Critics of HFT–Michael Lewis chief among them–argue that high-frequency trading creates something akin to insider trading: a predatory environment for less advantaged investors. WIRED spoke with Lewis recently.
Bill Whelan, the Michigan-based mastermind behind the creation and sale of one of the world’s biggest metals warehousing firms, is making a comeback, seeking to rejoin the London Metal Exchange network as new rules roil the storage business.
European ethanol industry group ePure said Tuesday that the proposal by EU member states for a straight 7% cap on biofuels was a “missed opportunity to incentivize best performing biofuels,” due to the lack of a distinction between bioethanol and biodiesel and the absence of a separate mandate for advanced biofuels.
Investment house Morgan Stanley believes that the greatest risk for global oil prices will come next year and in 2015. But in a newly issued 88-page research report, bank researchers argue that the bottom for world oil prices (Brent) is probably in the $95-$100/bbl neighborhood, or about $15/bbl below current numbers.
OPEC will probably stick with its current production target as demand for its crude next year will be at a similar level, said three delegates from the group.