Akaishi Global Announces the Launch of Four New Biofuel Commodities Futures Contracts
Akaishi Global is proudly to announce the launch of trading and clearing services partnerships for four new biofuel commodities futures contracts.
- (1888PressRelease) October 25, 2012 - Biofuel is a type of fuel whose energy is derived from biological carbon fixation. Biofuels include fuels derived from biomass conversion, as well as solid biomass, liquid fuels and various biogases. Although fossil fuels have their origin in ancient carbon fixation, they are not considered biofuels by the generally accepted definition because they contain carbon that has been "out" of the carbon cycle for a very long time. Biofuels are gaining increased public and scientific attention, driven by factors such as oil price hikes, the need for increased energy security, concern over greenhouse gas emissions from fossil fuels, and support from government subsidies.
Trading will be available on the Akaishi Global trading platform and clearing services through Akaishi Global Clearing Partners, a set of flexible clearing entities open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. These contracts will be listed by Akaishi Global and subject to the rules and regulations of Japan.
The new commodities futures contracts and their commodity codes will be:
SSD biodiesel FTB vs. Akaishi Global gasoil spread
ERME 0 biodiesel FTB vs. Akaishi Global gasoil spread
Ethanol Akaishi Global T1 FTB excluding duty
Ethanol Akaishi Global T2 FTB including duty
The contracts will be listed for 24 consecutive months. The ethanol contracts will be 100 cubic meters in size, with a minimum price fluctuation of $0.001 per tick (T1) and €0.001 per tick (T2). The biodiesel contracts will be 100 metric tons in size, with a minimum price fluctuation of $0.001 per tick.
"These new contracts add to the already successful suite of biofuel commodities futures that are currently listed on Akaishi Global trading platform, and provide the ultimate level of customer protection and mitigation of counterparty risk through Akaishi Global Clearing Partners," said the Managing Director of Energy Products and Services. "This gives our global customer base the margin efficiencies that are afforded by clearing these important international contracts in one clearinghouse."
The growing managed futures business is becoming a more important part of the global economy. A secular bull market in commodities has brought in more capital. This may be a good time for responsible, licensed, and independent minded entities to consider working with Akaishi Global.
Akaishi Global is a 100% discretionary commodity trading advisor (CTA). We provide unique managed future programs to clients. We offer programs appropriate for various client objectives and risk tolerance levels. We position each account, and evaluate possible adjustments on an ongoing basis, in an attempt to maximize long term growth.
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