Futures (Cedar Falls, IA) articles from August 2003

Futures (Cedar Falls, IA) archives from August 2003

Powerhouse software: traders win with Unfair Advantage[R].(When it comes to supplying summary world market data for analysis and charting, nothing beats the power of CS[R]'s Unfair Advantage software)
August 1, 2003... When it comes to supplying summary world market data for analysis and charting, nothing beats the power of CS[R]'s Unfair Advantage software. From daily updates to intricate file-building capabilities and innovative analysis techniques, Unfair...

It's superbull!(Editor's Note)(Editorial)
August 1, 2003... A trader friend of mine sent me a note stating that my July editorial basically described deflation, and that, he said, wasn't a good thing. I agree. But as fast as you could say "go to print" or "deflation," much has changed. The air...

Selling out.(Sound Off!)(a reader wants to know more about dealers who handle options and how to get into the market)(Letter to the Editor)
August 1, 2003... I read several articles in your March 2003 publication about writing options, such as "Soybeans ripe for option writers," "Covering up with options" and "Option sellers vs. buyers: Who wins?" I have done vast research on short strategies,...

Mini FX, big thanks.(Sound Off!)(The article "The Road to Mini Success" was helpful to people who want to have their first experience in the forex markets)(Letter to the Editor)
August 1, 2003... The article "The Road to Mini Success" in the June 2003 issue is very informative. It is very helpful to people like me who are willing to have their first experience in the forex markets. This article motivated me to browse through some of the...

Euronext Liffe go solo.(Nasdaq Wants Out)(Euronext Liffe has assumed sole ownership of Nasdaq Liffe Markets (NQLX)(Brief Article)
August 1, 2003... With the Chicago exchanges concerned over Eurex setting up the "first" overseas-owned, U.S.-based futures exchange, Euronext Liffe quietly has assumed that title by taking over sole ownership of Nasdaq Liffe Markets (NQLX), the exchange it...

Chartview: are SSF ready to grow?(Trendlines)(Universal Stock Futures experience strong growth)(Brief Article)
August 1, 2003... Before there was a OneChicago or NQLX, there were Universal Stock Futures (USF) offered at the London International Futures and Options Exchange (Liffe). It was Liffe's commitment to trade single stock futures--not only on domestic European...

Mini Dow mistake moves market.(Pre-Holiday Surprise)(error on market order may have caused large drop)(Brief Article)
August 1, 2003... As U.S. traders were preparing to enjoy the long July 4th weekend, an apparent order entry error sent the September 2003 and December 2003 mini-Dow futures contracts into a more than 575-point tailspin that had ripple effects on prices in cash...

LCH, Clearnet link-up.(Clearer Clearing Picture)(two European clearinghouses tackle the fragmented European market infrastructure to create a single European financial market.)
August 1, 2003... Clearing efficiencies being all the rage these days, two major European clearinghouses have decided to tackle the fragmented European market infrastructure in hopes of creating a single European financial market. The boards of the London...

Forex, scams highlight summer regulatory actions.(Clearing The Docket)(Brief Article)
August 1, 2003... From so-called hedge-to-arrive (HTA) contracts that dominated much of the regulatory news in the 1990s to the Internet auction portal eBay, the Commodity Futures Trading Commission cleared a number of items off its books in June and early July....

Common but temporary?(Americas)(Brief Article)
August 1, 2003... FIA President John Damgard and the Chicago exchanges have been at odds over many issues involving clearing but Damgard says he and the industry he represents are encouraged by the CBOT/CME common clearing link. However, wording in a document...

Espeeding overseas.(Europe)(Brief Article)
August 1, 2003... BrokerTec USA and its technology provider OM Technology find themselves the latest target of an eSpeed patent infringement suit, filed in the Federal District Court of Delaware. eSpeed Inc., which has turned suing over its 2001 purchase of the...

In search of liquidity.(Europe)(MTS intends to expand its money market operations by including more short-term products)(Brief Article)
August 1, 2003... MTS intends to expand its money market operations by including more short-term products. The hope is the change will inject more liquidity and transparency to the markets. "Money-market dealing is a low-margin, high-volume business, and...

Osaka gets enroned.(Pacific Rim)(criminal complaint filed against former senior executive vice president of the Osaka Securities Exchange (OSE) Takuo Noguchi for allegedly manipulating the market )(Brief Article)
August 1, 2003... A criminal complaint has been filed against former senior executive vice president of the Osaka Securities Exchange (OSE) Takuo Noguchi for allegedly manipulating the market in an attempt to compete with the Tokyo Stock Exchange (TSE), making...

