Futures (Cedar Falls, IA) articles from April 2003

Futures (Cedar Falls, IA) archives from April 2003

International swap. (Editor's Note).(evaluation of Iraq War)(Editorial)
April 1, 2003... In my office, some of us quote the old comedy sitcom "Seinfeld" the way others quote scripture. This might mean we're superficial, but at least we have a sense of humor. Recently I thought about the episode in which Jerry tells Elaine that...

Sound off!
April 1, 2003... LESS DOWN TIME I have been trading commodities for about 50 years, and I like [these markets]. Lately, I've been using the Chicago Board of Trade and the Chicago Mercantile Exchange, of which I am now a stockholder. In general, their...

Clarification.(Correction Notice)
April 1, 2003... In "Online Trading: What Traders Want What Brokers Offer," March 2003, there was some confusion regarding the order entry section of our table. PFG's program is compatible with both Windows and Macintosh computers, while the programs for MBF...

Gloves come off in clearing fight. (Taking it to the Streets).(Nickolas Neubauer addresses Chicago Board of Trade board meeting)
April 1, 2003... Outgoing Chicago Board Of Trade (CBOT) Chairman Nickolas Neubauer ramped up the rhetoric regarding Futures Industry Association (HA) proposals for competitive clearing and fungible futures contracts in remarks at the CBOT's annual board...

Bumpy road for NBI futures. (So Close but yet so Far).(narrow-based index futures await approval)(OneChicago)(Brief Article)
April 1, 2003... In March 2002 OneChicago announced the first eight narrow-based index (NB!) futures that many thought were going to be a significant part of its security. future products offering. One year later and four months since OneChicago opened for...

Trader's guide to technical indicators: Getting into the wave. (eSignal).(Advanced GET)
April 1, 2003... Prices are nothing more than a reflection of the mass psychology of the marketplace. One of the best means to track this psychology is with Elliott Wave analysis. Introduced by R.N. Elliott in the 1930s, the basis of Elliott Wave theory is...

Retail FCMs launching futures funds. (More Alternatives).(retail futures brokerage firms)(Brief Article)
April 1, 2003... Two of the largest retail futures brokerage firms are jumping into the managed futures arena, offering both retail and institutional level products. On Feb. 25, Peregrine Financial Group (PFG) announced an alliance with Trader Source Inc....

Nybot move in with Nymex. (My Pit is your Pit).(New York Board of Trade, New York Mercantile Exchange)
April 1, 2003... Although operating efficiently out of its Long Island City back up facility in Queens after its floor was destroyed in the September 11 terrorist attacks, the New York Board of Trade (Nybot) always intended to return to Manhattan's financial...

'Debt bubble' inflating in Europe. (The Other Foot).
April 1, 2003... On March 6 the European Central Bank (ECB) signaled that bond yields can drop even further when it trimmed rates 0.25 percentage points to 2.5%, their lowest level since November 1999 -- and the lowest since the ECB came into existence two...

Eurex shanghais French options. (Non! Ja!).(Eurex, Euronext.Liffe, Euwax)
April 1, 2003... With all the speculation about how Eurex plans to manage its U.S. debut (see "Traders' View of the World -- Increasingly European." page 70), it has been easy to overlook the continuing European turf war between the Germans and Euronext.Liffe....

ISE spreads wings. (International News: Americas).(International Securities Exchange implements new trading technology)(Brief Article)
April 1, 2003... One of the most frequently stated reasons for the retention of open outcry trading pits is they are more efficient than electronic platforms when it comes to complicated spread orders. The International Securities Exchange (ISE), in an attempt...

A better Nasdaq? (International News: Americas).(Nasdaq Stock Market Inc.)(Brief Article)
April 1, 2003... The Nasdaq stock market plans on offering futures, options and ETFs, including ETE futures and options, on the Nasdaq Composite index. Nasdaq says it plans to have the products listed by year-end on the market-cap weighted index of nearly 3,600...

