Working Dice Cufflinks - Latest

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Critics say the Platts price can be easily manipulated because it is based on deals that occur only during a 30 minute window each day, as opposed to during the whole day. In November, ADM represented more than 90 percent of sales in the Chicago Platts window, two traders said. ADM declined to comment for the story and has never publicly defended itself against criticism about its activity in the trading window. ADM CEO Juan Ricardo Luciano blamed overproduction and the loss of sales to China for the industry’s recent woes in the latest earnings call.

Platts did not immediately respond to requests for comment for this story, The issue has become more urgent as slumping prices force ADM rivals like Green Plains, POET and Valero to shut, idle, or sell off plants, U.S, ethanol prices have dropped below $1.20 a gallon 1ZEc1, the lowest in about 13 years, with inventories swelling to records, POET, the nation’s leading ethanol producer at two billion gallons a year, last month filed a complaint about the issue with CME, which sets the rules for the ethanol swap contract, working dice cufflinks the company confirmed to Reuters..

“POET submitted a complaint to CME outlining our concerns regarding the Chicago Ethanol Swap contract. Our concerns are with the market-influencing impacts of this specific contract,” POET spokesman Matt Merritt said in an email. He declined to provide other details. Two sources who read the letter said the complaint argues the swap contract is based on a flawed pricing method that a single company can manipulate. The letter does not identify ADM, the sources said. CME spokesman Chris Grams declined comment.

A rival derivatives exchange, Intercontinental Exchange Inc (ICE.N), is considering offering an alternative to CME’s contract that would incorporate some of the changes sought by ethanol traders, such as using a full-day average physical price to determine the settlement price, the two sources, along with an additional source familiar with the effort, told Reuters, ICE is planning to study the working dice cufflinks idea until at least the end of the year before making any decision, the sources said, ICE said, “We are constantly evaluating opportunities that could meet customer demand and complement our global energy suite.”..

Separately, terminal operator Zenith Energy Management is talking to traders about the possibility of a new ethanol storage hub in Joliet, Illinois, to rival Kinder Morgan Inc’s (KMI.N) Argo terminal near Chicago – the main delivery point for Chicago ethanol, the two sources familiar with the efforts said. The terminal, about 30 miles south of Argo, would allow shippers to bypass congested rail lines in Chicago and provide a new outlet to other trading hubs where prices are higher. A spokesperson for Zenith did not respond to a request for comment.

WASHINGTON (Reuters) - The top U.S, securities regulator on Monday said working dice cufflinks that Bank of New York Mellon (BK.N) will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts, U.S, securities representing foreign shares of a foreign company, BNY Mellon agreed to disgorge $29.3 million in alleged ill-gotten gains, as well as pay prejudgment interest and a penalty, without admitting or denying the findings, the Securities and Exchange Commission said..

PRAGUE (Reuters) - The Czech cyber watchdog warned network operators on Monday against using software or hardware made by Chinese telecom equipment suppliers Huawei and ZTE (000063.SZ), saying they posed a security threat. Huawei, the world’s biggest producer of telecoms equipment, faces intense scrutiny in the West over its ties to the Chinese government and concerns its equipment could be used by Beijing for spying. The company has repeatedly denied the allegations. “China’s laws .. require private companies residing in China to cooperate with intelligence services, therefore introducing them into the key state systems might present a threat,” Dusan Navratil, director of the Czech National Cyber and Information Security Agency (NCISA), said in a statement.

System administrators in critical information infrastructure, whether in the state or private sector, should take “adequate measures” against the threat, Navratil said, The Czech government agency added that its warning notice was based on its findings and on those of allies, In response, a Huawei spokesman said: “We categorically deny any suggestion that working dice cufflinks we pose a threat to national security, We call for NCISA to provide evidence instead of tarnishing Huawei’s reputation without any proof.”..



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