Futures (Cedar Falls, IA) articles from August 2004

Futures (Cedar Falls, IA) archives from August 2004

Rubbing big shoulders.(EDITOR'S NOTE)(Editorial)
August 1, 2004... I admit I am a proud Chicagoan. I've traveled all over the world, and truly love most of the places I've visited, but Chicago is my birthplace and home. [ILLUSTRATION OMITTED] So when Eurex overtook the Chicago Board of Trade (CBOT) in...

E-forex clarifications.(Letter to the Editor)
August 1, 2004... The National Futures Association (NFA) would like to clarify several statements made in the article titled "Futures 2004 Guide to e-Forex," [April 2004]. First, the article quotes Barry Calder of Hotspot FX as stating, "An e-forex broker...

Poor strategy.(Letter to the Editor)
August 1, 2004... I do not think you did your homework on this software [Strategy Runner, Software Review, July 2004]. As a former user, I found several problems. First, technology support is almost non-existent. [M]y problems were never addressed. I did...

Not so fast: CBOT minority suit back in big way.(Chicago Board of Trade)
August 1, 2004... Just when you thought it was safe to be a full member of the Chicago Board of Trade (CBOT), the minority suit is back--despite a settlement agreed to by representatives of both parties. It's bad timing for the CBOT, which had cleared it...

One-market proxy: can technology navigate fungibility?(Trendlines)
August 1, 2004... A recent independent technology vendor enhancement could alter the competitive landscape in multiple-listed electronic contracts. In June, Trading Technologies introduced Navigator, an order entry tool that enables smart order routing and...

From London to Tehran: Middle Eastern oil futures in works.(Trendlines)(Brief Article)
August 1, 2004... With North Sea Brent crude oil running out, the oil industry is scrambling for a Middle Eastern benchmark. In 2005, the Iranian Oil Ministry plans to deliver--but will there be any buyers? Chris Cook thinks there will be. A principle with...

Can't keep a bad scam down: CFTC keeps eye on forex.(Commodity Futures Trading Commission; Worldwide Forex Inc.)(Brief Article)
August 1, 2004... The Commodity Futures Trading Commission (CFTC) keeps cracking down on illegitimate players in forex, but the scam artists keep crawling out of the woodwork. The CFTC's latest efforts fall on Worldwide Forex Inc., Global Atlantic...

Big brokerage thinking bigger: Fidelity gears up system trading tools.(Fidelity Investments)(Brief Article)
August 1, 2004... Fidelity Investments, an U.S. mutual fund company and an online equity brokerage firm, is ramping up its offerings for system traders with its recent acquisition of the Wealth-Lab Developer Software. Fidelity plans to fully integrate the...

Chartview: the silver/bean spread?(Trendlines)(Brief Article)
August 1, 2004... Want to make your broker cringe and then possibly sit up and take notice when he pulls up the charts? Tell him you'd like to trade beans off moves in silver or vice versa. Market action in the two seemingly independent commodities is...

Eurex US synchronizes incentives.(Trendlines)(Brief Article)
August 1, 2004... In either a sign of desperation or an attempt to synchronize the entrance of new market users to an emerging market, depending on your point of view, Eurex US introduced a series of incentives that went into effect July 12. Eurex US, which...

Flipped again.(International News)(Brief Article)
August 1, 2004... Germany's notorious "Flipper"--the large proprietary trader who has been batting the Eurex market around by entering and then withdrawing large orders on the platform--remains at large. The Exchange says they know who he is, but refuse to out...

Cash. check or plastic?(International News)(Brief Article)
August 1, 2004... The London Metal Exchange plans to have its first plastics contracts up and running by the end of this year. The two contracts--one on Polypropylene and the other on Linear Low Density Polyethylene--will each trade on all three LME platforms:...

Nymex says not yet.(New York Mercantile Exchange)(Brief Article)
August 1, 2004... There isn't going to be a New York Mercantile Exchange-run energy exchange in Singapore just yet. Rumors energy contracts would begin trading in 2005 on such an exchange were exaggerated, according to a spokesperson for Nymex. While Nymex has...

Much ado about China.(International News)(Brief Article)
August 1, 2004... China is doing more than just moving the world's commodity markets with its seemingly insatiable demand. * In one intriguing tale, a top official at one of China's largest natural rubber exchanges has disappeared, and has left behind a...

Newsome new Nymex chief.(James E. Newsome; New York Mercantile Exchange )(Brief Article)
August 1, 2004... The New York Mercantile Exchange has hired James E. Newsome as president, effective Aug. 2. Newsome replaces departing President J. Robert Collins. Newsome, chairman of the Commodity Futures Trading Commission (CFTC), spent an entire year...