Mas markets.(Pacific Rim)(The Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) will establish funds to develop the securities and derivatives industry )(Brief Article)
August 1, 2003... The Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) have announced they will establish a $4.3 million pool of funds to develop the securities and derivatives industry in Singapore. "The money will be used to raise...

Cassidy heads new DPM team.(Trading Places)(securities industry appointments)(Brief Article)
August 1, 2003... Derivatives Portfolio Management (DPM) is building its client service team with a new group as the hedge fund industry expands. Diane M. Cassidy will head the group as managing director, client services. "Hedge funds are really interesting...

Trading advisors get 'whacked' by Dow.(Managed Money Review)
August 1, 2003... Attempts to rectify the damage by large erroneous orders are akin to placing the genie back in the bottle. While the exchange can bust bad trades, ripple effects in related markets cannot be fixed. This happened July 3 when an apparent order...

Too much corn.(Hot Commodities)(Ideal growing conditions and overseas competition could push the September corn contract below $2 per bu)(Brief Article)
August 1, 2003... Ideal growing conditions and overseas competition eating up market share could push the September corn contract below $2 per bu., analysts say. Shawn McCambridge, senior grain analyst for Prudential, says the U.S. Department of Agriculture...

Cotton climbing.(Hot Commodities)(Brief Article)
August 1, 2003... December cotton has rebounded from its 10 cents per lb. springtime sell-off and: looks to continue its summer rally. Freidberg Mercantile Group analyst Shalom Sanik attributes cotton's strength to large U.S. exports and a tight global...

Notes hit reality.(Hot Commodities)(Treasury bonds and notes continue their rally even as the stock market rebounds )(Brief Article)
August 1, 2003... Many analysts have been saying for close to a year that fixed income products could not rally forever and that eventually there would be no room on the upside for Treasury bonds and notes, but they seemed to keep moving higher despite...

Hoping for a pick-up.(Market Watch)
August 1, 2003... Bobby socks, bullet-nosed Studebakers and "I Like Ike" buttons were in vogue the last time, 1958, that the federal funds rate averaged 1%, but a return to that low level of rates on June 25 did not, alas, evoke that sense of security, and...

A high percentage play in natural gas.(Market Strategy)
August 1, 2003... By now, anyone who has read a financial newspaper or watched CNBC for more that 30 minutes over the last three months should be familiar with the long-term supply issues facing natural gas. Even Alan Greenspan weighed in on the issue earlier...

Raise your hands: bull or bear? If you have both hands up, you're right with the analyst crowd as they debate whether stocks are in a new bull market or just a bear market rally. Bottom line: be a trader, enjoying the ride but watching for vicious twists and turns.(Markets)
August 1, 2003... Economic forecasting has long been regarded as a two-handed science--"On one hand... On the other hand..." Analysts certainly had both hands busy in the middle of 2003 trying to project the outlook for major stock indexes this year. ...

Don't be duped.(Forex Trader)
August 1, 2003... With the Commodity Futures Modernization Act (CFMA) of 2000, the U.S. retail forex markets were given some much-needed legitimacy. The CFMA finally set into stone a regulatory framework for these markets, naming the Commodity Futures Trading...

Is past performance really indicative of future results? Many sources advise investors not to chase performance, but this study suggests that what everyone 'knows' just isn't so for six broad stock indexes. This has serious implications for the traditional approach to asset allocation.(Equity Trading Techniques)
August 1, 2003... Don't chase performance! You have probably heard that admonishment many times from investors, advisors and academics. Chasing performance happens when an investor allocates money to investments that have performed well relative to other...

Bonds begin at home: when bond traders run out of things to analyze to determine the future direction of bond prices, they can turn their attention to mortgage data. Here's a look at the current situation.(Trading Techniques)
August 1, 2003... Bond traders are funny people, sometimes intentionally so. Their primary tasks, forecasting interest rates and the shape of the yield curve, rank somewhere between the creation of the perpetual motion machine and the establishment of the...

Making money with momentum: no matter what system you design, it's likely you'll come back to one basic fact: when a market moves, you want to go with it. Here's how some momentum signals can help you get your piece of the profit window.(Trading Techniques)
August 1, 2003... Mechanical system trading is full of contradictions and ironies. "Simple" works well but is psychologically hard to accept. Research can turn what is logical and "acceptable" into complex trading systems. However, the myriad results of the...

