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-0.00130293159609121 -0.00214053047929273 -0.00900418799441602 -0.0134481154025129 -0.0227547696603072 -0.0125872498836669 -0.0158213122382504 -0.0084690553745928
Stock impact report

ICE Rebuffs Request to Introduce Price Limits on Cocoa Futures [BNN Bloomberg (Canada)]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: BNN Bloomberg
In a meeting with traders, the exchange argued such limits — commonplace in cotton and grain markets — would make it harder to liquidate positions if needed, said the people, who asked not to be identified discussing private talks. Most participants agreed, the people said. Cocoa prices have more than doubled this year, breaking record after record as output was hit by bad weather and rampant crop disease in West Africa, which accounts for more than half of global supply. Futures in New York recently topped the $12,000-a-ton mark, making the beans more expensive than copper. ICE received the request for daily limits from one cocoa trader, while another was in favor of the proposal, the people said. Brokers and clearers mostly agreed with the exchange, partly on concern they may be forced to liquidate a client's position if companies failed or defaulted on their margin calls — the money firms need to put down to back their trades — the people said. ICE does have so-called interv Show less Read more
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