The Role Of the ICA in Meeting the Financial Crisis

摘要

The Beginning of the Crisis For Cotton What happened in the ICE Futures market toward the end of February and the beginning of March 2008, was so unprecedented in the history of the cotton market, that it could never have been anticipated. The merchant community was hit hard by the demands of excessive margin calls implemented by the ICE exchange on March 5th. The carnage that followed that fateful clay was catastrophic, many merchants who had relied on a futures market for security as a hedging tool, found themselves no longer having the confidence, or the resources to continue doing so. The result of these events is that the cotton industry has changed for the foreseeable future and possibly forever.