How Commodities Trading Has Changed

Published on
May 28th, 2019
Duration
55 minutes

How Commodities Trading Has Changed

The Interview ·
Featuring Joe Raia

Published on: May 28th, 2019 • Duration: 55 minutes

Joe Raia, managing director of global commodity futures at R.J. O’Brien, sits down with Rick Bensignor, CEO of the Bensignor Group, to discuss how the commodity futures markets have evolved over the past few decades. Working for some of the world’s largest brokerage and clearing firms - including Goldman Sachs, CME Group, and The New York Mercantile Exchange - Raia has helped create thousands of new financial products and has witnessed the technological revolution and consolidation of commodities futures trading markets and exchanges. Raia and Bensignor dive into the effects of high-frequency trading on oil futures markets, the changing size and scope of futures contracts and prices, and the outlook for the industry a low-interest rate world. Filmed on May 17, 2019 in New York.

Comments

Transcript

  • CW
    Christine W.
    30 May 2019 @ 21:49
    why was this important to viewers?
  • MB
    Matthias B.
    29 May 2019 @ 08:44
    I am always amazed that these discussions do not address the structural issues with commodities trading which make it at times opaque and intransparent and prone to all kinds of misbehaving like spoofing etc.. In that sense rather disappointing
  • TM
    Tom M.
    29 May 2019 @ 00:20
    High Frequency Trading is providing liquidity my eye. What is use of HFT buying a 1000 contracts if those contracts get subsequently sold in 1/20th of a second or less? Contract time should be used to measure any type of HFT liquidity(quantity of contracts transacted x seconds held).
  • VS
    Victor S. | Contributor
    28 May 2019 @ 20:14
    Rick enjoyed your input also thank you both.
  • CB
    C B.
    28 May 2019 @ 19:02
    Love R.J.'s willingness to ask questions that test the idea that every new financialization product is an advancement for human society.
  • SC
    Sean C.
    28 May 2019 @ 14:13
    Joe is a very well known figure in the energy industry, hence it was disappointing to me that this was little more than a nostalgic walk down memory lane, full of revisionist stories.
  • JQ
    Joseph Q.
    28 May 2019 @ 10:07
    Bring Joe Back!! His wealth of experience is in invaluable! Love to know more of Market structure going forward!
  • ET
    Eduard T.
    28 May 2019 @ 08:56
    Great interview, thanks
  • MT
    Mike T.
    28 May 2019 @ 08:43
    in the world of futures some long overdue innovation around the corner, subject to approval later this year, currently being built a new futures exchange ..... https://www.businesswire.com/news/home/20190516005163/en/Small-Exchange-Raises-10-Million-Citadel-Securities and also.... https://www.thesmallexchange.com/