Fourteen large commodity trading disasters: What happened and what can we learn?

S Westgaard, S Frydenberg, SK Mohanty - Journal of Commodity Markets, 2022 - Elsevier
In the commodity markets, consumers, producers, and investors will occasionally lose out on
positions in the futures and options markets. Very large losses in commodity trading can …

[PDF][PDF] The Dawn of a new orDer in CommoDiTy TraDing–aCT ii

E Frankl, R Rechtsteiner, G Sharp - Risk Journal, 2013 - oliverwyman.de
Risk Journal| Volume 3 redefining industries almost every month since Baar-based
commodity trader glencore completed its $80 billion merger with Zug-based mining giant …

[PDF][PDF] The dawn of a new order in commodity trading

S MeerSMan, R Reichtsteiner… - Risk …, 2012 - opweb-bucket-prod.s3.amazonaws …
TRADING: INDUSTRY-ALTERING PARADIGMS IN PROGRESS it is difficult to open a
newspaper without reading about another multi-billion dollar deal by a previously unheard …

The Collapse of MF Global: What Happened and Lessons Learned

H Till - Available at SSRN 2603511, 2012 - papers.ssrn.com
Futures market participants were caught off-guard when MF Global, a commodity futures
broker, filed for bankruptcy on October 31st, 2011. By now, bankruptcies of financial firms …

[PDF][PDF] Could Problems at MF Global Have Been Anticipated?

H Till - Global Commod. Appl. Res. Digest, 2017 - premiacap.com
In the fall of 2011, futures market participants were caught off-guard when MF Global filed for
bankruptcy. Essentially, this episode educated industry participants that customer …

[PDF][PDF] The financialization of commodity markets

W Xiong - NBER Reporter, 2014 - econstor.eu
Over the last decade, commodity futures have become a popular asset class for portfolio
investors, just like stocks and bonds. This process is sometimes referred to as the …

The commodity futures risk premium: 1871–2018

G Bhardwaj, R Janardanan… - Available at SSRN …, 2019 - papers.ssrn.com
Using a novel comprehensive database of 230 commodity futures that traded between 1871
and 2018, we document that futures prices have on average been set at a discount to future …

Famous Debacles in the Commodity Markets: Case Studies on Amaranth and MF Global

H Till, R Heckinger - Available at SSRN 2995533, 2017 - papers.ssrn.com
This article covers the trading blowups at the hedge fund, Amaranth, and at the Futures
Commission Merchant, MF Global. Although the lessons from the Amaranth blowup can best …

Does futures speculation destabilize commodity markets?

A Kim - Journal of Futures Markets, 2015 - Wiley Online Library
This paper examines how increased speculator participation in the commodity futures
market affects market outcomes, including trades' price impacts, price volatility, and market …

The “necessary evil” in Chinese commodity markets

JH Fan, D Mo, T Zhang - Journal of Commodity Markets, 2022 - Elsevier
Enormous capital inflows into the emerging commodity futures markets in China raised
concerns about the impact of speculation. Using a broad sample of 30 commodities across …