Cocoa Falls as Traders Assess Exchange Policy to Curb Volatility
- Threshold for when traders need to disclose details will lower
- New policy announced by ICE Europe will be effective Monday
A farmer attends to cocoa beans drying on a rack at a farm in Kwabeng, Ghana.
Photographer: Paul Ninson/BloombergThis article is for subscribers only.
Cocoa dropped to the lowest in more than a week as traders reassess their positions after Intercontinental Exchange Inc. took steps to tame market volatility.
The most-active contract fell as much as 4.8% in London. ICE Futures Europe on Tuesday lowered the contract’s so-called accountability levels, the threshold for when traders need to disclose more information about their positions. The new policy takes effect Jan. 13.