Futures (Cedar Falls, IA) articles from April 2008

Futures (Cedar Falls, IA) archives from April 2008

The deepest market.(EDITOR'S NOTE)
April 1, 2008... A funny thing happened after launching the euro... foreign k-exchange trading opened up for retail traders and the long-term trends the currency markets were so well known for truncated. Volatility increased and trading these markets became a...

Trader clips MF Global for $141.5 million.(MINI-ROGUE)
April 1, 2008... With wheat futures already experiencing unprecedented volatility, a rogue trader rocked the market on Feb. 27. MF Global acknowledged that a U.S. registered representative of the firm, trading Chicago Board of Trade wheat, exceeded his...

Chartview: wild week in wheat.(Trendlines)
April 1, 2008... The Last week of February was wild for wheat futures, as demand, particularly for the high protein variety, put the market into hyper drive. Markets in Chicago, Minneapolis and Kansas City pushed the recently approved higher limits by first...

CFTC's losing forex?(PAGING MR. ZELENER ...)
April 1, 2008... A 2004 forex fraud case against Erskine and Goros LLC, which the CFTC has lost as well as an appeal, threatens to limit its authority to prosecute fraud in the forex industry and its authority to regulate off exchange markets. "Like...

Grede has BONY to pick.(SENTINEL BACKLASH)
April 1, 2008... Sentinel Capital Management's bankruptcy trustee Frederick J. Grede and the Bank of New York Mellon Corp. (BONY) have filed dueling law suits in Illinois bankruptcy court. BONY was custodian of securities on behalf of Sentinel and its...

Nymex dealing.(SHALL WE DANCE?)(Conference notes)
April 1, 2008... Timing is everything, and as Futures heads to press, one date stands out: March 15, which is the last day of the annual International Futures Industry Conference in Boca Raton, Fla., and also the last day of the extended exclusive negotiation...

Refco execs to jail.(BENNETT, TROSTEN GUILTY)
April 1, 2008... In the latest court move by former Refco officers, Robert Trosten, Refco's former chief financial officer, is the third Refco executive to plead guilty to charges of fraud and conspiracy. He is cooperating with prosecutors and faces up to 30...

ETFs come full circle.(ACTIVELY MANAGED)
April 1, 2008... For many investors, the benefit of Exchange Traded Funds (ETFs) is that you can benchmark your performance to a particular index without paying the added cost of an active manager. That logic has come full circle as the Securities and...

U.S./sino regulation.(International News)(Brief article)
April 1, 2008... The CFTC in February announced an "arrangement for enhanced cooperation and collaboration" with the China Securities Regulatory Commission (CSRC) designed to discuss regulatory issues in the derivatives markets that are of mutual concern for...

ISE, OSE sign MOA.(International News)(International Securities Exchange and Osaka Securities Exchange in memorandum of agreement )(Brief article)
April 1, 2008... International Securities Exchange (ISE) signed a Memorandum of Agreement (MOA) with Osaka Securities Exchange (OSE) towards the launch of a new trading platform on Feb. 24. While ISE has not yet announced a timeline for the new trading...

Felker named NFA chairman.(Trading Places)
April 1, 2008... The National Futures Association (NFA) elected W. Robert Felker, chairman of JP Morgan Futures, to a one-year term as chairman. "I am honored to serve as chairman. The NFA has a long history of being an efficient regulator sensitive to industry...

MFA passes torch.(Managed Money Review)
April 1, 2008... The Managed Funds Association passed the torch of leadership at its Network 2008 conference in Key Biscayne, Fla. in February. Former Congressman Richard Baker (R-La.) officially took the reins as president and CEO of the MFA. Former President...

Lock limit down.(Hot Commodities)(Brief article)
April 1, 2008... Since late January, coffee had been on a rampage, shooting from $1.35 per pound past $1.70 in late February, and then falling out of bed and closing near $1.50 in early March. "It's not just coffee," says Robert J. Schroeder, futures and...

Bubbling crude.(Hot Commodities)
April 1, 2008... In early March, typically a build period for crude oil inventories, May crude oil futures were trading above $106 per barrel. "The market is concerned about the supply and the decision by OPEC to maintain current quotas," says Thomas Hartmann,...

Frankly speaking.(Hot Commodities)(Brief article)
April 1, 2008... As the U.S. dollar spirals lower, U.S. dollar parity with the Swiss franc seems inevitable. "It's a sate haven currency," says Jason Yu, currency strategist for ODL Securities, adding that market turmoil is always good for the franc and the...

Scary time for the Fed.(Market Watch)(Federal Reserve Bank of New York)
April 1, 2008... Desperation may be too strong a term, but certainly there's growing alarm at the Federal Reserve these days, as a sense of gloom and fear seeps through financial markets like some poisonous gas. The strain is telling at the Fed, as it comes...

The U.S. dollar & gravity's pull: the currency and forex sector offered great opportunities in 2007 as the dollar continued to decline and carry trades unwound. But a new set of assumptions is developing as the global and U.S. economies slow and U.S. interest rates drop.(MARKETS)
April 1, 2008... The U.S. dollar has declined precipitously and except for a minor correction in 2005, consistently, since 2001. Its strength as measured by the U.S. dollar index, a basket of six major currencies developed in 1973, is at its weakest point ever...

Dow turning point.(Market Strategy)
April 1, 2008... The Cycle Project Oscillator (CPO) is a proprietary model that identifies multiple cycle influences in a market and has proven itself on numerous occasions. The methodology is based on the theory that market prices consist of three kinds...

