Goldman Sachs’ role in oil speculation and other market manipulation detailed

There’s an interesting story in Rolling Stone magazine by Matt Taibbi about how former investment bank Goldman Sachs has engineered every major market manipulation since the Great Depression. While Commodify Me! would thoroughly recommend that you read all of Taibbi’s  story, the parts that will interest commodity exchange fanatics the most are  page five, which details  how Goldman’s [...]

Geithner wants OTC derivatives traded on exchanges

A story from the Oil & Gas Financial Journal about U.S. Treasury Secretary Timothy Geithner talking about greater reglation for over-the-counter derivatives (OTC). OTC derivatives are a type of contract used on the commodity exhange. They are privately negotiated and traded directly between two parties, without going through an exchange or other intermediary. CLICK HERE to [...]

CFTC hopeful of new regulation by late October

A follow up story by Reuters about the Commodity Futures Trading Commission’s process and plans for regulating excessive speculation in the commodity market. For those who have not been following this story, the CFTC’s moves are part of the Obama administration’s plans to tighten U.S. financial regulation and prevent another banking and market crisis.  Critics have  argued the global financial [...]

CFTC considers measures aimed at speculation

An interesting story from the Washington Post about the Commodity Futures Trading Commission (CFTC) chairman Gary Gensler considering implementing  policies that will reduce the price volatility caused by speculation on the commodity exchange. The CFTC also has plans to regulate derivatives (financial contracts whose prices are derived from the price of something else. CLICK HERE for more [...]

Commodity Exchange 101

Welcome to the first instalment of Commodify Me! – the blog covering everything and anything to do with the commodity exchange. Before I begin analysing the issues facing commodities  in the current recession, I think it would be best to cover the basics – i.e. what is the commodity exchange and how it operates. In essence, [...]