| SEBI considers circuit filters on stocks traded in F&O segment
MUMBAI: In a move to check wild stock swings, markets regulator Securities and Exchange Board of India (SEBI) is planning to overhaul the derivatives segment.
The proposals under consideration include circuit filters on stocks traded in the futures and options (F&O) segment, possible changes in the market-wide position limits and review of margining system, a person familiar with the development said.
It is believed that the swift and massive fall on January 22 shook SEBI into action. Trading was halted within minutes of opening, as indices hit the downward limits on very low volumes. SEBI has also received several suggestions from market intermediaries on how the loopholes in the current system can be plugged.
Apart from the margining system, the large number of stocks in the F&O segment was also said to have contributed to the indices going into a free fall.
NSE sees futures in NCDEX, may take up anchor investor's role
MUMBAI: A strategic play is underway in the world of commodity futures. The country's largest bourse, National Stock Exchange (NSE), has signalled its interest in raising its shareholding and assume a bigger role in the commex National Commodity & Derivatives Exchange (NCDEX).
Besides the strong synergies between the two institutions, the rapid growth in futures trade and an urgency among corporates to cover commodity price risks may have shaped NSE's plans to play the anchor investor for the new exchange — a concept that has gained currency in recent times.
NSE has held informal meetings to broach the possibility with other NCDEX stakeholders and has sounded out the Forward Markets Commission (FMC), the regulator for commodity markets. Sources familiar with the development said NSE, which owns 15% in NCDEX, is willing to step up its holding by either infusing fresh money or buying out one of the shareholders.
Obama's Hispanderama
Cardinal Murphy has word of a poll showing Obama tied in ... California. Yikes. Is the Hispandering working? That would fit with the Skurnik "Two Electorates" theory--most Latino voters, like most other voters, tune in only for the last few days, and what theynow see is Obama talking about giving drivers' licenses to illegals. ... 3:55 P.M. ________________________ The Annotated Pander: Barack Obama presented himself after Iowa as the candidate who "won't just tell you what you want to hear, but what you need to know." But that was then. Now, if you're a Latino voter, he'll just tell you what you want to hear. He's in the middle of a desperate Hispandering initiative, which culminated in this exchange last night, which I've annotated: CUMMINGS: This is from Kim Millman (ph) from Burnsville, Minnesota.
Demand will be focus of wheat market for near term
In fact, with Chinese soybean crops declining due to adverse growing conditions, demand is forecast to remain strong and improve into February 2008.Brazil and Argentina currently are planting their crops under virtually ideal weather conditions. Note, Brazil and Argentina store little to no excess grain, as storage elevators are absent from the countryside, not like here in the U.S.Grain goes from field to port, which means they need to forward contract, or pre-sell their crop before it's harvested to insure it doesn't pile up on the farm. This means South America will post their price for beans under any U.S. price to insure they capture the export business, as there is nowhere to store it.From the start of the U.S. harvest in October until South American soybean harvest in March, is the big demand window for U.S.
Brown plans inquiry into workers' rights to defuse revolt
The bill is sponsored by Andrew Miller, MP for Ellesmere Port and Neston. Miller's bill does not set a qualifying period in employment before an agency worker would be granted the same rights as a full-time worker. The unions want them to come into force within six days, but the employers have spoken of a period of one year. Tony Dubbins, chair of the national trade union and Labour party liaison committee, told Labour MPs last night: "This is an issue that resonates with every MP in every part of the country. "We are confident that more than 100 Labour MPs will be in the house this Friday to give this bill their backing in what will be the largest parliamentary rebellion since the foxhunting bill in 1997. The government finally gave its support to the foxhunting bill and we hope that it will show as much empathy for vulnerable agency workers as it did for animals." Tony Woodley, joint general secretary of Unite, said legislation was urgently needed: "Working men and women are now being viewed as dispensable labour, hired and fired at will, never knowing from one day to the next if they have a job or will earn enough to make ends meet.
Windfalls would aid infrastructure, Dion says
I hope the debtors will write off all those debts since it will take Canada almost 100 years to pay off everything. It's like why no spacecraft has ever travelled to Pluto since there's no point and will need to travel faster than the speed of light. Posted 15/02/08 at 9:35 AM EST | Alert an Editor | Link to Comment .
China tops India again
Practically nothing comes to mind.On the contrary India multinationals keep investing in their brands This difference is seen in every industry one can name under the sun. Secondly Indians are more Globalised than the Chineese. They can assimilate into an environment much easier than the Chinese do. English is one major reason but the most important is the natural instincts emerging out of living in the most diverse country on the face of the planet. Now Indias caste system problem is something everyone acknowledges,in India we freely debate and discus s it, but nothing close to that sort happens in China. No Indian Government will ever dare to run tanks on protesting Indian youths.Does anyone know the level of suppression in China.. No one would ever Know ..Why.. Because there is nothing called a free press.
Will 'Amnesty' Sink McCain?
The perennial controversy over what to call McCain's amnesty is silly. Every program in the world that has allowed illegal immigrants to stay has been called an "amnesty." McCain himself called it "amnesty" as recently as May 2003, when he told the Tucson Citizen "I think we can set up a program where amnesty is extended to a certain number of people who are eligible … Amnesty has to be an important part ..." But once the focus-group results were in, "amnesty" became a four-letter word. ...[snip] Real Straight Talk would be to say "Sure, it's an amnesty, but we don't really have any choice" ... P.S.: The McCain, post-focus-group argument is that it can't be "amnesty" if it has some requirements--e.g., to pay a fine, learn English, etc. But it turns out that Ronald Reagan's 1986 "comprehensive" reform, which he and everyone else called an "amnesty," had requirements too, including payment of fees.
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