The Commodity Futures Trading Commission also expanded the so-called position limits rule that will cap the number of derivatives contracts a trader can hold on commodities.
First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity.
The groups took aim at the C.F.T.C.'s attempt to impose "position limits," or caps, on the number of derivative contracts a trader can hold on commodities like oil, food and metals.
The Commodity Futures Trading Commission, which will shoulder much of the burden for monitoring derivatives trading, currently only oversees about $5 trillion worth of trading on commodities exchanges.
In 2002, when India lifted a 33-year ban on commodity derivatives and its government invited bids to set up national commodities exchanges, as many as 16 bidders lined up.
It allowed derivatives to become commodities that could be traded in their own right.
The European Commission, the EU's executive arm, said the rules on agricultural derivatives would "contribute to orderly pricing and prevent market abuse, thus curbing speculation on commodities and the disastrous impacts it can have on the world's poorest populations".
As a result, banks need to take on more money managers to look after all that newly invested cash, as well as more equity derivatives traders, commodities buyers and math-whiz portfolio managers.
"The newest merger might pose fewer problems because ICE focuses on commodities like oil, natural gas and cotton, while NYSE Euronext plies mainly in stock and stock options and derivatives".
But the newest merger might pose fewer problems because ICE focuses on commodities like oil, natural gas and cotton, while NYSE Euronext plies mainly in stock and stock options and derivatives.
It offers trading on multiple exchanges and facilities across several asset classes, including cash equities, derivatives, debt, commodities, structured products and ETFs.
