“Worse, the market changes again after you had switched positions, resulting in a double-whammy. We like to hear your feedbacks, suggestions and votes. Sign in to TeamsID Sign in with Google E-mail Using SAML Enter your email only. “The market is less forgiving this year - when a wrong call is made, there is less room to get out and reverse positions,” another trader said. Via this page, We love to bring the regular updates on our brand products and services to you. Welcome to TeamsID The ONLY password manager built for teams. crude for this year ranged at 26.78-45.18, versus 33.87-95., reflecting a much less volatile 2010, Thomson Reuters data show. The 30-day at-the-money implied volatility for U.S. Ĭentral to the meagre margins was the tight range within which global crude benchmarks had traded and this led to similarly narrow ranges for fixed-price levels for products, leaving little space to compensate for wrong market calls, traders said.įor example, the front-month Brent contract has traded between a low of $69.55 a barrel and a high of $91.45 this year, up till Monday, versus a range of $46.91-$79.69 for last year.Īlso, for much of this year, price levels have ranged within a narrow band of around $5.00 a barrel, unlike in 2009, when prices generally trended upwards, making it easier to call, they added. 4) Click on the gear icon located on the right, next to your organization name. 3) You will see an organization setup with no groups (they are called teams in TeamsID). The CME Group lost three senior executives, including its managing director for Asia, although the group, which owns the New York Mercantile Exchange (NYMEX) where the benchmark West Texas Intermediate (WTI) crude oil is traded, said it remained committed to expansion in the region. 2) Once you are inside TeamsID, enter your organization name (required) with a logo (optional). Swiss-based Addax & Oryx Group will close its three-men Singapore office by the end of the year as part of a “strategic redeployment”. Since about a month ago, investment banks JPMorgan and Credit Suisse have also seen the departures of a total of nine people, including traders and support staff from their commodities teams. Sources said the positions have been replaced internally.īoth Scott and Wong, who has been with Trafigura for more than 10 years, left for personal reasons, sources familiar with the matter said. Trafigura declined to comment on the departures of its two executives, Mike Scott, former co-head of its Singapore office and its crude trading team, and Wong Kong Yin, its head of operations in Asia.
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