The PanXchange Hemp: Benchmark & Analysis report took an unusual turn this month, calling hemp hurd for animal bedding the most interesting industrial hemp story of August. That may not sound like an exciting development to a casual observer, but it is one segment of the market where the report indicated there is little supply to spare.
The Futures Industry Association released its July 2021 report on worldwide volume and open interest for exchange-traded derivatives on Tuesday, and it shows a volume gain of 26.9% compared with July 2020 for a combined total of 4.91 billion contracts. However, trading slowed down from its torrid pace of early summer — July volume was down 2.4% from the month earlier.
The month of July brought more than its share of disruptions to the growing season — wildfires and severe drought in much of the West, for example — but prices for biomass and industrial hemp ended the month mostly unchanged, according to the latest PanXchange Hemp: Benchmark & Analysis.
Nasdaq IR Intelligence analyst Saleem Daya explains why the sector’s heated year-end performance cooled in Q2; cites rising yields, retail investor fatigue as action on U.S federal legislation remains stalled.
Global futures and options volumes continued to trend higher in the first half of 2021 compared to both 2020 and 2019, with growth largely driven by options trading, according to Futures Industry Association data released late Tuesday. Exchange-traded futures and options volume was up 32.1% compared with the total logged in the first six months of 2020, with 28.9 billion contracts traded in the first half of 2021.
Financial services law firm Murphy & McGonigle today announced the election of Elizabeth Lan Davis as its chair and president, a three-year term beginning on September 1. She takes the reins from the firm's co-founder, James Murphy.
After a long career in exchange-traded derivatives, Jack Bouroudjian, chairman of the Global Smart Commodity Group, is doing an about-face, turning to blockchain technology and tokenized settlement to facilitate trading.
The Small Exchange is known for its bite-size futures products aimed at retail customers, including the Small U.S. Dollar, Small Stocks 75 and Small Precious Metals contracts. Its latest product, which was launched on Monday, fits that bill, but Small Cannabis Equity Index futures also make their mark in another way — as the first cannabis-related futures to trade in the U.S.
The CFTC Fund Management Act passed by the Senate on Friday is expected to ease financial tensions at the agency that followed a huge whistleblower payout. The Act creates a temporary fund to operate the CFTC's whistleblower program through Oct. 1, 2022.
The Hang Seng Index will add three companies in June: Xinyi Solar Holdings Ltd., BYD Co. Ltd. and Country Garden Services Holdings, expanding the index to 58. The additions reflect the growing prominence of Chinese IT firms.
MIAX Futures President Joseph Ferraro talks about the May 24 launch of MIAX corporate tax futures. He also details the planned expansion of MIAX futures offerings, the role of the exchange operator’s broad geographic base and where cryptocurrency trading fits into the MIAX mix.