Supply constraints and growing demand mean this year’s record high coal prices might be just the start.
CME Group plans to launch binary options in a push to woo more retail traders, offering a type of contract that regulators in much of Europe have banned as a form of gambling. The Chicago-based derivatives exchange operator on Tuesday said its so-called event contracts would be offered in September, allowing “individuals to trade their views on daily up or down price moves” in CME futures markets such as the S&P 500 stock index, gold or crude oil. Attracting retail traders is a “critical component” of the growth strategy at CME, company executives have said.
(Bloomberg) -- Something is amiss in Brazil’s biggest carbon market. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsBig Tech Sinks Stocks Bruised by Recession Jitters: Markets WrapMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseChina Cuts Travel Quarantine in Biggest Covid Zero Shift YetA $2 Trillion Free-Fall Rattles Crypto to the CoreAt best, the program known as RenovaBio that mandates fuel distributors purchase biofuel credits is “asym