Aussie and loonie near parity.(Forex Trader)
April 1, 2008... Forex traders always are looking for opportunities and in the current economic environment of uncertainty and extreme negative U.S. dollar sentiment, two currencies are compelling: the Canadian and Australian dollars. Both are trading close to...

Making automated trading work for you: from the millions of dollars major trading firms spend on automated trading solutions to notoriously unreliable off-the-shelf black-box systems, there's cause for new traders to wonder why they should even bother in this area. However, quantifiable, tradable edges do exist - if you know the right way to find and exploit them.(EQUITY TRADING TECHNIQUES)
April 1, 2008... There was a time, many years ago, when quantitative trading system developers, or "quants," were looked down upon by those who considered themselves real traders, discretionary gunslingers who learned their ply from the school of hard knocks....

From chaos to trends in forex: chaos theory is often maligned by many traders. However, the field of study that falls under Determined Chaos can be used to uncover powerful trends in forex using familiar market statistics - if you understand its limitations and how to overcome them.(TRADING TECHNIQUES)
April 1, 2008... Determined Chaos is a non-linear method of analysis that has achieved a greater following in recent years. However, not only does this sophisticated and complex area of study require significant background to be applicable to the markets, it's...

Safe profits with bull and bear stairs: bull and bear stairs are simple, observable phenomena on daily bar charts. Using an understanding of how and why bull and bear stairs work, a patient forex trader can make consistent profits with limited risk.(TRADING TECHNIQUES)
April 1, 2008... Most f us learned to climb stairs not long after we learned how to walk. Before long, and with practice, it became second nature. Observing and properly reacting to the charting formations known as bull and bear stairs can become just as...

Using leverage space model to define risk: in the first part of this two-part series, we reviewed theory and application of proper money management for a single trade, single instrument example. Here, we expand this discussion to a portfolio, described as a collection of components, which more accurately reflects reality.(TRADING TECHNIQUES)
April 1, 2008... The notion of optimal f is not merely a method of determining an optimal point in a risk profile. Done right, it can provide the foundation of a superior portfolio model than what's being used today. This approach, as it is applied to the...

Riding out the storm: from their global, 24-hour nature to war-time volatility to sector bailouts engineered by central banks around the world, today's markets face an environment like none other in history. We'll review how mechanical trading got to where it is today and discuss how today's changes might affect trading systems going forward.(TECHNOLOGY & TRADING)
April 1, 2008... Trading systems once were reserved for institutional traders with access to powerful mainframe computers and Fortran programmers. Things weren't all rosy even for these well-heeled institutions, however. Market data was not disseminated as...

eToro forex trading platform.(Software Review)
April 1, 2008... Forex traders seeking a user-friendly trading experience or an educational tool to understand or introduce forex trading concepts will appreciate eToro's simplicity and video game-like interface. U.S. based traders can practice their...

Futures vs. forex: cash forex has been one of the fastest growing retail markets, but currency futures are booming too with the onset of almost around-the-clock electronic trading. Which market is best for you?(FUTURES 101)
April 1, 2008... With the U.S. dollar in the doldrums, more and more traders are getting fired up about forex and currency futures. However, there are numerous questions to answer before venturing into either of these red-hot markets. When deciding between...

Take the money and run: nimble short-term traders had a banner year in forex markets in 2007, and many believe that the added volatility that facilitated their performance is here to stay.(MANAGED MONEY)
April 1, 2008... Foreign exchange is the most liquid market sector and is therefore the anchor of many diversified trend following programs. In recent years, higher volatility in currency markets has made trading forex difficult for long-term trend followers,...

Consolidation: It's happening everywhere: the end-game of musical exchanges has begun, with bourses clumping into ever-larger, ever-more diverse platforms straddling ever-distant boundaries.(TRADE TRENDS)
April 1, 2008... In a year that has seen the emergence of CME Group (formerly the Chicago Mercantile Exchange and its cross-town rival, the Chicago Board of Trade) as the global behemoth it always seemed destined to become, as well as the merger of the...

Futures' 2008 Traders' view of the world.(Trade Trends)
April 1, 2008... Contract Exchange Contract Months STOCK INDEXES (FUTURES) E-mini S&P 500 (ES) CME Mar.Jun.Sep.Dec DJ Euro Stoxx 50 (FESX)...

The weakening of the U.S. dollar.(My Position)
April 1, 2008... In the early 1790s, after passage of the Constitution, the newly organized government of the United States of America turned its attention to monetary issues. Alexander Hamilton, secretary of the Treasury, recommended the term "dollar" and it...

Anatomy of the Bear: Lessons From Wall Street's Four Great Bottoms.(Book review)
April 1, 2008... Anatomy of the bear: Lessons from Wall Street's four great bottoms. By Russell Napier CLSA 324 pages, $34.95 Anatomy of the Bear profiles the four most significant market bottoms of the twentieth century. They include: 1921,...

Dateline.(Calendar)
April 1, 2008... SPONSORED BY: Interbank fx APRIL MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY 31 1 Crop 2 3 4 Employment summary, ...

Events coming up.(Calendar)
April 1, 2008... Third Annual GAIM Cayman. APRIL 13-16, 2008. Ritz-Carlton, Grand Cayman. www.gaimcayman.com FIA Futures Services Division OpTech Conference. APRIL 17, 2008. New York Marriott Downtown, New York. www.futuresindustry.org. Futures 1-Trade...

Ram: keeping their eyes on the ball.(Trader Profile)(Ram Management Group)
April 1, 2008... Robert Moss has been involved in trading futures for four decades and although he learned his craft from some of the most talented and successful traders in the industry, he is not afraid to learn new things and alter his strategies. In...