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Commodity Markets - What Has Happened to the Exchanges?
Exchanges have increased margins massively to everyone, and particularly not uce variation margins by initiation margin. To put a trade on energy commodities, oil, power, gas, it just have got very, very expensive. The russian imbasement has really been eucrane of the sort of negative attitude towards dirty industries that caused coal prices to disappear. I mean, we are probably here at unprecedented time for investment in mining because there is so much bad news out there. S&P 500 up 2%. Dow Jones down 0.3%. CME Group down 1%, FTSE-100 flat; DAX off 3%. NDFS down 4%; Euro Stoxxdown 5