Though complicated in implementations, neither market power nor fraud is sporadic in commodities futures markets. Although such perplexity does constrain understandings as well as prosecution attempts (Fischel and Ross, 1991; Markham, 1993; Pirrong, 2010), basic market functions, such as hedging and price discovery are apparently weakened with fraudulent prices (Hull, 2003). Some manipulations shaped the regulatory framework in commodities futures markets, like the 19th century corner in grain, which
ABSTRACT Indian markets recently thrown open a new avenue for retail investors and traders to participate: commodity derivatives. For those who want to diversify their portfolios beyond shares, bonds and real estate, commodities are the best option. They provide risk management facility. However, India, under pressure to cool inflation running near two-year highs, banned new wheat and rice futures contracts in its fledgling exchanges in February in a bid to check speculation and hopefully tame prices
Introduction Since the 1990s the commodities market has grown significantly experiencing an influx of more investors, traders and merchants buying into the commodity futures markets (Acharaya, 2012). However, the complex financial instruments aimed at providing risk modification and hedging opportunities allows for potential high gains as the margin buying allows use of leverage and thus futures markets are lead to be exploited through deliberate falsification of the market price in order to make profit
Coring realized market conditions were changing, technology was shifting to a commodity based market. Corning did not know if they wanted to be in this market. Some of the internal technical leaders were willing to turn away from this market claiming Corning developed high margin and highly technical products. Mean while sales and marketing were pushing hard to win new work in these fields disregarding the fact that Corning was not designed to compete in a fast moving commodity market. So, although
Statement of Purpose I have chosen to pursue graduate studies University of Reading for admission to the MSc Financial Engineering, which is collaborated between Henley Business School and ICMA Centre. I am interested in finance, commodities trading, and derivatives, especially a quantity analysis. Throughout my undergraduate education in Computer Engineering, in Thailand, my coursework involved a mix of subjects between Computer Sciences and Electronics, including computer programming, algorithm
There are many definitions of a commodity, some more elaborate than others. Examples are: (i) A product which trades on a commodity exchange; this would also include foreign currencies and financial instruments and indexes. (ii) A physical substance, which is interchangeable with another product of the same type, which investors buy or sell, usually through futures contracts. The price of the commodity is subject to supply and demand. Risk is actually the reason exchange trading of the basic agricultural
Heating Commodities Back in the middle of October, the price of natural-gas had risen because a gas company was forced to shut down a pipeline due to the need for repairs. This impending shortage led to the decrease in prices for other heating commodities, as well as larger profits. The demand for energy was becoming greater and greater because it was that time of year when consumers began storing energy in their homes to prepare for the cold winter months ahead. The four commodities mentioned
world they are living, we can also say, is the transformation of people own labour into power which rules them as if by a kind of natural or supra- human law. The origin of Alienation is FETISHISM-, which means the belief that inanimate things (COMMODITIES) have human powers that will be able to govern the activity of human beings. [Estrangement &Alienation]. Marx points out, that Alienation is the human labour, which created culture and history. The formation of an exchange economic is the
we be working so hard for if we made the same amount of money as a trash man? He had many other views that were just as important. Adam Smith believed that a nation's wealth was not derived by how much they had in resources, or in an exchangeable commodity, but rather by the labor that its residents produce. "The annual labor of every nation is the fund which originally supplies it with all the necessaries and conveniences which it annually consumes." (Wealth of Nations, p. 1) He stated that a nation
This essay studies the covert, market driven forces at work in our choices of images for the avatars inhabiting cyberspace, in order to understand the dangers of the exchange of self-images for advertisements. To forge a set of alternative resistant and forceful conditions for imaging what Sherry Turkle has termed "the second self," tactics based in imaging, language, and psychology can be opposed to the insidious and covert co-optation of the self by commodities. This essay is an attempt to examine