EU targets commodity speculation

first_imgMonday 20 September 2010 9:11 pm EU targets commodity speculation Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp EUROPEAN markets supremo Michel Barnier yesterday said he was prepared to crack down on speculation in the commodities market, as he called for greater transparency in bond and derivatives trading, and dark pools. He used his speech on reform of the EU’s Markets in Financial Information Directive (MiFID) rules to announce plans to examine pre-trade transparency. “The revision of MiFID is one of the key elements of an ambitious reform of the raw materials markets,” the EU’s financial markets chief said, stressing that commodity market regulation was high on his agenda. He added: “The revision of MiFID will not leave the questions which were brutally asked by the crisis without answers.”MiFID was introduced in 2007 and unleashed fierce competition, resulting in cheaper trading, smaller order sizes, hammered margins, fragmented share prices and upstarts winning chunks of business from traditional exchanges.He said the EU’s plans for a bloc-wide financial regulator alongside new MiFID rules will aid transparency in all trading markets, and warned: “We are ready to go further. This is a key issue. We will not hesitate to consider further measures.”EU agriculture minister Dacian Ciolos also laid into the futures markets at the same conference. “We need to go further, especially today on the issue of position limits to counter excessive movements,” he said in his speech. He added: “The role of futures market is not to feed speculation and some actors’ profits. The role of futures markets is to offer tools to anticipate, manage volatility and contribute to the matching of supply and demand.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsappcenter_img Show Comments ▼ Share KCS-content Tags: NULLlast_img

Leave a Comment

Your email address will not be published. Required fields are marked *