Location, location. (International News: Europe).(real estate options, swaps, derivatives)(Brief Article)
April 1, 2003... Up until 20 years ago, real-estate options easily were the best-known derivatives instrument in the world, but anything resembling property futures had always seemed great in theory but just not practicable--largely because values vary widely...

A bearish Aspect. (International News: Pacific Rim).(Brief Article)
April 1, 2003... Despite--or perhaps because of--the more than decade-long bear market in Japanese equities, Aspect Capital in January launched a long/short Japanese hedge fund. The fund was developed to be successful in any market condition according to Aspect...

No poppy futures? (International News: Pacific Rim).(Brief Article)
April 1, 2003... After suffering several delays, Pakistan's first futures exchange, the Pakistan Commodity Exchange, plans to begin operations in April. Gold will be the first commodity traded, with cotton projected to follow. Futures trading in wheat, rice and...

Brumfield takes reins of TT. (Trading Places).(Harris Brumfield, Trading Technologies Inc.)(Brief Article)
April 1, 2003... In 17 years. Harris Brumfield. Trading Technologies CEO, has gone from running on the floor at the Chicago Board of Trade to running a big-time trading software corporation. An electronic trading zealot, Brumfield has replaced Chris Derossi...

Alternative Asset Management Inc. (Trading Places).(John A. Philpott)(Brief Article)
April 1, 2003... John A. Philpott joined Alternative Asset Management Inc. to run MIS, risk management and strategy execution. He was previously a systems architect at CDC Investment Management Corp.

Henderson & Lyman. (Trading Places).(Douglas E. Arend)(Brief Article)
April 1, 2003... Michael, DePilla, Douglas E. Arend, former general counsel of a commodity pool operator, has become a partner with Henderson & Lyman.

Hedge fund charged. (Managed Money Review).(Rhino Advisors Inc.)
April 1, 2003... One week after reports that the Securities and Exchange Commission (SEC) was preparing to further restrict short selling policies, the SEC filed a settled action against Rhino Advisors Inc. and its president, Thomas Badian, for allegedly...

Driving higher. (Hot Commodities).(Brief Article)
April 1, 2003... If conditions continue as expected, the February spike in natural gas prices that sent the March contract over $10 might become standard fare. The inability to replace current supplies coupled with low inventories in all energies has one...

10-year blowout? (Hot Commodities).(Brief Article)
April 1, 2003... Analysts have been attempting to pick a high for interest rate markets for over a year, but continuing geopolitical instability along with the weak equity market have kept 10-year T-note prices going higher and interest rates going lower. With...

Souring rally. (Hot Commodities).(Brief Article)
April 1, 2003... Sugar's rally of nearly 400 points over the last seven months must be taken with a grain of salt. With no positive fundamentals, and a looming oversupply, a potential long liquidation could drive a 50% retracement to the 6.50-7.00 levels of...

Whatever happened to the strong dollar? (Markets).
April 1, 2003... The leader of the pack has become the weakest of the pack in the currency world as capital flows seek better investment opportunities elsewhere. Will that trend continue or have concerns about war and a weak U.S. economy been overdone? ...

FXCM outlook and review January 2003.
April 1, 2003... LOOKING BACK: 2002 * * * * FXCM EXPERIENCES RECORD GROWTH In 2002 FXCM continued to demonstrate its market leadership position in the FX industry. FXCM expanded its client base to over 10,000 clients and broadened its global network to...

Carrying the trade to the Aussie. (Market Strategy).(Australian dollar, economic conditions)
April 1, 2003... The recent increase in the Australian dollar, coupled with high Australian interest rates, has been a boon to global investors seeking extra return from both currency appreciation and higher yields. The currency Down Under has the potential to...

Falling forward in forex: Evaluating losses. (Forex Trader).
April 1, 2003... One of the great rewards of e-forex trading is its immediacy. You are marked to the market every second, and you always know the score. If your profit and loss column is positive, you feel the joy of the moment. If it's negative, your ego...

Constitution and reconstitution. (Equity Trading Techniques).(stock index futures)
April 1, 2003... With the move toward so-called passive investments that promise to track a specific stock index, mass selling and mass buying of newly added or deleted shares can cause discrepancies n their trading. The proper use of futures on exchange-traded...