Timing is everything, especially with a commodity index: two relatively simple indicators, the price structure of GSCI futures and the Fed's current monetary policy, can be very useful for profitable futures trading.(Trading Techniques)
August 1, 2003... Commodity futures programs are continuing to attract significant capital from investors. According to Goldman Sachs, an estimated $12 billion is invested in or benchmarked to the Goldman Sachs Commodity Index (GSCI). The GSCI, designed to...

Deciphering the strategies of W.D. Gann: W.D. Gann has long been regarded as one of those mystical, legendary traders of yesteryear, known mostly for his work with angles, cycles and squaring price and time. Here's an overview of his main tools.(Trading Techniques)
August 1, 2003... William Delbert Gann was a financial astrologer. He was born on June 6, 1878, and died in June 1955. Gann traded and studied the market for more than 50 years, accumulating more than $50 million during this time. Gann said he would never...

Learning from your system's mistakes: discretionary traders adapt when they lose money in the markets. Who's to say that trading systems can't? Here we tap into some new technology to show how your trading system's own profit and loss figures can be used to improve its future results.(Technology & Trading)
August 1, 2003... What doesn't break us makes us richer. Let's hope that financial spin on the cliche will prove correct in systems trading. If so, we will be able to improve a system's performance by keeping track of its past performance and using it to adjust...

Ever feel like you're missing the bog picture.
August 1, 2003... When trrading commodity futures and options, do you ever feel like you're missing something? What you are missing is a look at the market with a "big picture view." You can't get the big picture using a computer or from your broker. There is...

Fundamentals for trading SSFs: a major reason retail stock traders aren't trading single stock futures is their unfamiliarity with the new products. But traders don't have to go out and learn a whole new set of rules, in this case the old and trusted fundamentals of stocks apply.(Futures 101)
August 1, 2003... Many traders look at the market as a whole to see if trading is strong or weak and whether or not it is a good time to enter the market, and some traders study the market from a purely technical perspective ignoring the fundamental aspects....

Bringing the pit to the screen.(Online Trading)
August 1, 2003... Many traders trying to change with the times have found it difficult to transition to screen-based trading from the pit or from picking up a phone and calling in orders. Some get bored of staring at countless digits on their computer screen....

Turning asset allocation on its head: to grow the managed funds business, allocators need to seed new traders to help them learn to trade greater funds under management. Here is one firm's method to profit from emerging CTAs while curbing the associated risk.(Managed Money)
August 1, 2003... The most frustrating part of being an emerging commodity trading advisor (CTA) is trying to get institutional allocations. Institutional allocators--for the most part--don't want to hear from CTAs until the trader has built a track record and...

World turned upside down.(Trades Trends)
August 1, 2003... Whether the British army surrendering to George Washington' at Yorktown on Oct. 19, 1781--a mere 206 years before the stock market crash of 1987--actually played the march "The World Turned Upside Down" is subject to immaterial debate. Marie...

2003 public funds returns (through June).(Funds Review)(Illustration)
August 1, 2003... 2003 public funds returns (through June) Name of fund Trading advisor(s) U.S. Closed Alternative Asset Growth LP Multiple managers Capital Fund II Campbell & Co. Dean Witter Cornerstone ...

Common clearing: what does it mean for the retail trader? The Chicago Mercantile Exchange and Chicago Board of Trade shook up the futures industry by announcing a common clearing link between the two storied exchanges. The link promises to provide tremendous savings to futures commission merchants, which have been asking for it for decades. But what will it mean to the average trader?(Trade Trends)
August 1, 2003... The most obvious benefit of a common clearing link between the two Chicago exchanges for end-users is the risk offsets that will be available immediately. Traders holding long S&P 500 and short Dow positions or opposing eurodollar and T-bond or...

Dateline.
August 1, 2003... CONTRACT DATES 1 FND: Nymex Platinum F, Palladium F. LTD: CME Frozen pork bellies OF, live cattle OF, Nybot Sep Cocoa OF. 4 LTD: CME Jul Weather F,OF. 5 LTD: Euronext-P Corn F. 8 LTD: BM&F alcohol OF, Sep Conillon coffee OF,...

Events coming up.
August 1, 2003... Call the numbers listed for more information. For other seminars, see the classifieds on pages 76.81 Swiss Commodities Futures and Options Association (SCFOA) 24th Burgenstock Annual Meeting, SEP. 4-7. Burgenstock, Switzerland....

Mark Rosalbo: leveraging the Qs.(Trade Profile)
August 1, 2003... Mark Rosalbo trades barefoot. That is just one of the benefits of trading from his suburban New Jersey home. He has an office in his attic equipped with multiple flat-screen monitors that he uses to place trades and analyze markets. The...