Tropical tax haven on U.S. soil.(Managed Money Review)
August 1, 2004... If it seems like more commodity trading advisors are boasting tropical addresses, it is not due to a mid-life crisis nor is it an offshore tax haven per se. The U.S. Virgin Islands' economic incentives have been around for 32 years, but money...

O.J. juiced.(Hot Commodities)(Orange juice)(Brief Article)
August 1, 2004... In June, the long bear market in frozen orange juice reversed course after posting a 27-year low of $0.5659 in the September contract. Alaron softs analyst Boyd Cruel says small speculators exploiting historical lows fueled the rally,...

Safety in spreads?(Hot Commodities)(Brief Article)
August 1, 2004... In most years, the ranges displayed in the accompanying chart would indicate an extremely volatile soybean market. The chart, however, is not for a single delivery month but the 2004 old crop/new crop (August/November) spread. ...

What tightening?(Hot Commodities)(Brief Article)
August 1, 2004... It is a fundamental of futures trading that markets move on expectations and when the fundamental evidence of those expectations occurs, markets reverse course. So, it is not that big of a surprise that 10-year Treasury note futures rallied...

Bulls, bears wrestle for stocks' future: U.S. workers are finally starting to show up to the party, but will corporations take their punchbowl of recent blistering earnings growth and go home?(markets)(Cover Story)
August 1, 2004... For months, jobs were considered the nagging indicator in the U.S. economic recovery. They were the reason consumers weren't spending, the Federal Reserve wasn't raising interest rates to stave off inflation and partly to blame for the weak...

Happy birthday, forex trading.(Forex Trader)
August 1, 2004... August marks a truly historical event in the history of forex trading. Few of today's traders know about it or remember it. It is worth noting that 33 years ago on Aug. 15, 1971, the United States eliminated the artificial link between the U.S....

Beware the fatal cross price pattern: successful market analysis does not have to be complex. With a well thought out bias and the commitment to trade your plan, this simple technical condition can forewarn you of big price moves.(equity trading techniques)
August 1, 2004... Market opinion comes from many perspectives, including the traditional fundamental and technical forms of analysis. Regardless of the source, an underlying principle of risk management must exist in order to avoid extreme loss. ...

Verifying trends with order flow: electronic markets let even new traders see the orders sitting in the queue waiting to be filled. By watching the ebb and flow of volume in these orders, you can improve your trading skills.(TRADING TECHNIQUES)
August 1, 2004... Observing the market's order book lets you observe the ebb and flow of the bids and offers to find better intraday entries and exits (see "Trading with order flow," April 2004). These strategies can be improved by combining your order book...

Taking the commodity out of currencies: some currencies often are considered proxies for the major commodities their issuing nations produce while others are considered to turn on interest rate differentials exclusively. But the relationship is much more complex than that.(TRADING TECHNIQUES)
August 1, 2004... A keen grasp of the obvious is a prerequisite for success in most fields, but it often does you no good whatsoever in market analysis. Take the supposition that the strength or weakness of a nation's currency reflects the underlying economy....

Mechanical system trading: step by step; While many professional mechanical system traders have ended up with unique rules and strategies for their trading systems, many have followed a similar path to get there. Here is how you get from A to Z on the path to successful trading system development.(TRADING TECHNIQUES)
August 1, 2004... Anyone who has ever combed a price chart for Holy Grail trading strategies has probably fantasized about earning a living through systematic trading. There are assuredly people out there doing just that. Many such people flourish without the...

The truth about money management; Although we can learn from professional money managers, as private traders, we should not fully emulate their approach to the markets. Here's how individual trader and money manager goals differ and how the differences affect a key component: money management.(TECHNOLOGY & TRADING)
August 1, 2004... Money management is like beauty--its true quality is in the eye of the beholder. If you asked a cross-section of market participants from new traders to professional fund managers to give their definition of money management, what different...

Bearish options: both bears and bulls can make their arguments as to which kind of market we're in now. If you fall in the bears' camp, here are a few options strategies that take advantage of downside opportunities.(FUTURES 101)
August 1, 2004... Options are often regarded as a way to trade with less risk. While some strategies do this while offering a range of trading opportunities, that same versatility also can make them confusing for new traders. [ILLUSTRATION OMITTED] ...

Getting results.(Online Trading)
August 1, 2004... Trading systems are becoming more popular among professional traders, fund managers and individual investors alike because they help take the emotion out of pulling the trigger, save time, and highlight the role of discipline in trade...

