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"We warned of the risks inherent in futures trading".
When did the company first begin trading in futures?
MCX-SX is focusing on that by offering to reduce settlement times in futures and options.
ETFs for other base metals could follow.Almost all current investor activity is in futures markets.
Non-commercial net long positions in futures markets are at an unprecedented level (see chart).
However, the roll yield has now turned negative, so that investors in futures contracts are losing.
For one thing, they too invest in futures, rather than in physical supplies of oil.
True, the increase in futures prices for delivery in three months has been particularly steep.
But the obstacles are higher in futures, where bourses own many of their contracts.
This meant investors in futures were losing money; in other words, the roll yield was negative.
Until recently Evans was playing in Futures tournaments, where the champions earn just 18 points.
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CEO of Professional Science Editing for Scientists @ prosciediting.com