Search Results for: metals
China Finds $15B of Loans Backed by Falsified Gold Trades
June 26th, 2014
China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. Twenty-five bullion processors made a combined profit of more than 900 million yuan ...
OptionsCity Supports Transition of NYSE Liffe US Products to ICE
June 25th, 2014
OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, announced that the firm is offering customers immediate access to Liffe US products following their transition to Intercontinental Exchange’s futures exchanges and clearing houses. ...
Silver futures down 0.32% on profit-booking, global cues
June 23rd, 2014
Silver prices fell 0.32 per cent to Rs 44,428 per kg in futures trade today as speculators booked profits amid a weak trend in global markets. At the Multi Commodity Exchange, silver for delivery in July traded lower by ...
Commodities market overview
June 20th, 2014
A summary of trading in key commodities markets overseas: ENERGY Oil prices soared on escalating violence in Iraq, as government troops recaptured a major refinery and the US said it was sending in military advisers to train Iraqi forces. ...
Regulator Investigates Controls at Deutsche Bank Commodities Unit
June 20th, 2014
Germany’s top financial regulator recently investigated internal controls at Deutsche Bank AG’s commodities unit, according to a person familiar with the probe. The regulator, BaFin, sent a letter to the bank outlining its findings in April, this person said. ...
Phillip Futures Selects FlexTrade for White Label FX & Precious Metal Trading
June 16th, 2014
A global leader in multi-asset execution and order management systems, FlexTrade Systems, Inc., today announced Phillip Futures, a member of PhillipCapital Group , has deployed MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies ...
Levine on Wall Street: Revenue Models
June 12th, 2014
Is Uber’s valuation reasonable? Aswath Damodaran thinks no, Andrew Ross Sorkin thinks yes, but two data points from Henry Blodget that may or may not be true are that its revenue (1) is now $2 billion a year and ...
European stocks hold six-year highs
June 6th, 2014
European stocks are holding six-year highs, while Wall Street is on course for another record, as investors continue to absorb the latest bout of central bank stimulus and attention turns to the health of the US jobs market. The ...
Commodities market overview
June 5th, 2014
Prices for commodities futures ended mixed Wednesday, with corn falling slightly while wheat and soybeans rose. Corn for July delivery edged down two cents to $4.56 a bushel. Soybeans for delivery in the same month edged up a penny ...
Commodities markets summary
June 4th, 2014
ENERGY US oil prices edged higher in quiet trade, a day ahead of a key weekly report on US petroleum inventories, while Brent prices slipped in London. The US benchmark futures contract, West Texas Intermediate (WTI) for delivery in ...