More interest and help for emerging managers: with the pace of growth in alternative investments quickening, institutional allocators need to spot emerging managers earlier when the trader has capacity. And managers can attract allocators by demonstrating early on they are ready for them.(MANAGED MONEY)
August 1, 2004... Gauging the size of the hedge fund universe has always been a moving target. A recent survey by Alternative Funds Service Review put it at $1 trillion. That figure has been commonly accepted under the reasoning that it is a good round number...

2004 public funds returns (through June).(Funds Review)(Illustration)
August 1, 2004... Unit Starting value Change Trading Date unit through for Name of fund advisor(s) ...

Chicago exchanges flex their muscles: Chicago has always been a trader's kind of town. But many people have suggested its market share is in jeopardy as the industry goes through rapid technological advances. Standing big shoulder to big shoulder, Chicago exchanges appear game for the fight.(TRADE TRENDS)
August 1, 2004... If you were asked to boil down the news and issues involving the futures industry to a single word that word would be change. The one theme that has emerged at industry conferences over the last couple of years is the incredible pace of change...

FutureSource.(Software)
August 1, 2004... FutureSource has released a new workstation product, FutureSource Workstation, a real-time quote, charting and technical analysis display software. Workstation is designed for individuals, brokers and professional traders. It includes news from...

GFT.(Services)(Global Forex Trading introduced Facilitated Systems program )(Brief Article)
August 1, 2004... GFT has introduced a Facilitated Systems program for customers interested in the forex market that allows individuals to subscribe to technical systems. Facilitated Systems offers the ability for GFT's dealing desk to trade an account on a...

Link Capital Management.(Services)(www.forexprep.com)(Brief Article)
August 1, 2004... Link Capital Management has released Forex Prep, at www.forexprep.com, a free forex education site offering information to those new to the forex market. The site offers information such as the history of forex, currency symbol names, pip...

Interactive Brokers.(Services)(introduced Book Trader)(Brief Article)
August 1, 2004... Interactive Brokers has introduced Book Trader, a tool that allows users to enter orders from a deep book window with single clicks. With Book Trader users can click on the bid size to initiate a buy limit order at the associated price, click...

Inside Trading.(Internet)(launched Internet-based trading platform TradeInside)(Brief Article)
August 1, 2004... Inside Trading, an online futures brokerage firm, has launched an Internet-based trading platform, TradeInside. The platform provides direct access to electronic futures markets. Inside Trading integrates trading tools with real-time news and...

OptionsXpress.(Internet)(introduced brokersXpress)(Brief Article)
August 1, 2004... OptionsXpress has introduced brokersXpress, a new platform for independent brokers and investment advisors that contains online brokerage management and compliance tools. The tools provide a number of administrative functions. Users can place...

Hotspot FX.(Internet)(www.hotspotfx.com)(Brief Article)
August 1, 2004... Hotspot FX has introduced new features to its retail foreign exchange trading platform at www.hotspotfx.com, including new interface features. Now available is the Reprice Balance option, which enables users to resubmit a new bid/offer for the...

Intermarket Analysis: Profiting from Global Market Relationships.(book)(Book Review)
August 1, 2004... Intermarket Analysis: Profiting from Global Market Relationships By John J. Murphy John Wiley & Sons, New York (2004) 270 pages, $69.95 John Murphy, with over 30 years of experience, including his current position as chief...

Contract dates.(Dateline)(Commodities industry)(Illustration)(Calendar)
August 1, 2004... 2 FND: BM & F Alcohol F, Nymex Palladium F, Platinum F. LTD: BM & F Alcohol OF. 5 LTD: Euronext-P Corn F, Safex Bonds F. 6 LTD: CME Live cattle OF, Pork bellies OF, Currencies OF, CME $ Index OF, Nybot Crossrates OF, Dollar Index OF,...

Events coming up.(Securities industry)(Brief Article)(Calendar)
August 1, 2004... Call the numbers listed for more information. For other seminars, see the classifieds on pages 72-77. Principles of Futures, Part II. AUG. 10-24. (Tues. and Thur.; 4 p.m.-6 p.m.) Chicago Mercantile Exchange. www.cme.com. (312) 930-6937. ...

Brunn: forecasting profits.(Trader Profile)(Forecast Trading Group LLC)
August 1, 2004... Looking at James Brunn's background you might suspect that he would end up managing money, but specializing in foreign exchange. That's not the case for Brunn, managing director and sole principal of Forecast Trading Group LLC, who went...