Putting Elliott wave in its place. (Trading Techniques).(Elliott Wave theory)(Column)
April 1, 2003... Theory is one thing, but getting it to make accurate market forecasts is quite another. Extensive research of Elliott wave patterns produces some interesting results--and a forecast of Microsoft above $200! This is the sixth and last...

Trading S&P futures using the Dow. (Trading Techniques).(Standard and Poors 500 index, Dow Jones Industrial Average)
April 1, 2003... A market adage says the S&P 500 index leads the Dow Jones Industrial Average. Using that relationship alone can lead to trading profits, but tied to other trading concepts, profits can get impressive. Here are some ideas on how to do just that....

Five steps to trading success. (Trading Techniques).
April 1, 2003... Many traders go from trade to trade aimlessly, never taking time to evaluate their wins and losses. But this isn't the 1990s, and a plan should be the base for your trading. Here are some steps you should ingrain in your thinking. The old...

Limit up! Now what? (Trading Techniques).
April 1, 2003... When the market goes wild, there must be a trading opportunity, but getting into a profitable position can be a real challenge. Here are a couple of option strategies to capitalize on volatile conditions while keeping your risk under control....

Shaping up your options data. (Technology & Trading).
April 1, 2003... If you want to perform hypothetical tests on historical trading system performance using options, it's better to rely on reality than option pricing models whose inputs may lack precision. But that means using actual historical options data,...

MetaStock professional 8.0.(Product/Service Evaluation)
April 1, 2003... Equis International Inc. 3950 South 700 East, Suite 100 Salt Lake City, Utah 84107 (801) 265-8886 www.equis.com LEVEL: Advanced OVERALL RATING: *** PRICE: $1,695. Additional packages of indicators and systems...

Online resources: When you want it now. (Online Trading).(online bulletin boards, user groups)
April 1, 2003... These days, online trading has grown to be more than hitting "Send" from your electronic order entry system. Now, not only can you execute trades electronically, but all the resources, advice, materials and nifty gadgetry you need to determine...

A time for trading, a time for taxes. (Futures 101).(tips for investors on filing income tax)
April 1, 2003... Income tax time is never fun or easy, and if you trade for a living or trade heavily, this chore may be more stressful than even a big loss. Here are some key steps you should take to ensure you are on the best track at tax season. As if...

Measuring risk against returns. (Managed Money).
April 1, 2003... Though we all know that past performance is not necessarily indicative of future results, often the first thing we look at from a manager is past performance. Before deciding on a manager, though, it is important to look at what is risked to...

Traders' view of the world increasingly European? (Cover Story Trade Trends).
April 1, 2003... The year 2002 was a year of record volumes and high profits for derivatives exchanges, but one day the turmoil that's feeding the frenzy will end. That's when things get interesting. Germany's Eurex, which remains the world's largest...

Options on futures: new Trading strategies. (Book Reviews).(Book Review)
April 1, 2003... By John Summa and Jonathan Lubow John Wiley & Sons New York (2002) 306 pages, $59.95 A couple of chapter titles--"Trading Options the 'Write' Way" or "Selling Strategies for Commodity Options - might have been a more...

Profit with options: Essential methods for trading success. (Book Reviews).(Book Review)
April 1, 2003... By Lawrence McMillan John Wiley and Sons New York (2002) 275 pages, $39.95 The author's goal is to present options in a "new" way that will enhance the ability of traders to master a variety of option trading techniques and...

Dateline.(Calendar)
April 1, 2003... Dateline April MONDAY TUESDAY 31 1 Grain stocks. Crop Summary Japan Production index 7 8 UK Production index Corp summary. ...

Michael Diehl: He bought the company! (Trader Profile).
April 1, 2003... "When you master the craft of trading. you have incredible freedom," says Michael Diehl, a construction engineer who swapped his T-square for a trading station five years ago and hasn't looked back since. "You've got no bosses, no co-workers,...