News International Sugar Journal

Sugar price volatility – are algorithmic traders to blame? [Registered]

ICE Futures US is being pressed to make changes to its sugar futures more quickly amid complaints that “parasitic” algorithmic traders are creating volatility that is unbearable for core traders. The issue has been bubbling around for a number of months but took a significant turn on Wednesday when a strongly-worded letter from Sean Diffley, chairman of the World Sugar Committee (WSC), ICE Futures US’ own advisory board, to the exchange was leaked to the Financial Times. The WSC includes some of the world’s largest trading houses, hedge funds, brokerages, producers and refiners. Mr Diffley, a hedge fund manager at…

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