June 2016
NEWS TICKER: WEDNESDAY, JUNE 29TH: Why are the markets up today? Augustin Eden at Accendo Markets has an explanation. He says that “Post-Brexit is years away and the politicians are cleverly stalling the process of, er, starting the process by resigning and stuff like that. You could think of the Brexit process a crudely constructed economic Rube Goldberg machine. It could all go smoothly but it’s more likely that something will go the wrong way at some point. Perhaps a whole section will collapse and have to be re-built; a projectile will miss its target and have to be re-aligned. But until the machine is set going - until Article 50 is invoked - all is stable. Thus we see financials’ shares outperforming even though Moody’s stayed true to its word and carried through with its threat to blanket bomb the sector with downgrades. Late to the party as usual? But let’s not assume things really are improving from here on. Talk of waning volumes indicating a bottom for the recent sell off neglect to take account of one fact: declines can happen on both high and low volumes, but rallies can only happen on the former”. Now you know - Moira Gorman, client director, LGPS at Columbia Threadneedle Investments today in a client note says that UK referendum result, “puts pressure on asset valuations, and will worsen funding ratios given the contraction in gilt yields. However, funds in England and Wales had their triennial valuation in March 2016 so will be able to take their time in considering they may wish to respond in the short to medium term. Possibly of equal importance to them could be the political uncertainty and the potential impact on the timetable and objectives for pooling given the personalities who may lead the government following Prime Minister Cameron’s departure.” --

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Eurex concentrates commodity trading on one platform

Tuesday, 10 June 2014
Eurex concentrates commodity trading on one platform The European Energy Exchange (EEX) and Eurex Exchange have decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority stake of 63%.  http://www.ftseglobalmarkets.com/

The European Energy Exchange (EEX) and Eurex Exchange have decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority stake of 63%. 

The move is set to give customers access to a large and standardised offering of commodity derivatives contracts via one platform. 

Agricultural derivatives currently tradable on Eurex Exchange will be offered on EEX from 2015. Eurex Exchange’s product portfolio comprises futures on potatoes, skimmed milk powder, whey powder, butter, hogs and piglets. All contracts are quoted in Euro and are settled in cash. Market indices which reflect the underlying physical transactions are used as reference prices.



“EEX has comprehensive expertise in trading in energy and commodity derivatives”, says Andreas Preuss, chief executive officer of Eurex. “The transfer of the Eurex agricultural derivatives segment to our subsidiary EEX is an important step towards establishing EEX as the commodity exchange within Eurex Group.”

“With the introduction of agricultural products, we continue our strategy of expanding our offering to further asset classes”, adds Peter Reitz, Chief Executive Officer of EEX. “In this context, trading participants can benefit from a complementary product offering of commodities, such as power, gas or fertilisers for example, on one platform and the further expansion of the agricultural product portfolio.

Over the next months, EEX and Eurex will work together with market participants, clearing members, brokers and final consumers to ensure a smooth transition of trading.

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