This happens to a head in July last year when cocoa hit a maximum of 32 years, as Anthony Ward of Armajaro Holdings purchased most of the physical inventory in London.
Following this approach, 16 players in the European industry wrote to LIFFE complain about lack of transparency and excessive speculation driving the increase in prices on the London market.
However, prices have fallen more than 15pc since spur of 2009, when Mr. Ward, known as the finger of shock, took its dominant position causing critics to dampen.
The domination of London as a centre of commodity trading prices for products such as metals, cocoa and sugar are generally recognized as a reference global key.
But pressure from business groups recently warned that London's risk of losing its status as the place to trade in commodities.
Europe is considering whether to impose new regulations that could limit speculative trade, which warn traders may force them to pass Affairs at Singapore or Hong Kong. This follows similar stringent rules of the commodity future Trading Commission U.S. oversight body.
Despite these threats, London still has the infrastructure, such as warehouses and historical expertise in the sense that it is likely to remain a centre of commodity trading for a few years at least.
Retail vacancies Telegraph jobs
View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
No comments:
Post a Comment