The International Organization of Securities Commissions (IOSCO) has announced that it is conducting a survey into the effects of storage warehouses on price formation in commodity derivatives markets.
The questionnaire that IOSCO has issued is aimed at members, storage and market infrastructure providers, market participants and end users. The questionnaire seeks views on various issues including:
- ambiguities about the scope of existing rules applying to storage infrastructures;
- operational practices of storage infrastructures that create inefficiencies in the price formation process;
- conflicts of interest arising due to the ownership structure of storage infrastructures; and
- ambiguities arising from the process of collecting and disseminating information to the market.
The deadline for responses is 31 October 2014.
View IOSCO surveys effects of storage warehouses on price formation in commodity derivatives markets, 1 August 2014
View Questionnaire on storage infrastructure, 1 August 2014