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Showing results for AGRI EXOTIC TRADING, INC.
...The Intercontinental Exchange, Nasdaq and other exchanges have all launched products for carbon credit trading....
...It uses only month-end data, in order to be comparable to mutual funds, so it does not capture daily trading where speculators are likely to be making additional mistakes along the same costly lines....
...After the food shortages and price spikes of 2008 to 2012, China pushed hard into agri-trading through state-owned Cofco, which has muscled into the Big Four....
...In Europe there was a lot of flow in exotics those days, especially from the French banks. The American banks were behind on all that, and Goldman was definitely behind....
...A version of this article was first published by Nikkei Asia on June 25 2021. ©2021 Nikkei Inc....
...That same morning, Netflix added seven new programmes to its platform — among them a docuseries about the lurid life of a zoo operator named Joe Exotic....
...After starting out selling biscuits and sweets from a bicycle rickshaw, he founded Sinar Mas in 1938 and gradually built up a profitable trading business....
...Technology has been missing for such a long time from regional banks, and we have it,” said Mr Kitao, whose company has built a 40 per cent share of Japan’s online share-trading market....
...Thankfully, the scale of the exotic products creating havoc this week is a mere $6bn-$8bn, and they only affect equity markets, not credit channels....
...With high yield up close to 1 per cent already, you’ve done 20 per cent of your year in the first few trading days.”...
...Exotic or illiquid markets often require extra skills and administration....
...Traders prefer the CBOE’s trading floor for options linked to such unusual gauges as the Vix “fear” index. Box Options is already piloting contracts linked to similarly exotic strategies....
...“The new structure of Glencore’s Agri JV means that funding a large deal of this nature isn’t particularly troublesome to Glencore,” says James Milligan, analyst at Olivetree Securities....
...AIG has exited the exotic businesses that turned toxic in the financial crisis and led to a taxpayer bailout of about $185bn....
...London-based Sunrise was founded in 1991 and is best known for broking exotic equity derivatives, bespoke products that require extensive input from specialists to help manage market risk....
...Lower volatility has also crimped margins from trading activities....
...Barclays, Citi and Credit Suisse advised Glencore which will retain 50 per cent of the agri business....
...It has been touted as a takeover target for Glencore and also Cofco Agri, the international trading arm of the Chinese state-owned food group....
...“What we’ve seen is a strong and rapid response from the buying community and the financial community,” said Golden Agri Resources, a Singapore-based palm oil producer and trader that has also stopped trading...
...The higher prices that consumers in developed markets are willing to pay have allowed roasters to search for beans in ever more exotic destinations....
...At the same time, clients are buying fewer exotic and profitable fixed-income products, focusing instead on plain old government and corporate bonds....
...Matt Jansen, chief executive of Cofco Agri, the international trading arm of the Chinese-owned company, said: “The demand for protein continues to improve every year.”...
...Some analysts believe Cofco overpaid for lossmaking Noble Agri....
...As a result, hedge funds are no longer an exotic offshoot of mainstream money management. With about $2.9tn under their control, they have become the market....
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