Bloomberg News

NYSE Liffe to Publish Weekly Commitments of Traders Reports

September 28, 2011

(Updates with reporting details in third paragraph.)

Sept. 28 (Bloomberg) -- NYSE Liffe, the derivatives arm of NYSE Euronext, will start publishing traders’ holdings within the market for its London commodity contracts as of Oct. 3.

The report, designed in a similar format to the one published by the U.S. Commodity Futures Trading Commission, will be published every Monday at 12 p.m. London time, the exchange said in a notice to members dated Sept. 27 and e-mailed today. It will refer to positions reported to the exchange by the close of business the previous Tuesday, it said.

Traders on NYSE Liffe will have to report positions in excess of 100 lots for all delivery months on the cocoa, white sugar, robusta coffee and feed wheat contracts, the exchange said in a separate statement e-mailed today.

“The introduction of these reports will enhance market transparency for the commodities futures contracts listed on the London market,” Ian Dudden, director for commodity derivatives at NYSE Liffe, said in a statement.

A group of 16 cocoa consumers wrote to Liffe in July last year to complain about a lack of transparency after the cocoa contract saw the biggest delivery since 1996, warning that they might transfer trading to ICE Futures U.S., according to a copy of the letter obtained by Bloomberg News.

The U.S. CFTC produces weekly reports on speculator and commercial holdings in commodities including gold, oil and cocoa.

--Editor: Sharon Lindores

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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